Mbabane Municipal Council reports E6.88 million surplus

The Municipal Council of Mbabane reported a financial surplus of E6.88 million for the 2025/26 financial year, marking a 15 per cent increase from the E5.98 million recorded in the previous year. Total income reached E176.02 million, driven largely by private rates, which contributed E91.59 million, and government rates, which contributed E67.90 million.

Chief Executive Officer Gciniwe Fakudze announced that the council successfully recovered over E67 million in arrear rates. This recovery included more than E54 million from the government and over E13 million from private ratepayers. The council noted high compliance with payment arrangements, reporting a 99 per cent compliance rate across 490 arrangements.

The municipality's cash and cash equivalents also saw growth, increasing from E65.64 million to E75.93 million. Additionally, the council reported improved procurement activity, including 11 competitive tenders valued at E54 million and the processing of 3,690 quotations totaling over E73 million.