What this means
This is the Banking and Investment Policy for the Mandeni Local Municipality for the 2023-24 financial year. It outlines how the municipality must manage its banking, cash flow, and investments in compliance with national laws, particularly the Municipal Finance Management Act. The policy sets out responsibilities for the Accounting Officer and Municipal Manager in collecting revenue, paying creditors, and managing surplus funds through investment. It emphasizes ethical investment practices, risk management, and reporting obligations. The document does not offer any opportunity for application, registration, or claim by the public, businesses, or other entities.
