Assets Disposed of Info

The Asset Management Unit is responsible for ensuring that the Municipality’s assets are acquired, managed, maintained and disposed of in a strategic, transparent and cost-effective manner. Through sound asset management practices, the Unit supports sustainable service delivery by maximising the value, performance and lifespan of municipal assets while minimising risks and unnecessary costs.

The Unit operates within the legislative framework of the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003) and the Municipal Asset Transfer Regulations (Government Gazette No. 31346 of 22 August 2008). These legislative requirements regulate the acquisition, management and disposal of municipal assets and prohibit the disposal of assets that are essential for the provision of minimum municipal services.

The Municipal Manager is responsible for ensuring the effective implementation of the Municipality’s Asset Management Policy and serves as the custodian of municipal assets. This includes overseeing the proper acquisition, safeguarding, maintenance and responsible utilisation of all municipal assets throughout their lifecycle. To strengthen governance and ensure compliance, the Municipal Manager is supported by an Asset Management Committee, which provides strategic oversight and guidance on the implementation of asset management policies, procedures and best practices.

The Asset Management Unit plays a vital role in protecting the Municipality’s resources, promoting accountability and ensuring that municipal assets continue to support efficient, reliable and sustainable service delivery to the communities of the ZF Mgcawu District Municipality.

The Asset Management Policy deals with the following key elements:

• Asset recognition
• Recognition of assets initial measurement
• Subsequent measurement of assets
• The recognition of inventory items (non-capital items)
• Asset types
• Asset acquisition, asset maintenance, asset disposal, asset physical control and asset financial control

The Municipal Council of ZF Mgcawu District Municipality has adopted a policy to guide the Municipal Manager in managing the municipality’s assets.

The Municipal Council adopted the Asset Management Policy on 28 May 2025:

Assets Disposed of during 2025/2026

Quarter 1: 2025/2026- No Assets were disposed of for the period July-September 2025

Quarter 2: 2025/2026- No Assets were disposed of for the period October-December 2025

Quarter 3: 2025/2026- No Assets were disposed of for the period January-March 2026

Quarter 4: 2025/2026- No Assets were disposed of for the period April-June 2026