GCFO Kagiso Lerutla places resiliance at the centre of his plans in 2023

In today's economic landscape, it's becoming increasingly important for businesses and municipalities to prioritize financial resilience. With a constantly changing market and unexpected events like pandemics and natural disasters, having a solid financial foundation can mean the difference between thriving and simply surviving.

Mr Kagiso Lerutla, the Group Chief Financial Officer for the City of Ekurhuleni, is one executive who recognizes the importance of financial resilience. As he looks ahead to 2023, he's making it clear that this will be a central focus for his plans.

According to Lerutla, there are several key steps that the City of Ekurhuleni will take to build financial resilience. One of the most important is the establishment of a strong financial framework. This will involve creating policies and procedures that promote responsible financial management, as well as establishing clear benchmarks and metrics to measure success.

Another crucial component of Lerutla's plans is the development of a comprehensive risk management strategy. This will involve identifying potential risks to the City's finances and taking steps to mitigate those risks. It will also involve creating contingency plans to deal with unexpected events, such as economic downturns or natural disasters.

Lerutla is also placing a strong emphasis on collaboration and communication. He recognizes that building financial resilience requires input and cooperation from many different stakeholders, including government officials, business leaders, and members of the community. As such, he's committed to building strong relationships with these groups and ensuring that everyone is working together towards a common goal.

Finally, Lerutla is prioritizing the development of innovative financial solutions. He believes that traditional financial models may not be sufficient to meet the challenges of the modern world, and that new approaches are needed. To this end, he's exploring the use of technologies like blockchain and digital currencies, as well as developing new investment strategies to help grow the City's financial resources.

Mr Kagiso Lerutla's plans to place financial resilience at the centre of his plans for 2023 are a promising sign for the City of Ekurhuleni. By taking a proactive approach to financial management and developing comprehensive strategies to deal with risks and challenges, Lerutla and his team are setting the City on a path towards long-term success. It will be exciting to see how these plans unfold over the coming years, and how they can serve as a model for other cities and businesses looking to build financial resilience in an uncertain world.