Mogale City wishes to remind ratepayers that the municipality is no longer banking with Standard Bank and has transitioned to ABSA, effective 1 August 2026.

This change is in line with the Municipal Finance Management Act (MFMA) and the Municipal Supply Chain Management Regulations, which require municipalities to renew the tender for primary banking services every five years.

ABSA has communicated the municipality’s new banking details to all South African banks, which will seamlessly update their systems from the municipality’s previous Standard Bank account to the new ABSA account.