In the City of Tshwane, Solly Msimanga's administration turned around a budget deficit of R2 billion. In the City of Johannesburg, the creditors book stood at R18 billion. At the ceiling of National Treasury's prescribed limit, when the multiparty government took office. In September 2018, the City of Cape Town was named the top financial centre in sub- Saharan Africa, overtaking South African's traditional centre of finance and commerce, Johannesburg- for the first time.