Wednesday, November 6, 2024

Cape Town infrastructure budget is now 80% bigger than Joburg’s, with a massive push into water, sewers | Business

Must read

Cape Town (Bob Krist/ Getty Images)

The City of Cape Town – SA’s second-largest city – will at last tap into its significant reserves to begin delivering infrastructure to the poorer areas of the city.

The city has passed a capital budget that is 80% bigger than that of Johannesburg, despite being nowhere near as wealthy. Cape Town’s tax base is 25% smaller than Johannesburg’s and is smaller by almost a million people.

Comparative infrastructure spend figures for the next three years are:

South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.

Latest article