Chief economist at Efficient Group Dawie Roodt said Joburg was important from an economic hub point of view.
The City of Gold is rapidly losing its lustre as service delivery stutters and politicians squabble, threatening the collapse of the City of Joburg , says an activist coalition. The Johannesburg Crisis Alliance , which consists of organisations such as the Ahmed Kathrada Foundation, the Organisation Undoing Tax Abuse , Action for Accountability, Defend Our Democracy and the Johannesburg Inner City Partnership, has called for an immediate intervention to end coalition chaos in the council.
“A lot of head offices are based here and if we have an unfunded city, it’s going to get worse. If you’re not going to spend on maintenance, water problems become a bigger issue and more businesses will close their doors in South Africa as opposed to just relocating to another city, where things might be working,” he said.“It doesn’t send a good message to investors and certainly doesn’t send a good message to residents. You do not want a continuous downward decline of a city of this size.
However, over the last decade, property rates income had risen from R4 billion to R13.5 billion and overall revenue had grown from R26 billion to R62.6 billion.“Why, then, is there a crisis? Capital expenditure has only risen from R4.6 billion to R6.7 billion over the decade, while employment costs for the current 40 000 employees has soared from R10.2 billion to R15.3 billion .
Roodt said the local authorities’, state-owned enterprises and even the national government accounts were in deep trouble. People were being forced to make their own plans, “but making a plan costs a lot of money and it’s not always very efficient”.
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