According to an analysis of each metro's 2024/25 draft budgets, the City of Cape Town has the lowest property rates for commercial, industrial, and residential properties.
According to an analysis of each metro’s 2024/25 draft budgets, the City of Cape Town has the lowest property rates for commercial, industrial and residential properties.The cent-in-rand rate is a statutory formula that municipalities use to calculate property rates. The formula calculates how much a person would pay in rates for each rand of their property value.
Cape Town’s property rates are 32% lower than the next metro, Johannesburg, for commercial, 36% for industrial, and 28% for residential properties. ‘There are many opportunities to explore in manufacturing, the green economy, call centres, events, hospitality, technology, retail, and much more.’ ‘Our mission is to make Cape Town work by investing, on an unprecedented scale, in the city’s infrastructure – with projects worth R120bn over ten years, as we prepare to overtake Joburg as SA’s most populous city and economic hub.’
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