The City of Cape Town plans to invest more in infrastructure than all three Gauteng metros combined over the three years. Cape Town Mayor Geordin Hill-Lewis says the City’s R29.7 billion budget is 80% larger than Johannesburg’s (R22 billion) and 98% larger than eThekwini (R20 billion).
The City of Cape Town plans to invest more in infrastructure than all three Gauteng metros combined over the three years.
‘We expect to create around 130 000 jobs over three years via infrastructure investments linked to our new Building for Jobs Budget,’ he said in a‘These new jobs are purely based on construction alone and are just a small part of the economic benefits ahead for Cape Town as we prepare to overtake Johannesburg as South Africa’s most populous city.
Hill-Lewis adds that lower-income households and areas are set to benefit from around 75% of the City’s infrastructure spending throughout 2024/25.
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