City of CT tables R11bn budget, sets aside R2.3bn to mitigate power cuts

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City of CT tables R11bn budget, sets aside R2.3bn to mitigate power cuts
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Cape Town Mayor Geordin Hill-Lewis said that the budget was open for public comment until 5 May.

CAPE TOWN - The City of Cape Town mayor, Geordin Hill-Lewis, on Wednesday tabled R11 billion rand capital expenditure budget for the 2023/2024 financial year.The total budget for the next three years of 2023/2025 is projected at R70 billion.Hill-Lewis said that the budget was open for public comment until 5 May.

"We have called our budget for 2023, the 'building hope budget' because it centres on a record R10.9 billion infrastructure investment budget for this year alone, surpassing even World Cup spend as we aim to ramp up infrastructure spending in our city to improve basic services for the poor and to keep ahead of Cape Town's massive population."

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