DA-run Cape Town soars above every other metro, says ratings company

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Cape Town is the only South African city with the capacity to successfully weather the Covid-19 storm, a survey of the financial sustainability of metros has found.

Ratings Afrika gave the Mother City a score of 74 out of 100 on its sustainability index. The average was 48.

“This provides the resilience the city needs to provide services to its residents while also being able to survive multiple disasters such as droughts and pandemics. It is a beacon for the good governance practised in the city.” “This strong focus on debt collection is one of the key reasons for the high sustainability, and shows how important it is to think of the big picture when collecting rates and tariff income to ensure we can carry on delivering services and revitalising our local economy through capital programmes and infrastructure injections,” said Neilson.

“We are looking only at the financial results. We’re not looking at some kind of a political background. It is management, management, management that makes a difference here,” he said. “To the extent that any political party is in control of the council, as long as they give their managers – the right kind of managers, of course – the ability to do their jobs well, things will go well.”

 

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