The City of Cape Town has passed the Building For Jobs Budget 2024/25. In his City Council address, Mayor Geordin Hill-Lewis said the budget includes South Africa’s largest ever infrastructure investment by a metropolitan municipality, with a 75% pro-poor spend directly benefitting lower-income households in 2024/25.
‘With SA’s lowest unemployment rate and well over 300 000 jobs added since the start of this municipal term, Cape Town is already the city where a person is most likely to find a job, and we plan to do much more to grow our economy in the years to come to the benefit especially of lower income households,’ said Mayor Hill-Lewis.
‘At the beginning of this term of office, we committed to do more – to end load-shedding, to make Cape Town safer, release more land for housing, improve public transport, do the basics better, clean up our city and waterways, and make Cape Town the easiest place to do business in Africa.’ The widest qualifying criteria for lifeline electricity, at R500 000 property value, <R7 500 monthly income