The metro’s mayor announced that of the city’s R70 billion draft budget for the 2023/2044 financial year, R2.3 billion was committed to mitigate load shedding.
FILE: He said that the budget was open for public comment until 5 May. Picture: @geordinhl/Twitter
CAPE TOWN – Mayor of Cape Town Geordin Hill-Lewis said that he was confident the city would be the first metro to break away from the suffocating load shedding.
Hill-Lewis tabled a draft budget to the amount of R70 billion for the 2023/2024 financial year.
An amount of R11 billion was allocated for the city’s capital expenditure.
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In addition, the mayor also committed R2.3 billion to mitigate load shedding.
“The National Energy Regulator of South Africa announced an 18.65% increase for municipalities across the country. We have looked at that and we have seen what can we do to help shield the blow a little bit.
“For all consumers, we are doing a [17.6%] increase, so we have absorbed a little bit of the blow. We know that it’s a small consolation.”
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However, he said that the budget was open for public comment until 5 May.