Tshwane Mayor Moya details growth plans for the City
South Africa’s capital, Tshwane has an ambitious plan growth its economy by 3.9 per cent, attract up to R26 billion in new investments and create 80,000 jobs by 2029. This was revealed recently by the Cities Executive Mayor Nasiphi Moya in her State of the City Address. But the City has been dogged by service delivery challenges, high municipal debt and received a qualified audit in its last accounts. Joining CNBC Africa discuss the turnaround plan is Mayor Nasiphi Moya, Mayor of the City of Tshwane.
Thu, 17 Apr 2025 11:26:45 GMT
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AI Generated Summary
- Tshwane aims to boost its economy by 3.9% and attract R26 billion in investments by 2029, despite facing service delivery challenges and high municipal debt.
- The city is taking steps to stabilize its finances, with a focus on implementing a fully funded budget and reducing its debtors' book through proactive engagement with residents.
- Negotiated payment agreements with entities like ESCOM are helping Tshwane settle outstanding debts and pave the way for sustainable financial management.
South Africa's capital, Tshwane, under the leadership of Executive Mayor Nasipi Moya, is embarking on an ambitious plan to boost its economy by 3.9 per cent, attract up to R26 billion in new investments, and create 80,000 jobs by 2029. In a recent State of the City Address, Mayor Moya outlined the city's turnaround strategy, aiming to address financial woes, service delivery challenges, and municipal debt. Despite facing hurdles such as a qualified audit on its last accounts, the city is pushing forward with resilience and determination.
One of the primary focuses of Mayor Moya's administration has been to stabilize the city's finances. Tshwane had been operating with an unfunded budget for four years, leading to a growing debt burden and diminished service delivery capacity. By implementing a fully funded budget with a surplus, the city is taking concrete steps towards financial health and sustainability.
Furthermore, Mayor Moya and her team have been proactive in engaging with residents to address outstanding debts. Through a debt relief scheme and amnesty for illegal connections, the city has seen a reduction in its debtors' book. By offering waivers and payment arrangements, Tshwane is not only improving revenue collection but also supporting households and businesses impacted by the COVID-19 pandemic.
In terms of outstanding debts to entities like ESCOM, Tshwane has negotiated payment agreements to settle arrears and prevent further financial strain. By adhering to these agreements and prioritizing current account maintenance, the city is making significant progress in reducing its liabilities and restoring financial stability.
Looking ahead to the city's growth targets, Mayor Moya emphasizes the crucial role of businesses in driving economic development. By fostering partnerships with key sectors and streamlining approval processes, Tshwane aims to attract investments and support local enterprises. Initiatives like the VIP line for businesses experiencing service disruptions demonstrate the city's commitment to ensuring a conducive environment for commercial activities.
Amidst the political uncertainties at the national level and past leadership transitions within the city, Mayor Moya remains focused on institutionalizing interventions to ensure continuity and stability. By involving multiple departments in the economic revitalization strategy and emphasizing the importance of long-term planning, Tshwane is laying a strong foundation for sustained growth and prosperity.
While challenges persist, Mayor Nasipi Moya's leadership and strategic vision offer hope for a brighter future for the City of Tshwane. As the city navigates complex economic dynamics and works towards its ambitious goals, collaboration, innovation, and a steadfast commitment to good governance will be key to realizing Tshwane's full potential.