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building for jobs budget

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Business

An Uncompromising Pledge to Progress: Cape Town’s Building for Jobs Budget 2024/25

by Isabella Schmidt
May 31, 2024

Cape Town’s Building for Jobs Budget 2024/25 is a cuttingedge fiscal plan aimed at benefiting lowerincome demographics, committing 75% of total expenditure to them. It aims to create 130,000 constructionrelated jobs in the next three years and includes propoor infrastructure spending of R9 billion, outshining any other city. The budget also prioritizes investments in Cape Town’s most rapidly expanding and deprived areas, leading the way in free basic services and property rates, and is a testament to Cape Town’s commitment to its citizens, envisioning a brighter, more inclusive future.

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