In a recent city council address, Mayor Geordin HillLewis revealed that Cape Town has set a new record for infrastructure spending, with a whopping R6.94 billion invested during the 2022/23 financial year. This surpasses even the City’s investment during the FIFA World Cup, demonstrating its commitment to delivering on budgetary promises.
The Department of Public Enterprises (DPE) has welcomed the Competition Commission’s conditional approval for the strategic equity partner transaction between South African Airways (SAA) and Takatso Aviation Proprietary Limited. This deal will result in Takatso acquiring a 51% shareholding in the airline, which is a significant turning point for the revitalization process of SAA.
