Johannesburg reports 91% revenue collection and infrastructure plans
What happened
Parks Tau, the Executive Mayor of the City of Johannesburg, reported that the city's revenue collection rate had improved to 91%, resulting in cash exceeding R800 million for the first ten months of 2013. Tau also announced plans to resurface roads in major areas, including Sandton and Rivonia, and commit to installing 110,000 solar water heaters in low-income households over three years.
From sanews.gov.za
Why it matters
The city stated it was attracting new investments while simultaneously working to root out corruption, having opened 23 criminal cases and conducted 30 disciplinary hearings. Improved municipal governance and increased revenue collection could boost national investment confidence in South Africa.
From sanews.gov.za
Who's involved
- Parks TauExecutive Mayor of the City of Johannesburg
- JohannesburgCity where revenue collection and infrastructure projects are being implemented
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- SandtonSpeculative
Sandton might see improved economic conditions due to municipal infrastructure investment, such as road resurfacing.
- South AfricaSpeculative
South Africa could see increased investment confidence due to improved local governance and revenue collection.
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The entities involved
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Parks Tau
South African politician
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Sandton
area situated within the metro of Johannesburg, Gauteng, South Africa