Cape Town Mayor, Dan Plato, has announced that over R2 billion has been set…

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Cape Town Mayor, Dan Plato, has announced that over R2 billion has been set aside for the development of new housing opportunities over the medium term. Plato briefed the media in Cape Town on the city’s future housing plans over the next three years. He says R590 million budgeted for the current financial year is set aside for the allocation of 36 housing developments which are either in the planning phase, underway or in the process of being finalised. Plato says another R4 billion has been allocated for the development of informal settlements. Plato says R850 million of the R4 billion rand is set aside for upgrades to informal settlements and backyard services: “Couple of issues very important for the City of Cape Town, is to provide as many housing opportunities and for that purpose we budgeted R2.1 billion rand for new housing opportunities. The R4 billion will never be used in one financial year, we phased it in a period of three to four years.” The city has also called on community members to report any victimisation such as renting shacks, or paying exorbitant amounts for electricity or paying for illegal electrical connections.


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