Press Release: City budget

MEDIA RELEASE

26 May 2014, Gauteng, SA

Member of the Mayoral Committee (MMC) for Finance in Joburg, Councillor Geoffrey Makhubo, will present a R32 billion City budget at the Joburg Theatre tomorrow, 27 May.

The budget will rank as the biggest ever delivered by a South African municipality, cementing Joburg as a World Class African City and the economic hub of the continent.

It is expected to give substance to the theme developed by Mayor Parks Tau during his State of the City Address of Joburg as a City at Work. The budget will include infrastructure spend for projects detailed in the Integrated Development Plan and the Growth and Development Strategy.

MMC Makhubo speech will detail the City's Capital Expenditure in the coming year, including the amount of money to be spent maintaining the City's aging infrastructure.

Of particular interest to business and households will be the rate of increase in water, electricity, refuse and sanitation costs.

This increase will be partly offset by rebates for business and the elderly.

MMC Makhubo's Budget Speech will be broadcast live on the following Community Radio Stations:

Alex FM  89.1
Eastwave FM  92.2
Eldos FM  87.6
Jozi FM  105.8
Mix FM  93.8  
Lenz FM  93.6
Radio Today  AM 1485 & DSTV Audio Channel 169
Thetha FM  100.6
UJ FM  95.4
Rainbow FM  90.7
Voice of Wits FM  90.5

Analysis of the speech will follow on other Radio Stations, including Lesedi FM, Ukhozi FM and Kaya FM.

Source: Joburg.org.za