Business News

Dagada

Jozi gets mega bucks

pictures by Enoch Lehung

Nie Cele

Andile Zingitwa
A whooping R55.9 billion medium term budget for the City of Johannesburg was tabled by Member  of  the Mayoral Committee for Finance, Rabelani Dagada at the council chambers in Braamfontein.

 

This was the maiden budget by the new coalition administration led by the Democratic Alliance (DA) since winning the local government last year.

 

At first Dagada noted that and said, Of significance was that it was happening for the first time in the City’s history.

Furthermore Dagada, hinted that this coalition government was made up different political parties who brought a diversity of solutions to challenges facing the City’s residents.

 

Stressing that this budget was for the pro-poor forgotten people.

 

He said,“We will ensure that the forgotten people of Johannesburg are placed at the heart of our agenda. We are resolute in our mission to deliver quality services, especially where there were none before.”

 

The MMC also pointed out that his administration was  committed to creating an enabling environment for businesses to flourish and become the employers of the people.

 

“We will not rest until we root out corruption and ensure that every cent of public money goes to those who need it most, our people.”

 

ANC’s shadow finance Spokesman Jeff Makhubo, came out gun’s blazing and blasted the budget speech saying it was actually an ‘anti poor budget’.

 

See below how the City’s entities allocations for 2017/2018 .

 

 

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City Power               |R15.5 billion

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Joburg Water             |R9.6 billion

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Pikitup                  |R2.4 billion

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Housing Dept             |R847 million

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JOSHCO                   |R152 million

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Metro Trading Company    |R385 million

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Joburg Market            |R373 million

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Joburg Property Company  |R899 million

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Transport                |R1.5 billion

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Metrobus                 |R706 million

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Joburg Roads Agency      |R1.1 billion

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Development Planning     |R327 million

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Joburg Development Agency|R108 million

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Public Safety            |R3.3 billion

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Health                   |R941 million

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Social Development       |R208 million

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Community Development    |R1 billion

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Joburg Theatres          |R160 million

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Office of the Ombudsman  |R46 million

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City Parks and Zoo       |R892 million

 

 

 

 

 

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