R26 billion in funding by 2029 for Tshwane

THE City of Tshwane's new economic revitalisation strategy aims to boost the local economy by attracting between R17 billion and R26bn in investments by 2029, with a projected growth rate of 3.9%.

- RAPULA MOATSHE

Executive Mayor of Tshwane, NashiphI Moya, expressed optimism about the efforts to increase economic growth through the new economic strategy approved during a special council sitting on Thursday.

She said: “Tshwane's strategy is our roadmap to revitalising our economy by enhancing resilient, inclusive and sustainable economic growth through the provision of economic infrastructure, economic diversification, creation of more job opportunities and increasing the ease of doing business in our city.”

Moya highlighted the city's economic decline, from a 6% growth rate in 2011 to a mere 0.3% in 2023, adding that the municipality will go a long way in putting economic growth back on an upward trajectory.