Cape Town residents up in arms over the 7.96% increase in rates for commercial, industrial, and residential properties
By Rachel Mohamed Cape Town Mayor Geordin Hill-Lewis recently unveiled the City’s draft budget for the 2025/2026 financial cycle, dubbing it the "Invested in Hope Budget." The proposal, amounting to R84.1 billion, has sparked public outcry—particularly over the proposed rate increases. Among the key concerns is a 7.96% hike in property rates affecting commercial, industrial, and residential properties. Speaking on VOC’s PM Drive show, Independent Economic Analyst Professor Bonke Dumisa […]
