South Africa: 2010 costs to delay improvements
source: IOL
November 10 2008 at 08:01PM
By Lindsay Dentlinger
The burden placed on the City of Cape Town to meet the shortfall of R1,9-billion over the next three years to host the 2010 World Cup could delay the improvement of services in the city next year and the appointment of staff.
The city’s 2010 team is expected to submit a revised budget requirement list to the council’s budget committee this week, after telling the committee on Friday that it needed R450-million more in operational spending during the 2009/10 financial year to meet shortfalls on developing the stadium precinct, the Green Point common and the urban park.
Meeting these requirements alone would require an extra 27 percent in the city’s rates income.
Budget committee chairperson Ian Neilson said the [continue reading]
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