LETTER: Cape Town must use its wealth to help the poor
Investment in sensible urban projects will ultimately pay for itself
Brian Kantor develops an important argument for the City of Cape Town to spend more on infrastructure and services to maintain property values for ratepayers in the city (“More public-private partnerships, please (https://www.businesslive.co.za/bd/opinion/columnists/2021-06-03-brian-kantor-more-public-private-partnerships-please-cape-town/)”, June 4).
The city has plentiful reserves and a low level of debt, in stark contrast to the weak financial position of the national government. However, the case for Cape Town increasing its spending — both by using more of its reserves and additional borrowing — goes beyond protecting the property values of existing ratepayers...
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