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President Ramaphosa credited coordinated efforts for eThekwini’s economic recovery, citing tourism growth, business confidence, and infrastructure upgrades, while launching a similar initiative for Johannesburg with R27.7 billion in investments.
President Cyril Ramaphosa credited the eThekwini Metropolitan Municipality’s recovery to coordinated leadership and multi-sector collaboration, citing improved business confidence, a surge in tourism, and infrastructure upgrades since the 2024 establishment of the Presidential eThekwini Working Group.
He highlighted a record-high business confidence index, nearly 16% growth in manufacturing confidence, and over 1.2 million tourist visits during the festive season.
A similar working group was launched for Johannesburg, and R27.7 billion will be invested over three years in critical services.
While acknowledging ongoing financial instability in two-thirds of municipalities due to weak revenue management and rising debt, Ramaphosa emphasized reforms, including a review of the White Paper on Local Government, to strengthen governance and service delivery.
El presidente Ramaphosa acreditó los esfuerzos coordinados para la recuperación económica de eThekwini, citando el crecimiento del turismo, la confianza empresarial y las mejoras de la infraestructura, al tiempo que lanzó una iniciativa similar para Johannesburgo con R27,7 mil millones en inversiones.