PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
RickCrouch
 
Comments: 7
Article views: 2397
 
 
Latest Badges:

 
View all RickCrouch's badges.
 

Why Durban is the most expensive city

09 June 2013, 18:56

The reason Durban is the most expensive city lies squarely at the feet of the ANC lead eThekwini Council. They do not have the political will to make the difficult decisions required to make Durban competitive.

Durban has a static rates base, even the cities own budget document proudly proclaims that the rates base will only increase by 1% this financial year. And with only 400,000 ratepayers that is an increase of only 4000 ratepayers this financial year.  This 1% has been the foretasted increase for the past few years.

Taking into account the latest StatSA Census figures only 13% of adults in eThekwini are ratepayers, anyone can see how this is not sustainable in the long term.

It is no coincidence that Johannesburg has the lowest rates randage at 0.557 and its rates base sits at 800,000. With Durban’s rates randage at 0.976 it is obvious that Johannesburg’s rates randage is half that of Durban and its rates base is double. Not only is Johannesburg’s rates randage half of Durban’s but it’s percentage of increase at 5.3% is lower than Durban’s which is 6.9%.

To survive Durban has to attract new ratepayers and businesses to the city, a good place to start would be those businesses in Johannesburg that find it cheaper to truck their product from the port to Johannesburg rather than to setup their operations in Durban.

Financial incentives would be a good place to start, when the question was asked of officials in Economic Development the answer received was “we cannot do that because current businesses would be upset that they were not getting the financial incentives” which of course is absolute nonsense.

Secondly Durban has to be competitive, our rates and tariffs have to be reduced over time to at least the level of Johannesburg’s , as a city we will have to tighten our belt but in the long term we will have more ratepayers and rates income than we will know what to do with. Once again this requires the political will so lacking in eThekwini.

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
7 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Grenville Salmon
Uber making waves

Uber; Don’t be a Hater - It’s a Job Creator Read more...

0 comments 71 views
Submitted by
ShockJock
Where there is smoke, there is fi...

Graeme Smith the uber-boychie is just too too cool for school but is a devoted father looking out for his children's best interests. (Opinions expressed not necessarily those of News24)  Read more...

3 comments 236 views
Submitted by
Robin
Waiter, service Please!!

The average restaurant pays the waitrons anything from 1 - 3% commission on their personal turnover. Read more...

2 comments 307 views
Submitted by
Johan Erasmus
Mandela's legacy

Our great leader is gone, and I hope and pray that someone like him, black, white, coloured, Indian, I don't care; take the rightful spot.  Read more...

10 comments 190 views
Submitted by
Antonius Stark
South Africans - Delusional?

South Africa, as a country, is in trouble. It's not just because of the so-called "leadership" - though that is a massive factor - the citizenry has its own role to play in this sorry state of affairs. Read more...

20 comments 1905 views
Submitted by
Roux de boy
Roux de Boy, The Misanthrope.

The burning desire to rid the world of the evil that he is himself, the living-breathing and fleshy human being.  Read more...

6 comments 189 views
 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

TV Get us in your home, on your television.

 
Interactive Advertising Bureau
 
© 2015 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.