Pretoria - The city of Tshwane is experiencing a building boom, despite a sluggish local and global economy, Mayor Kgosientso said on Thursday.
"The number of building plans approved has doubled between the 2010/11 and 2014/15 financial years, representing a growth rate of 103%," he said during his State of the City Address.
This amounted to R81bn in approved building plans over the period, excluding the value of land. Over R15bn worth of building plans were approved between July 2015 and March 2016 alone. The private sector component of the approvals amounted to almost R71bn, Ramokgopa said.