“The CCID needs to invest in its infrastructure so that it is able to meet the challenges it will face in the next five years,” said CCID chief executive Tasso Evangelinos. “The CCID’s current five-year plan, which ends in July 2020, is based on a budget approved in the 2014/15 financial year.”
The CCID’s 2018/19 annual budget is R60624218. The City was asked to support a 12.5% increase, which would include an annual inflationary increase.
The bulk of the additional budget would be spent on the critical areas of safety and security, social development and urban management.
“The CCID has a mandate to provide top-up services to our primary partners, namely the City of Cape Town and the SAPS, and together we have been successful in ensuring the CBD is regarded as the safest downtown in the country,” Evangelinos said.