“Cape Town, as is the case with the country as a whole, will urgently need to come to terms with rapid and continued urbanisation over the next decades and the associated growth of informality in accommodation due to financial considerations of the lower- to medium-income groups.
“Cape Town has the added challenge of the lack of land due to the metro’s geographical location on a peninsula,” Plato said.
At a press briefing, Plato said at least R2.1billion had been set aside for formal housing and R4bn for the upgrade of existing informal settlements and addressing backyarders.
“The problem is people cannot jump the line in the housing list. Many of these people enter the City from other cities and demand that the City provide them with another subsidy,” Plato said.