SA’s City of Hope - Mayor GHL on the rise and rise of Cape Town

Loading player...
In December, 317,000 international visitors landed in Cape Town, a record for a single month. The multiplier effect on the local economy of so many visitors spending hard currency is enormous, supporting a virtuous cycle confirming good governance’s dividend. The city’s executive mayor, Geordin Hill-Lewis (37), fresh from a mini-speaking tour abroad at the invitation of his counterparts in New York and London, has just unveiled another initiative to support a campaign promise of making the city load-shedding free by 2026. The progress on electricity is one of numerous ways SA’s “City of Hope” has become a template for other Metros. GHL reckons it all begins with financial stability. He spoke to BizNews editor Alec Hogg.
6 Feb 2024 8AM English South Africa Investing · Business News

Other recent episodes

BN Edge | Lesaka is facing hard questions. Ali Mazanderani is answering them

Lesaka grew out of Net1, whose subsidiary's social grants contract ended up before the Constitutional Court. Now it wants to take deposits from the same grant recipients it lends to. In a follow-up to their strategy conversation, Alec Hogg put the harder questions to executive chairman Ali Mazanderani: who carries…
23 Oct 8AM 37 min

BN Edge | Donald MacKay unpacks the bureaucratic black hole in SA trade

A tariff investigation in South Africa is meant to take six months. Donald MacKay, whose XA Global Trade Advisors released its latest import duty report this week, told Alec Hogg the average had stretched to 40 months, and that the oldest open case was old enough to start school. He…
23 Oct 7AM 24 min

BizNews Ricardo Portfolio update: Afrimat, Clicks, Chubb, Teledyne

Alec Hogg went into this episode wanting to sell two shares. The rules he built for the Ricardo portfolios talked him out of at least one. In the first of a new run of Premium portfolio updates, he put four fresh sets of results through the same valuation test: Afrimat,…
22 Oct 8AM 41 min