South African Capital Gets Pledges of $4.9 Billion to Boost City
The Union Buildings, home to the South African government and the offices of the President in Tshwane, South Africa.
Photographer: Guillem Sartorio/BloombergSouth Africa’s capital secured commitments worth 86 billion rand ($4.9 billion) to help upgrade the city, lift economic growth and create jobs.
The pledges for Pretoria – now known as Tshwane – include 16 billion rand for projects in a range of industries including property and the automotive sector, Mayor Nasiphi Moya told an investment summit on Wednesday.