STATEMENT BY THE CITY’S EXECUTIVE MAYOR, PATRCIA DE LILLE
Today, 12 July 2017, the City of Cape Town’s inaugural green bond of R1 billion went on auction from 09:00 – 11:00 in a closed bidding process.
Within two hours, 29 investors made offers totalling R4,3 billion in response the R1 billion that was being sold. The R1 billion cleared at 133 basis points above the R186 government bond.
This response from the market was overwhelmingly positive and demonstrates the great appetite among investors to invest in sustainable projects.
The market’s enthusiasm is also a resounding vote of confidence by investors in the City’s governance, strong financial standing, and ability to deliver on sustainable projects.
Today’s auction is a demonstration that it pays to go green. This is a first for Cape Town and South Africa. It has been a tremendous learning curve and it proves that there are many innovative ways to raise the finance to address infrastructure needs and to respond to climate change.
In line with our Organisational Development and Transformation Plan’s governance principles to enhance resilience and sustainability and improve resource efficiency, green bonds will certainly be the way forward for us in terms of how we finance projects. Continue reading
A new smart park in Atlantis, the fifth of its kind in the city, was built at a cost of just over R12 million and officially opened to the public today. Read more below:
The City of Cape Town today, 12 July 2017, officially opened a new smart park in Atlantis.
This is the fifth suburb to benefit from the park design that resulted in the City’s Recreation and Parks Department receiving an award for excellence from the Institute for Landscape Architecture two years ago.
Smart parks are about bringing quality, durable and creative facilities to previously underserved communities and providing something for everyone – whether they’re after passive or active recreation. The City’s Organisational Development and Transformation Plan prioritises safe, integrated communities and excellence in basic service delivery and the smart parks embody all of these priorities.
Built at a cost of just over R12 million, the park in Atlantis boasts a multipurpose lawn area with large trees that provide shade for picnics and general relaxation. The play area features custom-designed equipment for toddlers as well as an adventure play area for older children. For the lovers of sport and exercise, there is a synthetic pitch and multipurpose court that can accommodate various sporting codes, an outdoor gym for calisthenics, and pathways for a leisurely stroll or jog. Continue reading
Drought crisis: recent rain has made little difference, please keep saving
Dam storage levels are at 25,4% but useable water is only at approximately 15,4% which is very low for this time of the year. Collective water usage is 619 million litres per day. This is 119 million litres above the new target of 500 million litres of collective water usage under Level 4b water restrictions. Read more below:
Water users must take note that over the past month, since 6 June 2017 when dam storage levels were at 19,4%, our dam storage levels have only increased by 6%
The City requires all water users to use less than 87 litres of water per person per day in total, irrespective of whether they are at home, work or elsewhere.
‘We encourage friends, neighbours, families and colleagues to join efforts and to see how they can brainstorm new ways of saving water to bring water usage down even further to below 87 litres of water in total per person per day, wherever they are. Peer-monitoring could also be a good way to keep motivation levels high.
‘Our plans of potentially partnering with the private sector to create a short-term emergency water supply using desalination, stormwater capture or aquifer extraction are also progressing. Today is the closing date for responses in terms of the Request for Information to the private sector which we issued to see how partnerships can help us with our short-term emergency supply schemes. All submissions will be analysed from this week onwards. More information on the submissions received and the future processes will be made available at the appropriate time,’ said the City’s Mayoral Committee Member for Informal Settlements, Water and Waste Services; and Energy, Councillor Xanthea Limberg. Continue reading
As of 1 July 2017 approximately 40 000 customers with property values between R400 000 and R1 million were moved from the subsidised Lifeline Tariff to the Domestic Tariff to ensure that the City is able to assist those who are truly vulnerable in a sustainable manner. Read more below:
This is the final phase of the migration to the Domestic Tariff which has been taking place over the last few years to guarantee that only our most financially vulnerable customers are subsidised. This will ensure that the City of Cape Town is run in a sustainable manner.
Only households that meet the following criteria now qualify for subsidisation via the Lifeline Tariff:
- Municipal property valuation less than R400 000
- Consumption is less than 450kWh a month on average
- Premises supplied via a prepaid meter
*Customers who are in receipt of a pensioners’ or disabled persons’ rates rebate will still be able to apply for the Lifeline Tariff irrespective of their property valuation, provided their average monthly consumption is less than 450kWh including any free electricity that may have been provided. Continue reading
The City of Cape Town’s Director for Water and Sanitation has issued a directive to all consumers to adhere to Level 4b water restrictions, to restrict their total usage per person per day to less than 87 litres, wherever they are, and to warn excessive users that non-compliance will result in the installation of water management devices on their premises. Read more below:
This comes as dam levels remain critically low and climatic conditions uncertain while water usage continues to be too high. Water reserves must be built up while there is still water.
The directive further empowers the City to install water management devices on premises where the water usage is unjustifiably excessive with respect to the restriction level.
‘Engagements will continue with excessive users and letters will be sent to them soon. Where they cannot reasonably explain the need for the excessive use, in accordance with Level 4b restrictions, we will restrict the water flowing to their property.
‘There is definitely room to save more water especially if one looks at the high users. So many of our residents are super-savers and of course they must please continue to think of creative ways to save more water. Many households have repaired leaks on their properties following our direct engagements with them, but for those who continue to ignore our warnings and the law, we will be limiting their supply,’ said the City’s Executive Mayor, Patricia de Lille. Continue reading
Loosehead prop Kitshoff returns from a two-year spell in France to rejoin the only union he ever represented in South Africa, whilst flank Kolisi and centre De Allende have both signed two-year contract extensions.
Pic: Getty Images
All three players came through the system at DHL Newlands, playing junior rugby for the union before going on to represent DHL Western Province, the DHL Stormers and the Springboks with distinction.
The trio join the likes of hooker Bongi Mbonambi, prop Frans Malherbe and locks Eben Etzebeth and Pieter-Steph du Toit in committing to Western Province Rugby until 2019.
Director of Rugby, Gert Smal, said that these signings are vital for the long-term vision at DHL Newlands.
“We have a strong group of senior players that will take us forward in the next few years and provide crucial guidance for the young talent we have coming through the ranks all the time,” he said. Continue reading
An elderly lady in her late 60s tragically passed away and several others received treatment for shock from Western Cape Government Health Emergency Medical Services when a section of an old age home, Huis Lizelle in Bain Street, Wellington caught alight just before 02H00 this morning . All other residents at the facility are unharmed, present and accounted for and the cause of the fire is being investigated.
WARNING TO ALL WATER USERS IN CAPE TOWN
The City of Cape Town calls on all water users to reduce their consumption immediately in line with the new Level 4b water restrictions that have been implemented. This comes as the latest water usage figures show unacceptably high consumption at 634 million litres of collective water use per day. Read more below:
Dam levels remain critically low and we must build up our reserves while we still have water.
Dam storage levels are at 25,3 % but usable water is only approximately 15,3% which is very low for this time of the year and especially considering that a harsh summer has been predicted for 2018.
Water users must take note that our dam storage levels have only increased by 0,8% this week.
The City requires all water users to use less than 87 litres of water per person per day in total, irrespective of whether you are at home, work or elsewhere. Level 4b restrictions which came into effect on 1 July 2017 will be used to drive down water usage to 500 million litres of collective water usage per day. Continue reading
WARNING TO ALL WATER USERS IN CAPE TOWN
The City of Cape Town advises all water users that stricter water restrictions will come into effect from tomorrow, 1 July 2017. Level 4b restrictions will be used to drive down water usage to 500 million litres of collective water usage per day which is required as dam levels remain critically low and reserves need to be built up during winter for the expected harsh summer months ahead. Read more below:
In supporting Level 4b restrictions, the City requires all water users to immediately use less than 87 litres of water per person per day in total, irrespective of whether you are at home, work or elsewhere.
‘We cannot thank all of those water users enough who have been shining water ambassadors over the past months and who have helped us to drastically reduce our water usage.
‘But, as we are expecting a very dry summer 2018 and rainfall probability and volume remain incredibly uncertain, we must cut our water use even more to save as much water as we can while we still have water. We ask all users to use less than 87 litres of water per person per day in total whether you are at home, work, school or elsewhere. Importantly, this target is not only for home use.
‘This is part of our continuing proactive drought management interventions, along with intensifying the large-scale pressure reduction programmes across Cape Town to force down consumption. Other emergency interventions are under way.
‘However, there are many domestic consumers who are still using well in excess of 20 000 litres per month per household. We have been monitoring and engaging with high users and we will be issuing letters to them to warn them that we will be installing water management devices at properties with unjustifiably high consumption to limit their water use to acceptable levels,’ said the City’s Mayoral Committee Member for Informal Settlements, Water and Waste Services; and Energy, Councillor Xanthea Limberg.
Water management devices would be installed in terms of a directive issued by the Director: Water and Sanitation in terms of the Water By-law, clause 36 (1) (a) and (b). Continue reading