City's flagship entities taking financial strain as the pandemic rages on
Cityâs flagship entities taking financial strain as the pandemic rages on By Bulelwa Payi Share Two of the Cityâs major entities are facing severe cash flow problems and are struggling to cover operations as Covid-19 has laid waste to the economy. The Cape Town International Convention Centre (CTICC), ranked number 1 in Africa by the International Congress and Convention Association, has been granted a lifeline of R200 million by the City. The entity is unable to conduct its business operations due to the limitations posed by the Covid-19 regulations. According to the City,...
Source: iol.co.za