Johannesburg Mayor Parks Tau says new forms of mobility are needed to ensure the escalating cost of traffic congestion is brought to a halt.
Tau says as it stands, the economic impact that results from congestion in the whole of South Africa is over 1 billion rand.
He said Johannesburg accounts for the highest loss with more than 1.5 million vehicles registered across the metropole
He added that as the city's economic hub and Africa's richest square mile, Sandton was under threat of becoming a giant parking lot and subsequently collapsing Johannesburg's economic well being.
Speaking at the launch of the EcoMobility World Festival and Transport Month in Sandton, Tau said a number of roads in the city's northern economic hub had been closed off to private vehicles for October.