Cape Town continues to lure investment – report
Cape Town – Despite challenging economic times, Cape Town’s central city has continued to lure investments in the past year, according to the State of Cape Town Central City (CCID) Report.
Now in its fourth edition, the report reflects on the economic activities that took place in Central Cape Town in 2015, as well as commercial and residential property trends.
INFOGRAPHIC: The future of Cape Town
The CCID is a non-profit, public-private partnership that was formed by local property owners who wanted Cape Town to once again take its rightful place as a safe and “open for business” environment.
INFOGRAPHIC: Cape Town boom town
In recent years, Cape Town has once again become renowned as one of the most vibrant and safest CBDs.
A range of business sectors operates in the Cape Town Central Business District (CBD). In an area of 1,6 km² the CBD has:
– 1 200 formal retail business;
– 900 informal trading businesses;
– more than 6 000 residents.
A quarter of the broader City of Cape Town’s entire economy takes place in the central city, while 30% of the total workforce is situated there.
Cape Town has in the past years become the top hiring hub for start-up and technology firms and more than 50% of start-up jobs are being advertised in Cape Town, as opposed to 34% in Johannesburg.