South Africa : Cape Town named best city for opportunity in Africa

Cape Town, South Africa. Photo : RR

Johannesburg (ADV) – Cape Town’s position as an opportunity city was confirmed in the latest labour force survey results issued by Statistics SA.

Price Waterhouse Coopers (PwC) has recognised Cape Town as the top opportunity city in Africa and placed the city 6th among middle-income country cities, behind Beijing, Kuala Lumpur, Moscow, Shanghai, and Mexico City, mayor Patricia de Lille said on Sunday.

“Today [Sunday], I am encouraged to see that Cape Town is recognised as Africa’s opportunity city, but in order for us to stay globally competitive we need to take the city to the next level and create opportunities for all,” De lille said.

A key intervention was for the city to decisively address apartheid spatial planning that kept the majority of residents away from opportunities to jobs, good education, and healthcare. “We also need to improve safety in these communities and support business development,” she said.

The city should be a catalyst for better integration of communities by speeding up release of the 11 identified pieces of land in Woodstock and the city centre while developing the Foreshore freeway project. More pieces of government-owned land should also be made available for the development of affordable housing. This would bring more Capetonians closer to opportunities, increasing the talent offering to international companies wanting to invest here.

Cape Town’s standing as an opportunity city was confirmed in the latest labour force survey results issued by Statistics SA.

The report found that employment in the metro grew 4.8 percent year-on-year. Cape Town was also the metro with the lowest expanded unemployment rate at 22.6 percent, far below the national rate of 37.2 percent, De Lille said.

However, PwC Africa’s head of cities and urbanisation Jon Williams was correct to say, “Cape Town is at a crossroads between African problems and global ambitions. Its future success will depend on its ability to solve longstanding problems at home while keeping up with a rapidly changing world.” These longstanding problems included access to opportunities for the majority of residents.

At the end of the 2017/18 financial year in June 2018, the city, for the first time in its 18-year history as the metro government, exceeded its housing delivery target by 62 percent.

Bur-csa – Nomsa Mdhluli – ADV