South Africa – On Sunday, Mayor Patricia de Lille revealed that the PriceWaterhouseCoopers (PwC) has recognised Cape Town as the top opportunity city in Africa.
She added that Cape Town has placed the city 6th among middle-income country cities, behind Beijing, Kuala Lumpur, Moscow, Shanghai, and Mexico City.
De Lille said: “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.
We also need to improve safety in these communities and support business development”.
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.