The Business Hub  

Join Cape Town’s thriving business community and pave the way for your own success story. 

Economists have long emphasised the importance of small businesses and entrepreneurial spirit in driving economic growth. Not only does this alleviate the burden of job creation on national entities but it also provides opportunities to individuals who may not be able to secure employment at larger corporations. 

Additionally, local business investment opportunities can be incredibly lucrative for financiers and investors. 

Small, Medium, and Micro Enterprises (SMMEs) are widely recognised as a crucial driving force for social and economic stability in South Africa and play a significant role in creating small business success stories. 

Recognising their importance for social and economic stability, policymakers have increasingly focused on supporting SMMEs. A prime example of this is the Broad-Based Black Economic Empowerment (BBBEE) initiative, particularly its focus on enterprise and supplier development. These pillars, coupled with appropriate tax policies, have resulted in SMMEs making a considerable and important difference to the South African economy. 

Because of these efforts, the small business sector has made a significant contribution to the growth of the South African gross domestic product (GDP). In the last three and a half years, the City’s funding partnerships with high-growth industry organisations facilitated R25.4 billion in investments, creating 32,300 jobs in Cape Town. In the City’s new ‘Building for Jobs’ Budget 2024/25, over R64 million is proposed to support partner organisations driving skills and job creation in high-growth industries, including call centres, tourism, manufacturing, the green economy, and more. 

Small Business Development in Cape Town 

With a thriving economy, maturing business sectors, and successful entrepreneurs in Cape Town, the city is the ideal location for SMEs to flourish. However, sustaining this growth and ensuring ease of business requires continued support.

Fortunately, there are several initiatives and incentives in place that make entrepreneurial innovation even more accessible, including: 

• A nurturing culture: School-level funding and competitions encourage young entrepreneurship. 
• Formalised trading: Designated areas and licensing ensure order and safety for informal traders. 
• Networking opportunities: Numerous events and exhibitions connect entrepreneurs and facilitate collaboration.  
• Financial incentives: The Western Cape Government offers loans, grants, and incentive schemes to fuel business growth. 
• Mentorship programmes: Established initiatives connect aspiring entrepreneurs with experienced mentors. 

The City of Cape Town’s Small Business Support Office 

Our Business Hub team is committed to offering steadfast support and expert advice to numerous small businesses across Cape Town. As the City spearheads the establishment of start-up funding entities and financial services flourish, our comprehensive support system stands ready to provide immediate guidance tailored to the needs of small to medium enterprises and aspiring entrepreneurs. 

We work tirelessly to promote entrepreneurship and connect businesses with support organisations, investors, and entrepreneurship programmes. This can make a significant difference in finding the right financiers, suppliers, and partners within the region, creating employment opportunities in Cape Town. 

Our office provides practical advice on finding small business funding in Cape Town and assists with navigating the legalities involved. Our team is committed to helping you find the support and resources needed to grow your small business. 

Additional Resources for Small Business Investment in Cape Town  

Looking for additional resources to help your small business or start-up in Cape Town?

The Western Cape offers a wealth of resources for entrepreneurs, including: 

• Finfind: This user-friendly platform connects businesses with over 200 lenders and 350+ financing options to find the perfect fit. 
• Red Tape Reduction Helpline: Call 0861 888 126 or email
  
  re*****@we*********.za
  
  
  
  
  
  
  
  
  
  
  
  for assistance streamlining business setup. 

While the city does not provide start-up funding, our Business Hub service offers valuable advice and support. 

Ready to thrive? Contact us at

bu**************@ca******.za











  or +27 21 417 4043 to learn more about Cape Town’s vibrant small business and start-up hub.