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ECONOMIC LANDSCAPE

The city is digitally connected, offers a favourable lifestyle, sound infrastructure, a skilled and energetic workforce, four top universities and two globally recognised business schools. The world-class central business district is a safe, bustling centre of commerce and retail activity.

Cape Town’s economy is the second largest municipal economy in South Africa and the second most important contributor to national employment.

We are:

  • the second busiest container port in SA and the second busiest airport in SA;
  • a service-driven economy with established business culture and clustering of financial institutions;
  • strategically positioned on the west coast of Africa;
  • a powerful skills pipeline; and
  • the best place in Africa for hi-tech.

We have:

  • good public transport linkages in the city;
  • soundness of banks rated third in the world by the WEF;
  • scenic beauty and natural sights that attract international visitors and make the city globally recognisable;
  • three major universities in the metro region. One of these is the top-ranked university in Africa, and the second highest ranked university in South Africa is located just outside the metro boundaries in the historic and beautiful town of Stellenbosch.

We service:

  • large agricultural surroundings and act as a processing centre,
  • trade and retail hub of farming products.

Downloadable Resources

Economic Performance Indicators for Cape Town – Q3, 2018 

Economic Performance Indicators for Cape Town – Q2, 2018

ECAMP Circular 2017

Shared economy in Africa – Wesgro, Sept 2017

 

The biggest economic sector, by value, in Cape Town in 2016 was the finance and business service sector, contributing R96,9 billion (35% of the GDP_R at constant 2010 prices), while manufacturing contributed R40,7 billion (15%), and community services contributed  R47,8 billion (17%).

Detailed sectoral breakdowns

Cape Town’s fuel, petroleum, chemical and rubber products (26%) and food, beverages and tobacco products (25%) sub-sectors were the largest contributors to the manufacturing sector.

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