PwC calls Cape Town the top chance city in Africa: De Lille

Cape Town – PriceWaterhouseCoopers (PwC) has recognized Cape Town as the largest potential city in Africa and placed the city as the sixth between middle-income 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 recognized as the opportunity city of Africa, but to keep us globally competitive, we have to take the city to the next level and create opportunities for everyone," said the Lille.

An important intervention was that the city decisively tackles the spatial planning of apartheid, thereby keeping the majority of the inhabitants away from opportunities for jobs, good education and health care. "We also need to improve security in these communities and support business development," she said.

The city must be a catalyst for better integration of communities by accelerating the release of the 11 identified lands in Woodstock and the city. center during the development of the Foreshore highway project. More pieces of land owned by the government must also be made available for the development of affordable housing. This would bring more Capetonians closer to opportunities, thereby increasing the talent offer for international companies that want to invest here.

The status of Cape Town as a city of opportunity was confirmed in the latest results of Statistics SA's labor force survey. The report found that employment in the metro grew by 4.8 percent year-on-year. Cape Town was also the subway with the lowest comprehensive unemployment rate of 22.6 percent, far below the national rate of 37.2 percent, according to De Lille.

However, head of cities and urbanization of PwC Africa, Jon Williams was right when he said, "Cape The city is at a crossroads of African problems and global ambitions, and its future success will depend on the ability to face ancient problems. at home and at the same time keeping up with a rapidly changing world. "These long-standing problems include access to opportunities for the majority of the residents.

"We have shown innovation in technology and Cape Town is home to more than 20 incubators, but, as the report shows, many of these opportunities are based on the city center or along the Atlantic coastline. [19659003] "If Cape Town wants to remain competitive globally, we need to bring residents closer to the opportunities and be a catalyst for job creation and investment as outlined in the city development and transformation plan (ODTP)," she said. [19659009] "The support of the city to the catalytic industry has been one of the most important successes and this sector is also showing growth because we are attracting more investments to Cape Town and more people find work and receive training in areas with key skills.

"In the past three months, between April and June 2018, thanks to support from Wesgro and our special purpose vehicles, we have facilitated almost R1.4 billion, f investments, created 1236 jobs and trained 912 residents," said De Lille.

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

African News Agency / ANA

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