property rates business-friendly

Cape Town: South Africa’s Premier Destination for Competitive Property Rates in 2024-2025

by

Cape Town is the best city for affordable property rates in South Africa, with rates 32% lower for commercial properties, 36% for industrial, and 28% for residential compared to its closest rival, Johannesburg. The city also offers investment incentives, a solid infrastructure, and a thriving environment for businesses and residents to grow and find opportunities. Cape Town is committed to transforming its infrastructure and becoming the most businessfriendly city in Africa, making it an attractive choice for entrepreneurs of all sizes.

business-friendly red tape reduction

Streamlining Business and Boosting Economic Growth: The Western Cape’s Municipal Red Tape Reduction Challenge Fund

by

The Western Cape government is committed to making the province the most businessfriendly in South Africa. In line with this goal, the government has recently launched the Municipal Red Tape Reduction Challenge Fund for the 2023/24 fiscal year. Spearheaded by Mireille Wenger, the Western Cape MEC for Finance and Economic Opportunities, the fund aims to remove barriers to business operations and streamline processes, thus fostering economic growth and creating additional jobs.

unemployment economic growth

Cape Town’s Unemployment Rate Declines, Striving to Become Africa’s Premier Business Destination

by

Cape Town is making strides towards becoming Africa’s premier business destination, with a substantial decrease in unemployment. The city’s Mayor, Geordin HillLewis, credits this achievement to maintaining the lowest unemployment rate across the metros. However, there is still work to be done to drive further economic growth, alleviate poverty, and create additional job opportunities.