Cape Town’s economic progress is on the rise, with Moody’s Investor Services upgrading the city’s credit rating outlook from stable to positive. The city plans to invest R39.5 billion in infrastructure over the next three years, with 75% of that budget going directly to lowincome families. This investment is predicted to create nearly 130,000 constructionrelated jobs, building on Cape Town’s reputation for having the lowest unemployment rate in South Africa. The city also plans to invest R120 billion in infrastructure over the next ten years and is committed to tackling socioeconomic disparities.
