Cape Town’s Mayor, Geordin HillLewis, has announced that the city’s unemployment rate has dropped by four percentage points yearonyear, boasting the lowest unemployment rate among South Africa’s metros. Despite the progress, the Mayor acknowledged that much work remains in fostering further economic growth and alleviating poverty through job creation.
The city of Cape Town is taking significant steps towards improving its business environment by launching the Ease of Doing Business Index. The initiative is a response to feedback from the private sector, which identified the ten critical indicators required for the city to improve. The ten indicators will track the ease of doing business in the city, with a focus on facilitating infrastructure investment and economic growth.
