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economic powerhouse

economic powerhouse employment hub
Business

Cape Town: An Economic Powerhouse and Employment Hub

by Kagiso Petersen
April 2, 2024

Cape Town is a shining example of economic growth and job creation, attracting over R25.4 billion in investments and creating 32,300 jobs in just three and a half years. The city’s dedication to investment attraction, research, and skills enhancement has lifted many out of poverty, with an impressive 363,000 new jobs created since November 2021. Cape Town plans to invest over R40 billion into infrastructure development over the next three years to pave the way for sustainable economic expansion. Through strategic partnerships and innovative economic strategies, Cape Town has become a model city for economic growth and employment.

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