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public asset privatization

cape town international convention centre public asset privatization
Business

Cape Town’s Convention Centre: Ownership, Value, and the Civic Debate

by Lerato Mokena
August 22, 2025

Cape Town is debating whether to sell most of its share in the International Convention Centre (CTICC) to raise money for public services or keep it publicly owned to protect community benefits and transparency. The CTICC is a symbol of the city’s growth and pride, hosting big events and boosting the economy for over 20 years. Some say selling it could bring fresh investment and new energy, while others worry it might limit public access and control. The decision is about more than money it’s about the city’s future and how it values shared spaces and public trust.

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