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CAPE TOWN IN CONTEXT The Cape Town Central City is an area 1.62km² in size and is the traditional downtown or central business district (CBD) of the Cape Town metropole located in the Western Province of South Africa. The following information offers a deeper overall understanding of the CBD, the Cape Town metropole and the Western Cape in the context of their relationship to the rest of South Africa.

GROSS DOMESTIC PRODUCT (GDP) SOUTH AFRICA’S GDP:

WESTERN CAPE’S GDP:

(Q2 2018)

(Q2 2018)

R3 131 billion R431 billion In 2017, the city’s highest gross valueadded (GVA) sectors in its economy were:1 SECTORS

CPT GVA

Finance and business services

+29.7%

Community services

+18.2%

Trade

+17.9%

Manufacturing

+14.4%

Transport

+11.9%

71%

Cape Town typically contributes around 71% of the provincial GDP. In 2017, South Africa’s GDP per capita was R88 262, while the Western Cape’s GDP per capita was R97 983. Cape Town’s was R106 839.

ESTIMATED POPULATION RATES 2018:2 SOUTH AFRICA:

WESTERN CAPE:

56 521 948 6 510 312 (11.4%)

CAPE TOWN

4 174 510

EXECUTIVE SUMMARY

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LITERACY National functional literacy rate:

86.3%

Cape Town’s functional literacy rate:

99.0%

EMPLOYMENT AND UNEMPLOYMENT3 Employment in Cape Town increased to a record 1.6 million in the second quarter of 2018 – the eighth consecutive quarter of positive employment growth. The labour absorption rate (the percentage of the working-age population aged 15 to 65 years in employment) increased to 55.4% in the second quarter. Cape Town’s unemployment rate of 21.2%, recorded in the fourth quarter of 2018, is the lowest unemployment rate among South Africa’s major metros. The city’s expanded unemployment rate (including discouraged workers) was 22.0% in the second quarter, which is the lowest, compared with 37.0% in South Africa during the same quarter.

CARGO TONNAGE4

PHOTOGRAPH: Bruce Sutherland

AIR TRAVEL During the second quarter of 2018, 2 407 252 people passed through Cape Town International Airport – 27.0% of the total 8 918 395 passengers who moved through South Africa’s three international airports. CAPE TOWN WEATHER AVERAGES

ANNUAL TEMP:

17ºC

ANNUAL PRECIP:

475mm

DAILY SUNLIGHT:

8 hrs and 11 minutes

ANNUAL NUMBER OF RAINY DAYS:

101

In the third quarter of 2018, 220 947 containers were handled at the Port of Cape Town, which accounts for 16.9% of all containers handled in South Africa. Currently, the Port of Cape Town is maintaining its position as the second largest container handling port. However, capacity constraints may impact this position in the short term. Transnet’s approved plans for a multi-billion rand upgrade to the container-handling facilities should alleviate congestion problems in the medium term.

1 SOURCE: Economic Performance

2 SOURCE: Mid-year population estimates 2018

3 SOURCE: Quarterly Labour Force Survey,

Indicators for Cape Town, Q2 2018

(StatsSA)

Q4 2018 (StatsSA) 4 SOURCE: EPIC, Q3 2018

Profile for Cape Town Central City Improvement District

The State of Cape Town Central City Report 2018  

Looking back at 2018 in terms of the economic and investment climate of the Cape Town CBD.

The State of Cape Town Central City Report 2018  

Looking back at 2018 in terms of the economic and investment climate of the Cape Town CBD.

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