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SECTION 2 > DOING BUSINESS IN THE CENTR AL CIT Y

THE ECONOMIES OF THE

CENTRAL CITY

Each year, this report accesses the economies that make the Central City a base from which to conduct business, and picks up on trends that may be emerging. As has been evident in previous reports, the number of retail venues continues to lead the Central City business breakdown, and the CBD also remains a vibrant centre for the legal fraternity – understandable with the Central City being home to the Western Cape Division of one of South Africa’s nine provincial high courts. Situated in Precinct 3, the high court also accounts for the large number of legal entities (largely the offices of advocates) to be found in this precinct.

The financial sector (which includes companies representing the banking, investment and insurance industries) remains strong as the third largest sector, while the industries that make up the accommodation and travel sector have, for the first time this year, fallen to fifth place among the top five industries, knocked out of position by a more than doubling of the presence of medical professionals in the Central City – which has risen from 96 medical practices in the

2016 report to 193 in this report. As predicted in the last report, this can be attributed to the closing down of the old Netcare Christiaan Barnard Hospital in Precinct 2 and the opening of the new, expanded state-of-the-art hospital (by the same name) in Precinct 1, which is now home to 148 of the CBD’s 193 medical practices. Nevertheless, the accommodation and travel sector remains strong, followed closely by the ICT and telecoms business community.

BUSINESS BREAKDOWN PER PRECINCT The following indicates the business breakdown within each precinct, from largest to smallest. To see where a particular precinct lies within the CCID footprint, please see the pull-out map at the front of this publication. PRECINCT 1 (THE FORESHORE)

PRECINCT 2

Entertainment & retail venues: 153

Architecture, engineering & surveying: 29

Retail venues: 475

Medical: 148

Educational institutes & resources: 28

Finance, investment, insurance & banking: 106 Accommodation & travel: 58 ICT & telecoms: 46

Industrial councils & NGOs/NPOs: 25

Freight, customs brokering, shipping & import/export: 38

Employment & recruitment agencies: 21

Legal: 38 Communications, media & advertising: 32

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General corporate/head offices: 26

Property & real estate: 19 Specialised services: 13

Legal: 123 Finance, investment, insurance & banking: 102 Accommodation & travel: 74 ICT & telecoms: 61 Architecture, engineering & surveying: 58 Industrial councils & NGOs/NPOs: 46 Communications, media & advertising: 45

Artistic studios: 7

THE STATE O F C A P E TO W N CE NTR A L CI T Y R E P O R T 20 1 7

Educational institutes & resources: 42 Property & real estate: 33 Medical: 26 General corporate/head offices: 23 Employment & recruitment agencies: 23 Freight, customs brokering, shipping & import/export: 18 Specialised services companies: 17 Artistic studios: 15

The State of Cape Town Central City Report 2017  

Looking back at 2017 in terms of the economic and investment climate of the Cape Town CBD.

The State of Cape Town Central City Report 2017  

Looking back at 2017 in terms of the economic and investment climate of the Cape Town CBD.

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