ˇ@

                     

                                

CAPE TOWN PWCˇ¦S ˇ§AFRICAN CITY OF OPPORTUNITYˇ¨
Cape Town is celebrating another accolade as researchers from PricewaterhouseCoopers (PWC) officially named it as the ˇ§African City of Opportunityˇ¨ for 2018.

The Mother City was identified as one of the best emerging cities in the world, placing sixth on the table of ˇ§middle-income countriesˇ¨. PWC put Beijing, Kuala Lumpur, Moscow, Shanghai and Mexico City in their top five, but reserved a special amount of praise for Cape Town:

ˇ§Revenue collection and capital budget spending are near 100% and the city is rated as having both the cleanest audit (by the Auditor-General) and the best service delivery (by citizens) of any South African metro.

ˇ§With an unemployment rate 13% lower than the national figure, and 10 points lower than the average metro, Cape Town is a city of genuine opportunity for millions of people.ˇ¨

The researchers identified Cape Townˇ¦s transport and infrastructure links as one of its best assets. With MyCiti buses and a populated system of metered and e-hailing taxis, itˇ¦s easy to move around the city.

Sustainability and the natural environment also impressed the adjudicators. Thereˇ¦s arguably no other metropolitan area that boasts the green scenery of the Mother City, with Kirstenbosch and Newlands accounting for its leafiest suburbs.

Both the ease of doing business and the cost of living also came out on top. Cape Town is a city where things get done, and the wheels are greased by good, old-fashioned hard work.

The results were announced in partnership with Wesgro, and their CEO, Tim Harris, was delighted to see a local interest fare so well:

ˇ§Itˇ¦s a real credit to Cape Town that weˇ¦re even on this list. Taking a closer look at middle-income cities used as benchmarks in the report, nine of the 13 cities are more than double the size of Cape Town.

ˇ§We are all ambassadors for the place we live in and love ˇV it is up to all of us to promote this little city on the tip of Africa that punches well above its weight.ˇ¨

ˇV Source: www.thesouthafrican.co.za

 

 

ˇ@

ˇ@