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World Bank: Cape Town is the number one city of business opportunity
Move to Cape Town and improve your life. It is as simple as that.
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Cape Town has been winning it all this year. International awards and a very giving winter season sums up what has been a year of firsts.
World Bank ranks Cape Town first in all South Africa’s metros
This time around, the World Bank has ranked the Mother City as number one for ease of doing business, compared to the eight other metros in South Africa.
Good Things Guy reported that
The metros were assessed in two of the World Bank’s four indicators. Cape Town proved to come out on top when basic comparisons were made, such as connecting a customer to electricity, it takes 91 days in Cape Town, 109 in Johannesburg and 110 in Tshwane.
Another comparison made was between new business construction permits which take 88 days in Cape Town and 155 in Johannesburg.
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Patricia de Lille promiser more for Cape Town
Furthermore, PriceWaterhouseCoopers (PwC) revealed how Cape Town was the ‘opportunity city of Africa’.
“These results are proof of the many efforts we have put into building an opportunity city and I am pleased with the progress the City has made.
“But as I always caution, we will not become complacent as there is still a lot more work to do to ensure that we make this great city event greater by attracting more investment so that more people can find employment,” Patricia de Lille, the former City’s mayor stated.
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De Lille also went on to tease that the City would become more energy efficient with its ongoing green energy initiatives which will make Cape Town’s supported by 20% renewable energy.
This is what the World Bank had to say about the indicators they look at in assessing the cities with the greatest business opportunity.
“We set out a clear strategy to improve on the indicators that the World Bank was measuring. We developed a checklist of things we knew investors, local and international, look at when deciding where to invest.”
