The City of Cape Town has been named Africa’s leading digital city and contributes the most to the Western Cape’s GDP.
The 2018 State of Cape Town Central City Report, which was compiled by the Central City Improvement District (CCID), highlights the hard work of the City and its partners.
Cape Town’s economic structure contributes close to three quarters of the Western Cape’s GDP. The trading of international businesses within the city has contributed approximately R5-billion in direct foreign investment.
The report also stipulates that 50% of the country’s emerging tech companies are based in the Western Cape, most of which are in Cape Town.
In aiming to contribute to the technological innovation that is growing here, the City has contributed R1-billion into the development of a telecommunications channel.
This will provide network and service to City-owned infrastructure and is expected to be completed by 2020.
Once the project is finished, 300 City-owned buildings will be connected with efficient broadband access.
Nearly 5 000 jobs were created as a result of the project, and 2 109 people have received training and upscaling in the process.