Invest Cape Town released the 2019/2020 Regional Market Analysis Intelligence Report in partnership with Wesgro.
It ranked Cape Town as the leading BPO sector in the country, a marine manufacturing hub and prime tourism destination.
Having long been recognised
as one of the top tourist destinations in the world with titles like, world's friendliest city' and world's lea ding festival and events capital,' we are proud that in recent years we have been receiving recognition for the hard work we have put in to make Cape Town the most attractive city for investment on the African continent.
Despite these achievements, we cannot ignore the prevailing circumstances and all our efforts must be geared towards addressing and overcoming this pandemic.
With our focus now on fighting the COVID-19 global pandemic, and the impact that this will have on economies around the world, we will need to find new and innovative ways to celebrate the natural beauty of our city and support
the hard work of our local tourism and business sectors for earning us titles such as Africa's leading digital city, and annually being recognised as a top global city by various organisations and publications,' said Executive Mayor Dan Plato.
Between January 2003 and December 2018, a total of 344 foreign direct investment projects, mainly from the United Kingdom, United States, Germany and China were made into Cape Town, totalling R110 billion, which is an average investment of R319.4 million per project.
An estimated 24 446 jobs were created during this period.
South Africa was placed as the 39th largest global destination market for foreign-direct investment out of 109 countries.
The report noted that Cape Town accounts for approximately 72% of the Western Cape's economy and houses most of the large, energy intensive industrial areas.
Read more: http://tiny.cc/e9hjrz *Photographs taken before COVID-19.