CAPE TOWN – Cape Town has been featured as the best city of opportunity in Africa and the 24th best in the world, in a report compiled by the international auditing firm, PricewaterhouseCoopers (PwC).
The Cape Chamber of Commerce and Industry said seeing the mother city named in yet another list of the world’s great cities was an important boost for business confidence at a time when there was a shortage of good economic news.
PwC said the mother city was at a crossroads between African problems and global ambitions. Its future success will depend on its ability to solve longstanding problems at home while keeping up with a rapidly changing world. "In order to succeed in a changing world, Cape Town must understand its position relative to other global cities."
President of the Cape Chamber, Janine Myburgh, said: “I think one of the main reasons for this new success is the co-operation between the private sector and local and provincial government in industries like tourism.
“We are fortunate in that a lot is being done to create a more enabling environment for business and to reduce red tape. This makes the city more attractive to investors and that creates further opportunities and jobs.”