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CAPE TOWN IN CONTEXT

The Cape Town Central City is the traditional Central Business District of the metropole of Cape Town, situated in the Western Cape Province of South Africa. The information on these pages provides background to the context in which they each find themselves and provides a deeper understanding of downtown Cape Town.

GROSS DOMESTIC PRODUCT (GDP)

South Africa: R2.9 trillion (Q3 2020) Western Cape: R408 billion (Q3 2020) Cape Town typically contributes 72 % of the provincial GDP annually.

GROSS VALUE-ADDED

SECTORS latest available data (EPIC Q3 2020)

In 2019, the city’s highest gross value-added (GVA) sectors in its economy were: Finance & other business +29.4 % Community services +18.5 % Trade +17.9 % Manufacturing +14.6 % Transport +11.6 %

GDP PER CAPITA (2019)

latest available data (EPIC Q3 2020)

South Africa: R86 083 Western Cape: R101 098 Cape Town: R111 364

AIR TRAVEL

During 2020, 4 012 204 people passed through Cape Town International Airport. In total 13 107 540 passengers moved through South Africa’s three international airports in 2020: Cape Town International, OR Tambo International and King Shaka International.

ESTIMATED POPULATION RATES (2020)1

South Africa: 59 622 350 Western Cape: 7 005 741 (11.8 % of national population) Cape Town: 4 488 546 (2019)

CARGO TONNAGE

The port of Cape Town handled 19.9 % of all containers in South Africa in Q3 of 2020, with the Port of Durban remaining the largest container handling port in the country. The number of containers handled at the Port of Cape Town declined by 8.8 % – to 206 699 twenty-foot equivalent units (TEUs) in Q3 compared with the previous year.

29.1 % According to the Quarterly Labour Force Survey, Cape Town had a broad unemployment rate3 of 29.1 % during the third quarter, the lowest among all South African metros

EMPLOYMENT2

The number of people employed in Cape Town decreased by 189 825 from year-earlier levels during Q3 2020 (latest available data), bringing the total number of people employed to 1.42 million. Finance, real estate and business services created the most jobs (+29 635) in Q3, followed by construction (15 363) and private households (+14 840). Unsurprisingly, trade, hotels and restaurants accounted for the largest loss of employment (-31 486 jobs).

1 Mid-year Population Estimates 2020, Statistics South Africa 2 Invest Cape Town September 2020 3 Broad unemployment rate includes unemployed people not actively seeking employment

CAPE TOWN ACCOLADES FOR 2020

Cape Town International Airport was voted Africa’s Leading Airport (World Travel Awards) for the fourth consecutive year and Best Airport in Africa (Skytrax World Airport Awards).

The City of Cape Town was awarded the title of Africa’s Leading Festival & Event Destination (World Travel Awards) for the third consecutive year.

The Mother City was named Best Destination in Africa (World Tourism Awards) for the seventh time since 1998.

The University of Cape Town (UCT) was ranked Top University in Africa and 268th in the world in 2020 by the Center for World University Rankings.

The Silo Hotel was ranked 57th in Travel + Leisure’s Top 100 Hotels in the World.

Groot Constantia Wine Estate’s 2019 Sauvignon Blanc won the International Sauvignon Blanc Trophy at the 2020 International Wine Challenge.

Table Mountain was awarded Africa’s Leading Tourist Attraction (World Travel Awards) title for the second consecutive year.