What a way to see in the new year! South Africa is the only country on the continent to make the list of Global Cities of the Future winners for 2016/17, with Cape Town coming in at number 21 globally.
Foreign Direct Investment Intelligence (FDi), part of the Financial Times group, ranked Cape Town as the only city in Africa to cut the mustard, joining global powerhouses like Chicago and Edinburgh.
“This accolade is indeed a massive feather in Cape Town’s cap as it recognises all the ongoing efforts being made by the City and its private sector partners to ensure that Cape Town is on the international map for business and investment,” Alderman Ian Neilson, deputy mayor of the Mother City, said in a statement.
“Attracting investment has been part of our strategy since 2006 where we set out to engage with the international community to promote Cape Town as an ideal place to invest in so that we can create much-needed jobs for our people.”
The deputy mayor listed a few key focus areas where Cape Town generates economic growth, namely:
Providing stable governance
Clear policy direction
Delivery of infrastructure
Support services
Investment promotion
Facilitation
Economic research and,
Striving to reduce the administrative burden of doing business.
“Encouraging investment and development is one of the key features of our City development strategy,” Neilson said.
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