Cape Town adds 263 000 jobs in one year
15 August 2023
‘Cape Town has now had five straight quarters of positive jobs growth, with the lowest unemployment rate of the metros. This is such encouraging progress, and we take great heart from the fact that a quarter of a million more Capetonians have work today than just a year ago. This is evidence of how the Cape Town economy is booming, and is now the heart of national economic growth.
‘When we speak about being a City of Hope for all, this is what we mean: getting more people out of poverty and into work. And for five straight quarters, this is exactly what is happening in Cape Town.
‘Our city economy is growing faster and adding more jobs, primarily because our government is investing in infrastructure, focusing on beating load-shedding and working to be the easiest place to do business in Africa. This attracts new investment, and investment brings new jobs.