A new research report reveals that Cape Town is leading the pack in job growth among South African cities, with a 20.2% increase in employment between 2014 and 2023. Cape Town's success is attributed to stable governance, infrastructure investments, and a diversified tourism-centric economy. The report highlights the growth of sectors like retail, wholesale services, call centres, security, finance, and insurance.
A new research report has revealed that Cape Town is leading the way in job growth compared to other South African cities. According to the report, Cape Town 's total employment grew by 20.2% between 2014 and 2023. Buffalo City in the Eastern Cape came in second, with a growth rate of approximately 13.1% during the same period. Tshwane, Mangaung, and eThekwini followed with growth rates of 12.6%, 9.1%, and 8.2% respectively. Johannesburg saw only 1.
9% growth, while Ekurhuleni recorded a growth rate of 1.6%. Both cities lagged significantly behind the national average of 8%. Commenting on the achievement, Mayor Geordin Hill-Lewis stated, 'We're encouraged to see Cape Town's jobs growth outpacing other cities based on a new research report. This is not a coincidence – it is built on a foundation of stable governance and infrastructure investments that exceed those of other cities. Growth must create opportunities to lift more people out of poverty and into employment over time. While there is still much to be done, we are pleased that in Cape Town, the prospects of finding a job are brighter than in any other city.' The report further highlighted that the main sectors driving Cape Town's job growth include retail and wholesale services, call centres, security, finance, and insurance. Alderman James Vos, mayoral committee member for Economic Growth, added, 'The City continues to implement targeted initiatives and campaigns to support our high-growth industries, which is evident in the growth of services like call centres over the last decade. More than R6,4 billion in investments and over 15,000 jobs were directly secured in 2024 via the City's support for 11 Special Purpose Vehicles (SPVs) across sectors such as business process outsourcing (BPO), technology, clothing and textile manufacturing, and marine manufacturing.' The City of Cape Town has consistently outperformed South Africa's other major metros in job growth over the past decade. The report attributes this success in part to Cape Town's diversified tourism-centric economy.
JOB GROWTH CAPE TOWN SOUTH AFRICA ECONOMY TOURISM
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lhuan-dre Pretorius leads Paarl Royals to victory over MI Cape TownThe Paarl Royals, with Lhuan-dre Pretorius leading the way, have beaten MI Cape Town in a SA20 game played in Paarl on Wednesday night.
Read more »
Rabada's Masterful Display Leads MI Cape Town to Historic SA20 TrophyKagiso Rabada shone with a season-best performance, claiming 4/25 and spearheading MI Cape Town to their first-ever SA20 title. The victory came against Sunrisers Eastern Cape at the Wanderers Stadium, with MI Cape Town demonstrating a dominant display throughout the match.
Read more »
MI Cape Town Triumphs in SA20 Final: Rabada's Brilliance Leads to Historic WinMI Cape Town secured their first-ever SA20 League title with a resounding victory against the Sunrisers Eastern Cape in the 2025 final. Kagiso Rabada's exceptional bowling performance, claiming 4 wickets for 25 runs, proved pivotal in MI Cape Town's triumph. The match showcased a combination of individual brilliance and strategic team play, highlighting the competitiveness of the SA20 League.
Read more »
Cape Town taxi association conflict leads to destruction of vehiclesA fire at Nyanga taxi rank in Cape Town has destroyed over fifteen vehicles, raising concerns over ongoing violence within the Cape Amalgamated Taxi Association.
Read more »
ABAP Developer - Western Cape Cape Town CBDIT Industry News. Daily.
Read more »
Tech Lead/Solution Architect - Western Cape Cape TownIT Industry News. Daily.
Read more »