Browsing: Cape Town

The Africa Wealth Report 2022, released by Henley & Partners in partnership with New World Wealth, ranked the wealthiest cities in Africa by total wealth.

Listed in the report are the richest cities using total private wealth held by all the individuals living in each city.

The parameters measured were assets, cash, equities and business interests. Henley’s survey indicated the top two wealthiest cities on the continent are in South Africa. Johannesburg topped, followed by Cape Town.…

According to the IMF World Economic Outlook report published in July 2021, the global economy is projected to grow 6.0 per cent in 2021 and 4.9 per cent in 2022 and this global forecast is unchanged from April 2021 projections.

These statistics show a positive recovery of the global economy and no signal of economic collapse so far, despite the third consecutive fall in the average rating of financial centres as shown by the Global Financial Centres Index 30 report.…

The City of Cape Town has announced a range of measures to support the local boat building industry to position it as a premier global hub for this fast-growing industry.

Cape Town is the largest boat building city in South Africa and the second largest producer of recreational catamarans globally.

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“Cape Town’s boat building industry has grown by 28.8 per cent year-on-year since 2012,” the City’s Mayoral Committee Member for Economic Opportunities and Asset Management, James Vos, said at an event this week. “The industry exports 90 per cent of the products produced and attracts a positive trade balance of around US$73 million (over R1 billion) annually.

“The 40-plus boat yards and 3,500 specialist staff produce award-winning super-yachts,” he said. “The city is home to 70 per cent of South Africa’s boat builders.”

Vos said the City was keen to support sectors such as the boat building sector …