Cape Town unemployment stats 4% lower than national average

There are a number of reasons to be upbeat about the local economy, according to the Economic Performance Indicators for Cape Town (EPIC) report for the fourth quarter of 2015.

The latest Quarterly Labour Force Survey for the fourth quarter of 2015 reported on in this edition of the EPIC report highlights the progress made in reducing unemployment in the city, which now stands at 20,5% – 4% points lower than the national rate.

We are very pleased with the numbers. They are better than I was expecting. Despite the macro numbers, we manage to keep good numbers in the city and the province.

Alan Winde MEC for Finance, Economic Development and Tourism

It's about creating the right ecosystem. That is our job.

Alan Winde MEC for Finance, Economic Development and Tourism

The largest contributor to economic growth in the Western Cape for the fourth quarter in 2015 was the wholesale and retail trade sector, which recorded a growth rate of 3%. This was 0,2 percentage points higher than the sector’s growth rate nationally in the fourth quarter.

In march, there were 1 million trips coming through the airposst, even higher than December and January... It is also linked to the events hosted in the city...like the International Jazz Festival and the Two Oceans.

Alan Winde MEC for Finance, Economic Development and Tourism

Winde says in addition to all the reinvestment , seen in the new and revamped building all around the city, SME's are the backbone of the Western Cape economy.

They are working hard to try and remove the red tape that gets in the way of these, and help them develop.

It's a continuous debate. Always talking together. Business and government are often too far apart so it is important to have discussions together.

Alan Winde MEC for Finance, Economic Development and Tourism

Recommended

by NEWSROOM AI
Read More
Man who tweeted that Ferial Haffajee 'deserves a bullet' can be charged

Man who tweeted that Ferial Haffajee 'deserves a bullet' can be charged

Social media lawyer Emma Sadleir says that such online comments amount to crimen injuria and can be reported to police.

73% of Ethiopian coffee workers are women (and other Africa Connected insights)

73% of Ethiopian coffee workers are women (and other Africa Connected insights)

Pan-African broadcaster Lee Kasumba shares her first experience of Addis Ababa, Ethiopia on her #AfricaConnected journey.

Case against former top Sars officials postponed

Case against former top Sars officials postponed

The trio allegedly spied on the team handling the case against disgraced former police boss Jackie Selebi in 2007.

'Day Zero' frenzy played a role in declining CT film industry, says producer

'Day Zero' frenzy played a role in declining CT film industry, says producer

Cape Town's film industry has seen a sharp decline in international interest in the last couple of years.

City officials handing out flood kits at informal settlements

City officials handing out flood kits at informal settlements

Philippi, Nyanga, Langa, Strand, Strandfontein, Kensington, Khayelitsha and Atlantis have all been affected by the heavy rainfall.

Malmesbury mosque murderer had prayed with worshippers before fatal attack

Malmesbury mosque murderer had prayed with worshippers before fatal attack

The police and the Hawks are prioritising the mosque attack in Malmesbury that left three people dead.

Popular articles
Here's how to check your load shedding schedule in Cape Town

Here's how to check your load shedding schedule in Cape Town

Stage 1 load s​hedding has been declared nationally. The City of Cape Town has urged residents to take note of the schedules.

Man who dumped body of family dog in street demoted at top JHB law firm

Man who dumped body of family dog in street demoted at top JHB law firm

Media law guru Emma Sadleir warns employees online that there are many potential events that could bring a company into disrepute.

SPARK Schools provides Singapore-quality education for R19 400 per year

SPARK Schools provides Singapore-quality education for R19 400 per year

Our education system is poor, leading to a proliferation of private schools, most which are unaffordable even for the middleclass.

Get ready for another round of load shedding as Eskom workers shut down power

Get ready for another round of load shedding as Eskom workers shut down power

Eskom spokesperson Khulu Phasiwe says the power utility has instructed municipalities to implement stage one load shedding.

[WATCH] SPCA lays animal cruelty charges following violent attack on seal pup

[WATCH] SPCA lays animal cruelty charges following violent attack on seal pup

Video footage emerged on Facebook showing two fishermen brutally kicking and stabbing the animal.

[LISTEN] Wife of Siya Kolisi 'so proud' as husband Siya leads SA to victory

[LISTEN] Wife of Siya Kolisi 'so proud' as husband Siya leads SA to victory

The Springboks won a Test game against England on Saturday under the captaincy of Siya Kolisi.

UPDATE: Joburg man who dumped dead dog claims there were no vets nearby - SPCA

UPDATE: Joburg man who dumped dead dog claims there were no vets nearby - SPCA

The man has told the Sandton SPCA that he could not locate a nearby veterinary clinic in order to dispose of the dog's carcass.

Eusebius: 'Needing to know what happened before the Supersport video is BS'

Eusebius: 'Needing to know what happened before the Supersport video is BS'

Callers on The Eusebius McKaiser Show stand behind Ashwin Willemse who walked off the Supersport Rugby set on Saturday.