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R24b boost for Cape Town since 2017

16 May 2018 10:55 AM
The State of Cape Town Central City report shows that around R24 billion has been committed to the CBD since beginning of 2017.

Around R24 billion in investment has been committed to Cape Town CBD since the start of 2017.

Those are the figures reported in the State of the Cape Town Central City Report released on Wednesday.

It's up from just over R16 billion rand of investment recorded in 2016.

Rob Kane, chairman at Central City Improvement District says the investments are coming in across all sectors.

We are seeing development across the board. Residential, office blocks, arts and culture, the new conference facility. These all attract new investment.

Rob Kane, Chairman at Central City Improvement District

The new hospital alone has doubled the number of medical businesses coming into the city. That's the sort of investment and excitement that something like that generates.

Rob Kane, Chairman at Central City Improvement District

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16 May 2018 10:55 AM

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