Cape Town is a port city and is the legislative capital South Africa The city has a diversified economy with a focus on real estate, finance, business services, manufacturing and tourism. Cape Town is the nation's oldest city and currently has a metropolitan population of 4.7 million.
Record visitor numbers is driving demand for greater development, attracting property developers, investors and businesses to the city. The logistics sector is also benefiting from the tourism boom. With decent scores in macroeconomic stability, ease of doing business and a low cost of land, the city is well positioned to capitalize on this rising demand. The city, does, however, have specific urban management challenges that will constrain growth - namely the limitations of the power grid and water availability.
