The City of Cape Town has been named the best South African metro in granting construction permits, according to the City’s launch of the World Bank’s research report on ‘Doing Business in South Africa 2018’.
The World Bank compared South Africa’s nine metros to 189 other economies across the world and Cape Town came out top of all metros in two of the World Bank’s four indicators – getting electricity to investors and granting construction permits.
New businesses take 88 days to obtain all the necessary licences and permits, completing required notifications and inspections, nearly half to Johannesburg’s 155-day period. The city’s top ranking in terms of providing electricity puts Cape Town in the top 25% of city economies worldwide. It takes 91 days to connect a customer, much quicker than Tshwane with 110 days and Johannesburg at 109 days.
The World Bank’s findings follow the recent PricewaterhouseCoopers (PwC) report naming Cape Town as the top ‘opportunity city’ in Africa. The report placed Cape Town sixth among middle-income cities behind Beijing, Kuala Lumpur, Moscow, Shanghai and Mexico City.
“These results are proof of the many efforts we have put into building an opportunity city and I am pleased with the progress the City has made. But as I always caution, we will not become complacent as there is still a lot more work to do to ensure that we make this great city even greater by attracting more investment so that more people can find employment,” says City of Cape Town executive mayor Patricia de Lille.
She continues, “We cannot be satisfied with being number one in South Africa or Africa. We compete in a globalised economy and we must operate with the knowledge that the world owes us nothing. I am proud of what we have accomplished so far but there is still a lot to be done. There are still many Capetonians who are unemployed and living outside the labour sector.”
Councillor Raelene Arendse, City of Cape Town mayoral committee member for corporate services, would like to challenge them to use the digital revolution that is disrupting the world to improve on the two indicators in which the City is lagging, namely, registering property and enforcing contracts.
“I am confident that by the publication of the next report the City will be able to demonstrate to potential investors that we mean business, and we are ready and eager to address any possible regulatory complexities that might impact negatively on our corporate as well as small-, medium- and micro-enterprises,” concludes Cllr Arendse.