Cape Town: The Mayor of Cape Town – Geordin Hill-Lewis, has invited US businesses to invest in Cape Town. The Mayor is currently drumming up more investment for the Cape Town economy in the United States.
Notably, the US is a key economic partner to the City of Cape Town and is the biggest source of foreign direct investment in the city’s economy by some distance.
The list of large international companies that invested in Cape Town includes major organisations such as Microsoft, Roche, Johnson & Johnson, DHL, Unilever, KPMG, Burger King, IBM, Kimberley Clark and the latest one who invested in Cape Town is the retail giant Amazon.
Cape Town Mayor Geordin Hill-Lewis went to the US Chamber of Commerce and said, “More and more global companies are investing in Cape Town, bringing new jobs to the city. The investments have contributed hugely as the US makes to job-creating foreign direct investment in Cape Town.”
The Mayor said that he is glad to be in the USA to share more about the city’s bright future and to invite even more US Businesses to come and invest in Cape Town.
He mentioned that the city wants to get more Capetonians into work and a big part of this is drumming up international investor confidence in our city.
“There is definitely a cause for optimism in Cape Town’s future, with a record infrastructure investment pipeline, more new jobs created in the past year than all other South African cities combined, advanced plans for water and energy security and tourism at an all-time high alongside other growing sectors,” said the city Mayor.
Reportedly, Mayor Hill-Lewis has now headed to New York to meet the Business Chamber of International Understanding (BCIU) and Mayor Eric Adams.
While urging Americans to make investments in Cape Town, Mayor Hill-Lewis emphasised that:
- Cape Town’s infrastructure investment will decrease in other South African cities in the coming years, with a special focus on water and sanitation upgrades.
- The national economy of the city is increasing and creating more jobs than all other cities combined in the last year, with many semi-grating their lives and businesses to Cape Town.
- The growing sectors include Business Process Outsourcing, ICT, Film, Agri-Business and Tourism.
- The city has recorded 317,000 overseas visitors in December and 2.9 million visitors during 2023 driving new tourism jobs in the city economy.
- The metro city has developed a professional civil service underpinned by accountability, transparency and measurable performance targets.
- The city is leading on energy security and is set to be the first to end load-shedding and Eskom reliance.
- A newly launched Ease of Doing Business Index seeks to cut red tape and make it even easier to invest.
- Cape Town boasts unrivalled natural beauty and lifestyle options, from its famous mountain, coastline, beaches and winelands to some of the best restaurants in the world.