CAPE TOWN

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Business / Economics

Cape Town to mint 6,100 new millionaires in projected wealth boom

  By Seth Onyango, via bird story agency   Cape Town is forecast to become the fourth fastest-growing wealth hub per capita among the BRICS states, according to new insights from Henley & Partners (H&P). The picturesque city is forecast to add 6,100 millionaires over the next ten years, over and above the current 7,400, representing an 85% jump. "It is currently benefiting from the ongoing ‘semigration’ of large numbers […]

today1 February, 2024

South Africa

Cape Town Container Terminal Achieves Record Productivity at 17 Moves per Hour

Transnet Port Terminals proudly announces that the Cape Town Container Terminal achieved an impressive milestone, achieving a high productivity rate of 17 moves per hour in a single shift last week. Oscar Borchards, the Acting Western Cape Managing Executive of Transnet Port Terminals, expressed the commitment to ensuring continuous improvement over an extended period.Borchards also revealed ongoing training for lifting equipment operators on new gantry cranes. This initiative aims to […]

today1 February, 2024

South Africa

Garbage piling up in Cape Town townships as extortion gangs drive out City contractors

Samora Machel residents say they have been using this part of Oliver Tambo Drive as a dumping site because their rubbish bins has not been collected for months. Photos: Sandiso Phaliso By Sandiso Phaliso via GroundUp On almost every corner in Samora Machel, Philippi East and Browns Farm in Cape Town, rubbish is piling up. There is so much rubbish that some streets, such as Hart Lane and Oliver Tambo […]

today1 February, 2024

South Africa

FOLLOW UP: Uncontrolled Fires Persist in Breede Valley and Witzenberg, Cape Winelands; Night Conditions Offer Some Respite

In a follow-up to our previous report, wildfires in Breede Valley and Witzenberg within the Cape Winelands district continue to rage uncontrollably. However, more favorable outcomes have been observed due to cooler night temperatures and reduced wind speeds. Jo-Anne Otto, spokesperson for the Cape Winelands District Municipality, notes that the combination of hot, dry weather and available fuel, such as aged fynbos and alien vegetation, remains conducive to the fires. […]

today29 January, 2024

South Africa

SA’s National Police commissioner presided over the destruction of drugs worth 90-million-rand in Cape Town

SA's National Police commissioner Fannie Masemola presided over the destruction of drugs worth 90-million-rand in Cape Town today. The drugs, including tik, cocaine and mandrax, were seized during operations in the Western and Eastern Cape. This marks the fourth drug destruction this financial year, totalling close to a billion-rand. Police spokesperson Athlenda Mathe says notable cases include the seizure of ten-million-rand’s worth of mandrax in Vredenburg, resulting in four arrests, […]

today26 January, 2024

South Africa

Infrastructure South Africa will host the Sustainable Infrastructure Development Symposium 2024 in Cape Town

Infrastructure South Africa will host the Sustainable Infrastructure Development Symposium 2024 at the Century City Conference Centre in Cape Town from 17 to 19 March, under the theme “Quality infrastructure for development, recovery and inclusive growth“. The event will unite key stakeholders from South Africa and across the continent to drive infrastructure development, focusing on accelerating economic recovery through strategic plans. The symposium will address regulatory reforms, explore funding models, […]

today24 January, 2024

South Africa

Eastern Cape premier has expressed optimism that the matric pass rate for 2023 will exceed 80-percent

Eastern Cape premier Oscar Mabuyane has expressed optimism that the matric pass rate for 2023 will exceed 80-percent. Nearly 100-thousand learners participated in the National Senior Certificate exams in the province. Basic Education minister Angie Motshekga is scheduled to release the national results on Thursday. Mabuyane credits the collaborative efforts of learners, teachers, and management for the anticipated positive outcome. He highlighted to the SABC the collective commitment to achieving […]

today17 January, 2024

South Africa

City of Cape Town is calling for a clear deadline for private sector involvement in the Port of Cape Town

The City of Cape Town is calling for a clear deadline for private sector involvement in the Port of Cape Town. Mayoral committee member for Economic Growth, James Vos, says with a private sector partner due to commence operations at the Port of Durban in April, there is continued silence from the national government on a timeline for a private sector partner boost for Cape Town. He says allowing private […]

today12 January, 2024