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  2. resource.capetown.gov.za › documentcentre › DocumentsSTATE OF CAPE TOWN 2022

    Cape Town is home to more than four million people5 (June 2021) and has the second- largest population of all South African cities. 6 Before Covid-19, it was a popular tourist destination and was viewed as the second-largest economic centre in South Africa,

  3. The narrow unemployment rate among youth (ages 15–24) increased to 56% in 2021 from 45,2% in 2019, which is notably higher than in other developing countries such as India (28,3% in 2021).

  4. resource.capetown.gov.za › documentcentre › DocumentsState of Cape Town Report 2020

    Africa’s economy was forecast to contract by 9,5% (real GDP) in 2020, thereafter recovering to growth of 3,1%. in 2021. Over the past 5 years Cape Town recorded an average Annual economic growth rate of 1,2% (constant 2010 prices) whilst The national economy recorded 0,8% over the same period.

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  5. The number of people employed in Cape Town increased by 40 246 individuals from year-earlier levels during Q3 2021 (latest available data), bringing the total number of people employed to...

  6. In 2021Q2, the Eastern Cape had a total of 1 234 848 employed workers. Community services (government) was the largest employer in the province, hiring 35.0% of total employed workers. This was followed by trade (20.4%) and finance (9.5%). Together these three industries employed 60.4% of the Eastern Cape’s employees.

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  7. The City of Cape Town currently has a population of 4 758 433 in 2021. This total is expected to grow to 5 133 369 by 2025, equatingto an average annual growth rate of 1.6 per cent. The City’s growth rate is slightly above that of the Western Cape average annual rate of 1.4 per cent across the same period.

  8. It is estimated that total employment in the City will in 2019 amount to 1 619 425 workers of which 1 285 718 (79.4 per cent) are in the formal sector while 333 707 (20.6 per cent) are informally employed. Most of the labour force consisted of skilled (31,2 per cent) and semi-skilled (48.5 per cent) workers.

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