Cape Town has unveiled a new initiative aimed at positioning the city as a world-class business destination and not just a leisure hub. Cape Town mayor Patricia de Lille said on Thursday that the successful tourism sector has often overshadowed the city’s diverse economic offerings and enormous strengths in other key sectors. "This is a great pity because Cape Town is not only a beautiful face, it has enormous substance and a variety of attributes that make it an extremely attractive investment destination," said De Lille. "Positioned at the tip of Africa, with high-quality infrastructure and strong governance, we are a strong and supportive base from which to invest, expand and export. We would like to be the functional African hub where ideas come to life through the energy and ambition of our people." De Lille was speaking during the launch of the city’s latest initiative, Invest Cape Town, meant to provide stakeholders and economic roleplayers with a platform and tools to showca...
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