Over 1 200 businesses shut down in SA but City of Cape Town optimistic over its economic growth iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Mayor Geordin Hill-Lewis says the City is encouraged by unemployment in Cape Town declining by 2,6 percentage points, with the city maintaining the lowest unemployment rate of the metros. However, much work still lies ahead to ensure more economic growth that lifts people out of poverty over time. The latest StatsSA Quarterly Labour Force survey for Oct – Dec 22 shows Cape Town’s unemployment rate is at 26.9%, down 2,6% from the previous quarter. This is based on the expanded unemployment .