Business in Cape Town to fully recover before the end of the year, says central city agency | Businessinsider

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Business in Cape Town to fully recover before the end of the year, says central city agency

Cape Town's city centre, like most central business districts, was seriously hurt by the Covid-19 pandemic and its associated restrictions.The situation improved in 2021, with Cape Town's city centre gaining 135 businesses, with retail accounting for more than 27% of these.

Central business districts the world over were severely impacted by Covid-19, with offices closed as staff worked from home and entertainment venues shuttered amid social-distance restrictions. Hotels struggled to fill rooms because of travel bans, while stores and sit-down restaurants saw a drop in foot traffic as customers opted for online shopping and takeaways., stretching from Buitensingel to Nelson Mandela Boulevard and from Buitengracht to Canterbury Street – wasn't spared.

By the end of the third quarter, a total of 1,208 retail businesses were operational in Cape Town's inner city, representing a recovery of almost 98% compared to 2019 levels. "Looking at retail, pubs, clubs, and coffee shops… you can see the knock they took in Covid, but they are now close to their pre-Covid levels, and, since I created this chart about a week ago, I know of at least one more restaurant and one more coffee shop that has opened, so we are slowly but steadily working back to our pre-Covid levels."

 

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