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CoCT launches Ease of Doing Business Index to drive economic growth

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The index will keep track of ten essential metrics for business-friendliness, with a particular emphasis on promoting increased infrastructure spending and economic development in Cape Town.

With the goal of making Cape Town the easiest place to conduct business in Africa, Cape Town Mayor Geordin Hill-Lewis has unveiled the City’s new Ease of Doing Business Index. The ultimate goal is to increase employment in Cape Town by fostering an environment that is conducive to business. The Mayor, City Manager Lungelo Mbandazayo, and Alderman James Vos, a member of the mayoral committee for economic growth, presented the Index on Tuesday at City Hall.

The City now aims to reduce the time, costs and complexity of processes across ten critical indicators for Ease of Doing Business including building plan approvals, getting land use rights, rates clearance certificates and informal trading permits. ‘We especially want to see faster, simpler and more cost-effective development approval processes to drive economic growth and job creation. That’s why much of Cape Town’s new Ease of Doing Business Index focuses on enabling infrastructure investment, from building plan approvals to connecting with the water and electricity network.

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