Cape Town ahead of Joburg in latest finance ranking as economies shift

The Global Financial Centres Index provides evaluations of future competitiveness and rankings for 119 financial centres around the world, including two cities in South Africa – Johannesburg and Cape Town.

The instrumental factors are combined with financial centre assessments provided by respondents to the GFCI online questionnaire. GFCI 31 uses 66,121 assessments from 11,038 respondents. Casablanca continues to be the leading African centre, maintaining its 54th position overall, while other African centres fell in the rankings.

Loos said that for over two decades, FNB had noticed a mounting “net semigration” trend of skilled and higher income households, most notably in the direction of the Western Cape, but also to certain KZN coastal regions.

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