More businesses are moving to Cape Town for improved service delivery.
Cape Town is seeing a boom in business semigration as businesses look for reliable service delivery.
“According to the report, the primary reason for moving premises in the fourth quarter of 2022 was financial constraints which doesn’t come as a surprise; however, what is notable is that the second most commonly cited reason was to relocate to an area with more reliable utilities and municipal services ,” Townes said.
An Auditor-General report said that only 41 of South Africa’s 257 municipalities received clean audits, with many not spending enough on critical infrastructure maintenance. The electricity outlook also looks positive, with the implementation of tax breaks on solar and Koeberg being brought back online in the next twelve months.
However, businesses looking to upgrade their premises in sought-after central areas or for transport logistics face a large problem – there is little stock available as owner-occupier buildings are usually tightly held.
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