Credit Matters

Providing consumers with the information need to manage their Credit Matters

Credit Matters header image 2

South Africa’s Cape Town Symbolizes Economic Growth

October 15th, 2008 · No Comments

by Greg Handchild

Cape Town, usually referred to by locals as ‘the mother city’ is the largest city in the Western Cape of South Africa. With a population of 3,500,000, this bustling metropolis is also the center for business, a major port, and headquarters for some of the largest corporations in the region. Its beauty and landscape make it one of the most renowned tourist destinations in the world and its diverse population gives it a unique culture. Situated at the base of the majestic Table Mountain, Cape Town is truly the premiere city of the Western Cape of South Africa.

This is fitting, because Table Mountain not only dominates the city of Cape Town, it looks over almost the entire Western Cape of South Africa. With a plateau of 3,300 feet, Table Mountain usually has a layer of clouds surrounding it, which is often referred to as the “tablecloth”. Visitors can reach the summit by roads or cable cars, and when they get to the top they can see both the Atlantic and the Indian Ocean as well as the entire city of Cape Town.

The suburbs of Cape Town located in the Western Cape of South Africa include every kind of municipality you can imagine: from quaint fishing villages, to the most upscale neighborhoods in South Africa. In these residential neighborhoods, you will find an incredible amount of local shopping, restaurants, and the largest collection of Cape Dutch style architecture in the world.

Attractions abound in and around Cape Town. While the more popular pastimes are diamond shopping, whale watching, and going to the pristine beaches known as the South African Riviera, there are important historical sites to see as well. Robben Island, where Nelson Mandela was imprisoned for his opposition to apartheid, and the Castle of Good Hope are now symbols of the progress that the Western Cape of South Africa has made toward equality for all people.

These landmarks are important reminders of a time when Cape Town was forcefully segregated into restricted districts. In 1948, when apartheid was introduced, the Western Cape of South Africa experienced extreme unrest, with little economic growth. As the popularity of apartheid declined and prisoners were released, Cape Town was finally able to take its place as a world class venue.

Cape Town industries include tourism, manufacturing, mining, drilling for oil, and the importing and exporting of goods. Many major companies have headquarters in Cape Town and the real estate market in the Western Cape of South Africa is booming.

The educational system of the Western Cape of South Africa is also centered in Cape Town. This is thanks to the generous local donations that help fund both the University of Cape Town and Stellenbosch University, which are the leading universities in South Africa.

Cape Town is not just the most well known city in the Western Cape of South Africa; it is one of the most well-known cities in the world. It has survived an incredible political history to become a model for the world of how to overcome intolerance and succeed in spite of political setbacks. The Western Cape of South Africa can now be proud of Cape Town - one of the most fascinating and beautiful cities on earth.

About the Author:

Tags: Finance

0 responses so far ↓

  • There are no comments yet...Kick things off by filling out the form below.

You must log in to post a comment.