The scenario of Cape Town trade and industry offers an insight into the economic aspects of the city. Cape Town ranks high among the South Africa, cities in terms of economic production. Major industries of Cape Town include tourism industry, transport industry, oil refining industry, ship building industry, etc.
A Comprehensive Economic Picture
Cape Town trade and industry depends largely on the city's strong economic structure. With a population of more than 3 million, Cape Town features as one of the economically stable cities of South Africa. The city has a diverse economy that can readily emerge from economic depressions.
The economy of Cape Town provides for the development and growth of trade and industry in Cape Town. 11% of South Africa's total economic contributions come from Cape Town. In the year 2000, Cape Town produced more than R 85.9 billion goods and services.
This shows that the goods and services of Cape Town are in demand within the city as well as outside. The supply of these goods and services depend on domestic and foreign investments. Also, the competitiveness of the goods and services has to be taken into account while determining supply and production.
Cape Town Industries
In addition to the demand and supply of goods and
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services, Cape Town's economy is also shaped by the industries found in the city. The major industries in Cape Town consist of food processing, shipbuilding and repair, oil refining, diamond cutting, production of leather goods, chemicals, fertilizers, plastics, clothes and cement.
The location of Cape Town provides for a booming tourism industry. The city, with its breathtaking scenic views of mountains, vineyards, harbor and the ocean and the metropolitan amenities for the tourists, has a progressive tourism industry. Abounding in tourist attractions, sightseeing destinations, hotels, restaurants, shopping centers, traditional towns and villages, pubs and ideal week-end getaways, Cape Town is a haven for tourists. The city remains crowded with tourists from all across the world throughout the year. All these factors cater greatly to the tourism industry.
The growth of tourism largely depends on good roads, plenty of public transports and an efficient communication system. Cape Town, with its well-developed transport industry, meets all these demands. The extensive transportation network of the city consisting of air, rail and road transport directly link the city with Botswana, Zimbabwe, other places in South Africa and major cities of the world.
The industrial picture of Cape Town thus presents an insight into the economy of the city. The progressive economy creates the platform for a developed job sector that provides employment to a large section of the population in Cape Town.
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