Despite battling with water problems, Cape Town's employment grew by 4.8%

According to the Quarterly Labour Force Survey released earlier in the week, employment in Cape Town metro grew by 4.8% year on year.

Economist at Econometrix, Sam Rolland says the numbers are quite interesting considering that the City has been battling with the water situations for a few years now.

Looking at the fact that both the City of Joburg and the City of Cape Town grew in terms of jobs added, you probably find that most jobs created are in sectors that are typically more reliant on stronger foreign demand.

Sam Rolland, Economist at Econometrix

Tourism was surprisingly resilient considering the water restrictions that have been in place since last year. You might find that it has to do with the tourism industry.

Sam Rolland, Economist at Econometrix

Both Cape Town and Johannesburg are the largest cities in the country in terms of economic activities so any sort of growth or resilience in job growth would be seen in these cities especially when you consider how varied they are.

Sam Rolland, Economist at Econometrix

Rolland says that the film industry, which is reliant on foreign demand is doing well in Cape Town as well as the property market has been doing quite well for some time.

He says there are also companies that have recently moved from Johannesburg to Cape Town. This means there's been a movement of jobs from one city to another.

To hear the rest of the interview with Sam Rolland, listen below:


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