When it comes to perception, Cape Town remains high on market sales activity perceptions while Gauteng’s metros are at the weak end of the spectrum.
While many of the major metros show a decline, the City of Cape Town is perceived to have the strongest activity. The survey shows that the Western Cape region benefits from higher levels of investor confidence due to a widespread perception that it is provincial and many of its local governments are better functioning than many other parts of the country. “It has the additional advantage of not having a ‘messy’ coalition government arrangement either at city level or at broader Western Cape provincial level,” adds Loos.
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