Cape Town takes investment campaign to Johannesburg and Durban

The City of Cape Town has taken its investment proposition to two of South Africa’s key economic centres, using a national roadshow to strengthen partnerships, engage businesses and showcase the opportunities positioning Cape Town as one of Africa’s leading investment destinations.

Alderman James Vos, Mayoral Committee Member for Economic Growth at the City of Cape Town, opened the Johannesburg Stock Exchange (JSE) trading floor on Thursday, 13 August, with the ceremonial sounding of the market’s opening horn. The event marked the Johannesburg leg of the City’s national investment positioning roadshow.

Municipal officials from the Economic Growth Directorate joined representatives from industry bodies and business partners, including Wesgro, GreenCape, CapeBPO, UVU Africa, the Atlantis Special Economic Zone, Cape Town Tourism and other sector-focused organisations supporting investment, trade and economic development.

The programme also marked the launch of the City’s new global investment campaign, Cape Town. Built for Business. The campaign will roll out across multiple channels in more than 60 cities worldwide.

The City also showcased Maya, Invest Cape Town’s new AI-powered investment facilitation tool. Maya is designed to help investors navigate municipal processes and connect with relevant suppliers, partners and officials.

Invest Cape Town, the business and investment brand of the City’s Economic Growth Directorate, hosted business leader engagements in Johannesburg and Durban, bringing together senior representatives from businesses, investors, industry associations, investment promotion agencies and economic development organisations.

“Standing on the JSE trading floor and opening the market is something I will remember. But the real purpose of being here is much bigger. We are here to connect, collaborate and build relationships that can strengthen South Africa’s economic proposition,” said Vos.

“We are not here to compare Cape Town with Johannesburg or Durban. South Africa needs strong economic centres working together. We want to complement what other cities are doing and showcase the sectors and opportunities where Cape Town has a particular competitive advantage.”

These sectors include technology and business process outsourcing, manufacturing, tourism, the blue economy, renewable energy, creative industries and international trade.

The Johannesburg Business Leaders Forum gave the City and its partners an opportunity to engage directly with companies and investors about expansion plans, challenges and opportunities for collaboration.

“We need to get out of our offices and into the boardrooms. We want to hear from businesses about what they need, what is holding them back and where we can work together to unlock investment and jobs,” Vos said.

In Durban, the delegation visited Dube TradePort to learn more about its approach to developing manufacturing, logistics and industrial opportunities around its airport and trade infrastructure.

“We were particularly interested in seeing how Dube TradePort is creating an environment where manufacturing businesses can establish new factories and operations seamlessly,” Vos said.

The Durban programme also included an Invest Cape Town Business Leaders Forum, continuing discussions with businesses and strategic economic partners around investment, collaboration and inclusive growth.

The engagements highlighted the City’s new Manufacturing Support Policy, Business Support Policy and Ease of Doing Business Index, all aimed at making it easier for businesses to operate, grow and invest in Cape Town.

“Cape Town has a very clear proposition: we want to be the easiest place to do business in Africa. That means creating the right conditions for businesses to invest, expand and create jobs, but it also means working with our partners across South Africa.

“Ultimately, when Cape Town attracts investment, creates jobs and grows its economy, it strengthens the South African economy too. That is the message we are taking to the rest of the country and, now, to the world,” Vos said.

Consumer inflation slows in July 2026

The headline inflation rate cooled for the first time in five months, declining to 4,3% in July from 5,0% in June. The monthly increase in the consumer price index (CPI) was 0,2%, down from 0,7% in June.

The slowdown can be attributed to three main factors: softer inflation for food & non-alcoholic beverages (NAB); lower municipal tariff increases; and a decline in fuel prices.

Food inflation lowest in 16 years

The annual rate for food & NAB declined to 0,9% in July. This is the lowest print for food & NAB in more than 16 years, since June 2010 when it was 0,7%. Incidentally, that was the month when South Africa hosted the FIFA World Cup.

The lower rate for food & NAB in July 2026 was mainly due to cereal products and meat. Cereal products recorded an annual change of -2,0%, down from -1,5% in June. Several products recorded softer monthly rates, most notably maize meal (-3,1%), macaroni (-0,7%) and white bread (-0,6%).

Annual meat inflation slowed to 1,5% from 5,1% in June. Unprocessed beef products reflected negative annual price changes, with stewing beef at -7,9%, beef steak at -6,1% and beef mince at -5,8%. However, several processed meat products recorded an increase, including corned meat (+11,8%), meat patties (+7,8%), russians (+7,7%) and sausages (+6,2%).

Food & NAB categories that registered higher annual inflation rates in July include fruits & nuts; fish & other seafood; vegetables; oils & fats; cold beverages; and milk, other dairy products & eggs. Oils & fats, for example, saw its rate rise from 2,3% in June to 2,8%.

There are 144 food and beverage products in the CPI basket. The graph below shows those that recorded the largest price changes in July. Several fish products recorded sharp monthly increases, including battered or crumbed fish portions (+3,5%); fish fingers (+2,3%); hake (+2,1%); and canned fish (excluding tuna) (+2,0%).

Municipal tariff increases softer in 2026

Municipalities implement their tariff increases in July each year. Most CPI tariff categories saw lower increases in 2026 than in 2025. Electricity tariffs rose by 8,1% in 2026, down from a rise of 10,4% in 2025. A similar pattern was recorded for water tariffs (10,2% compared with 12,1%) and refuse removal (4,7% compared with 6,6%).

In contrast, sewerage tariffs increased by 7,8% in 2026, higher than the 6,5% rise recorded in 2025. Property assessment rates increased by 4,9% in both 2025 and 2026.

Fuel prices retreat in July


Annual transport inflation cooled to 8,9% in July from 12,7% in June, mainly due to lower fuel prices. Petrol prices decreased by 7,1% and diesel by 11,7% between June and July, pulling the annual rate for fuel down to 20,6% from 34,3% in June. Despite the monthly decline, petrol is 19,3% and diesel 28,8% more expensive than a year ago.
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