Cape Town has overtaken Johannesburg as South Africa’s financial centre according to the latest Global Financial Centres Index (GFCI 24)
According to the latest Global Financial Centres Index (GFCI 24) by Z/Yen Partners and the China Development Institute(CDI), the Mother City is now the country’s financial centre. Cape Town makes its debut on the list, coming in at 38th while Johannesburg is at 57th, down five places from the previous rankings. Casablanca in Morocco still leads the way on the African continent in 32nd place, though.
The GFCI rankings rely on complex methodology and is considered a valuable reference for policy and investment decisions globally. The report is based on over 29 000 financial centre assessments and uses an online questionnaire as well as input from the World Bank and the Organisation for Economic Co-operation and Development.
|Cape Town is South Africa's new financial hub, booting Jozi out of touch
Cape Town has overtaken Johannesburg as South Africa's leading financial hub accoding to The latest Global Financial Centres Index. And Akani Simbine is on the cover, running in the Tokyo lane.