Open for Business Cape Town Central City

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Open for Business Cape Town Central City CAPE TOWN CENTRAL CITY IMPROVEMENT DISTRICT MOVING TOWARDS A 24-HOUR CENTRAL CITY 08:00 09:00 10:00 11:00 12:00 TIME REAL 20:00 21:00 22:00 23:00 24:00 SAFE | CLEAN | CARING | OPEN FOR BUSINESS Metropol T Gol MAIN f Cours REGEN it T an e BE F A KLOO CH L HIGH LEVE MAI N GREEN POINT L HILL SIGNA RD S IG NAL HIL L V & A W A TERFRONT CAPE TOWN CENTRAL CITY IMPROVEMENT DISTRICT: ANNUAL REPORT 2018 C 01:00 02:00 03:00 04:00 05:00 06:00 07:00 08:00 09:00 10:00 11:00 12:00 T E S OMER S BO-KAAP TAMBOERSKLOOF B TO BUITENGRACHT M U e P ITENSI TABLE MOUNTAIN KLOOF NEK Heritage c h r Orph New C hurch e Square a & CAMPS B B s Bloe AY u t u w i m a te BREE i n c NG BREE m L n h P L ijdo e r e O t W e W E p S S R N u C p C a h STRAN North Whar L s f i w A G h t e H e a o D W LOOP e Square u M L r e b s r o o r L OOP Han T t r n t e A u k A m r c l E e e a p t h L R k R a n F E KLOO K r R t D S k E heed L e ON I G T S F t LONG LOO LOWER LONG U E G K B L e NG r A l R U o O e e e Thibault Keerom Greenmarket A m n Burg Burg Lwr Burg Square Jetty CTICC Square V E R i Queen Victoria e b St Georges Mall e e Pier GARDENS THE COMPANY’S GARDEN k Place Government Ave HEERENGRACHT E ADDERLEY S p AL Parliament i D n N Parliamen H t NELSON MANDELA BL NA FW DE KLERK BL Church A N CAPE TOWN Square R A RAILWAY B De Waal HATFIELD PLEIN STATION O Park H E U G R A r B T l a F Malan R b D a n Z C C e d r R O a r r o P a l t O m G a e City u c D r ELA d VD s m k a Hall B Founders A o d e L e n R Garden r V c L N D i VD I a D O MIL N l l G d L M a Civic Jan Smuts r Centre BUITENKANT i n e L J T MartinH o a a u c m i Harringto k ITENKAN n s Civic m U Castle of C B G r Good Hope e r Harrington a r a i s d CAN Square g TERB c URY n h e ORANJEZICHT l r STRAN a g CHRISTIAAN BARNARD D J K UTLAN E I Z E D R G MANDELA TO R N B NELSO LVD G D A A P C U AA H TE T S R IR N L/ L G ROELAN T O R W O R Y R DISTRICT SIX O A AIRP D O CPUT T NE PHILIP KGOSANA W MA N2 R KE The Cape Town Central City T Improvement District covers an area of 1.6km² and is divided into four precincts for operational purposes. TO MUIZENBERG M3 CAPE TOWN CENTRAL CITY IMPROVEMENT DISTRICT: WOODSTOCK Striving for a A public-private partnership, the Cape Town Central City of Cape Town and the South African Police Service (SAPS). Central City district Improvement District (CCID) was established in November Operating as an NPO with its own board of directors, the that is safe, clean, 2000 by local property owners with a vision for the Cape CCID liaises across both the public and private sectors, Town CBD to rise from the crime and grime scenario it had working together with each to develop, promote and caring, open for fallen into, to once again become a safe, clean and caring manage the Cape Town Central City. business and a urban environment. centre for all. The Central City is considered to be South Africa’s most The term “City Improvement District” (CID) refers to a vibrant and safest downtown. With the CCID having specific geographical area – approved by the City Council achieved its original mandate to establish the area as in terms of the municipal Property Rates Act, Section 22 a successful work, live and play destination where it is [Special Rates Area (SRA)], and the SRA bylaw – in which “business as usual” for all its stakeholders, it has in the complementary top-up services are provided. In the case of past few years also turned its sights towards showing the the CCID, these top-up services are provided in addition to world beyond its boundaries that it is “open for business” those rendered by its primary partners in the CBD – the City and further investment. CAPE TOWN CENTRAL CITY IMPROVEMENT DISTRICT: ANNUAL REPORT 2018 13:00 14:00 15:00 16:00 17:00 18:00 19:00 20:00 21:00 22:00 23:00 24:00 ANNUAL REPORT 2018 FOR THE YEAR ENDED 30 JUNE 2018 Chairperson’s review: Chief executive officer’s message: Building blocks for a A 24-hour CBD: A dream Moving the Central City forward 24-hour CBD: Working towards being realised on the clock a common goal Safety & Security Urban Management Social Development Communications CCID 2017-18 surveys and Annual financial statements: reflecting on CCID’s 18 years in operation 27 Directors’ Responsibility Statement 28 Directors’ Report 29 Independent Auditor’s Report 30 Statement of Comprehensive Income 31 Statement of Financial Position 32 Statement of Changes in Equity 33 Statement of Cash Flows 34 Accounting Policies CCID staff and Acknowledgments: 36 Notes to the Financial Statements board members thanks and credits 42 Detailed Income Statement 1 CAPE TOWN CENTRAL CITY IMPROVEMENT DISTRICT: ANNUAL REPORT 2018 01:00 02:00 03:00 04:00 05:00 06:00 07:00 08:00 09:00 10:00 11:00 12:00 A 24-HOUR CBD: A DREAM BEING REALISED Looking back at the Cape Town Central City Improvement District’s (CCID) vision, which was formulated 18 years ago, and my own vision for the Central City when I began my tenure exactly eight years ago as chairman, it makes me proud that our dreams are being realised. The CCID was founded with a vision for the Cape Town CBD The latest wave of residential development in the Precinct 1 to rise from the “crime and grime” scenario it had fallen (Foreshore) area will cement Bree Street and its surrounds into in the late 1990s, to once again become a safe, clean as a great place to live, and this is set to trigger other and caring urban environment. On a personal note, when opportunities for growth, further enriching the Central City I began my tenure as chairperson in 2010, I stated in as a whole. Another example is the resurgence of the East that years’ report that: “It is my wish for the Central City to City (Precinct 4) area which also appeared to stagnate for become a truly 24-hour city.” Eighteen years down the line, a while following the bursting of the residential property our CBD has risen to become a vibrant CBD for investment. bubble around 2008. But today, with new developments And, with it being eight years since I uttered those words, and refurbishments in the area, the investment value of we can boldly say, we are moving towards a 24-hour city. the East City is rising. In 2017-18, the CCID Getting to where we are now didn’t happen overnight and The CCID’s recently published annual investment guide, delivered its 18th clean it has not been an easy road. However, through the help of The State of Cape Town Central City Report – 2017: audit in a row. Turn to our partners and stakeholders, action was taken and results A year in review reveals that there is a total of R24 billion page 26 to read the CCID’s have been achieved. We began with the end in mind and worth of development either on the go or on the cards financial statements. along the way we have learnt (and continue to learn) what across the entire CCID footprint, including all the buildings to do day-by-day and week-by-week to get there. We can that opened their doors in 2017. In addition, there are even go so far as to say hour-by-hour with the CCID itself 3 157 businesses in various categories operating in the being a 24-hour, 7-days-a-week operation. CBD. This, and the fact that we are now moving towards a 24-hour CBD, is a further testament that our downtown In 2010, the Central City was still recovering from the 2008 continues to experience a vote of confidence from both global financial crisis and, like all CBDs, we had taken quite business and residents. a knock. However, hard work, creativity and determination from the CCID team hastened the recovery of our downtown and today we are fortunate to be in a strong position. What WHAT, EXACTLY, IS A 24-HOUR ECONOMY? is encouraging is that we have seen material advances in A 24-hour economy is one in which there is economic every sector of the Central City’s economy despite tough activity throughout the day and night.
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