Economic Performance Indicators for Cape Town 2020 QUARTER 3 (July–September) WWW.INVESTCAPETOWN.COM EPIC 2020: Q3 1 ACKNOWLEDGEMENTS ACKNOWLEDGEMENTS The EPIC quarterly publication is a collaboration between the Enterprise and Investment, and Policy and Strategy departments of the City of Cape Town. The EPIC publication presents and analyses economic (and related) trends in Cape Town on a quarterly basis. This edition focuses on the third quarter of 2020, covering the period 1 July to 30 September 2020. ECONOMIC CONTENT AUTHORED BY THE ECONOMIC ANALYSIS BRANCH, POLICY AND STRATEGY DEPARTMENT Manager: Economic Analysis: Paul Court Project manager and author: Dilshaad Gallie Additional authors: Alfred Moyo Monique Petersen Jodie Posen Yoliswa Tiwe MARKETING, DESIGN AND DISTRIBUTION BY THE INVEST CAPE TOWN TEAM, ENTERPRISE AND INVESTMENT DEPARTMENT Manager: Place Marketing: Rory Viljoen Project manager: Tarryn Voigt-Mallum Success stories: Caryn Jeftha HelloFCB Kim Whitaker Email:
[email protected] [email protected] Online access: www.capetown.gov.za/EPIC ADDITIONAL SOURCES OF INFORMATION City of Cape Town Planning and Building Development Management: Marius Crous Lizanne Ryneveldt City of Cape Town Electricity Generation and Distribution: Cornie Malan 2 EPIC 2020: Q3 FOREWORD Although the full effect of the various stages of Even before Covid-19, many businesses found the national lockdown is yet to be quantified, the themselves in distress, and the pandemic has short-term costs for the economy have been dire. exacerbated this situation. The challenges are Early on in the global Covid-19 pandemic, I set up not just financial, as most of these businesses an essential task team to work on our response are struggling with productivity, or streamlining to the impact of the lockdown measures.