An international report has listed Cape Town as top startup city in South Africa.
Cape Town was placed in the top 150 of 1000 cities creating a favorable environment for start-ups to thrive.
A 2020 report by StartupBlink placed Cape Town, which is home to 60 percent of all South African startups on number 146 in the top 150.
Cape Town moved up 11 places from 157 in 2018 while Johannesburg took the 160th spot (up 88 places).
StartupBlink is a Global Startup Ecosystem Map and Research Center which ranks the startup ecosystem of more than 1,000 cities and 100 countries.
Speaking on the listing Executive Mayor Dan Plato said:
“We are pleased to see Cape Town placed so highly in the global ranking. Cape Town is home to almost two-thirds of start-ups in the country and this can be attributed to the many support structures we have put in place to assist entrepreneurs. The City of Cape Town has prioritized support for small businesses and entrepreneurs, and being ranked as number one in the country just goes to show that this hard work is paying off.”