V&A Waterfront Economic Contribution Report 2018 The fourth instalment in our bi-annual economic impact report quantifies the economic contribution made by the V&A Waterfront to Cape Town and the country. It shows an incredible, accelerating upward trajectory.Highlights illustrate:The Waterfront’s 2018 contribution to direct GDP was R9.3bn and R31.5bn to total GDP, while the cumulative contribution since 2003 was R76bn to direct GDP and R255bn to total GDP.In 2017, economic activity grew in real terms by an astonishing 13.5%, compared to (calendar year 2017) the Western Cape GDP growth of 0.5% and the country at 1.5%.There were 23 000 people working at the V&A Waterfront itself, while total employment (including indirect jobs) was 66 000.Highlighting the increasing focus on enterprise development and start-ups, there were 396 businesses operating in this sphere, with a total turnover of R329m. Average firm turnover was R1.5m, while more than 2 800 people owed their livelihoods to enterprise development and start-ups. DOWNLOAD 2018 EIA REPORT DOWNLOAD 2016 EIA REPORT DOWNLOAD 2014 EIA REPORT
