Is Cape Town rich or poor?
Is Cape Town rich or poor? Founded in 1652, it is the second-largest city in South Africa, with a population of over 4.7 million. Key dimensions of inequality include its high levels of poverty and unemployment.
Why is Cape Town so expensive?
High cost of living: The cost of living in Cape Town is generally higher than in other South African cities due to factors such as higher property prices, higher salaries for professionals, and higher transp.
What is the richest city in Africa?
Johannesburg was the wealthiest city in Africa as of 2021. South Africa's biggest city held 239 billion U.S. dollars in private wealth, while Cape Town followed with 131 billion U.S. dollars.