Businesses give city centre ‘thumbs up’

2016-03-22 06:00

Business is booming in the CBD and more companies are looking to cash in.

Since January over a dozen new businesses have set up shop in the CBD.

The Cape Town Central Improvement District (CCID) has recorded 11 to 15 new venues that have officially opened their doors in the area.

Tasso Evangelinos, chief operating officer of the CCID, says the new businesses range from eateries to clothing stores.

“We believe that anyone coming to open shop in the CBD is doing so because out of all the other urban areas and centres available to them in the city, the CBD offers them the best location and best possibility of making a success of their venue,” says Evangelinos.

“That’s an incredible thumbs up for the CBD.

“Very few businesses want to be based in an isolated area where there is no footfall past their doorstep. It’s the reason that shopping centres that are successful are so popular – they are centres where other successful businesses sit side by side, offering not only variety but healthy competition. We believe this is now what the CBD is becoming,” he says.

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