It's expected that by 2050, nearly 70% of the world's population (compared to 55% today) will reside in urban areas. Urban centers are at the forefront of sustainable development. Today (31st October) marks the UN’s World Cities Day, a day earmarked to raise awareness about the importance of sustainable urbanization and to encourage cooperation among nations, regions, and cities to address urban challenges. World Cities Day also holds special significance this year as it coincides with major visa reforms recently gazetted, including the introduction of the Remote Work Visitor Visa. 

Murray Clark, CEO of the Cape Town Central City Improvement District (CCID) board, believes the new regulation strengthens the economic case for the CPT CBD and is likely to attract even more investment.