In the Western Cape, a demographic shift is underway as the youth constitute nearly half of the population, while the number of elderly residents aged 60 and above continues to rise, signalling an emerging trend of an ageing society amidst declining fertility rates, Cape {town} Etc reports.
These are some of the findings contained in the 2024 Provincial Economic Review and Outlook (Pero) tabled by Western Cape Finance MEC Deidre Baartman in the legislature yesterday.
According to IOL , the annual publication informs policymakers and municipalities in the Western Cape about socio-economic trends affecting policy, planning, and budgeting.
Baartman noted that weak logistical networks and declining public transport systems hinder the provinces economic potential, with railway transport suffering from under-investment and vandalism.
With this in mind, The Port of Cape Town deteriorated ever further in 2023, to the worst performing port in the world, according to the global Container Port Performance Index.
