Cape Town Carnival lifts local economy

Posted by Johan Fourie on 2018-03-15

The Cape Town Carnival, a Social Impact initiative under the leadership of Department of Economicis professor Rachel Jafta, is a spectacular experience of colour, creativity and diversity for spectators who flock to the famous Green Point Fan Walk year after year. The team behind it all has been working tirelessly for close to a year to bring the 2018 edition, to be held on the 27th of March, to life.‚Äč

“The Cape Town Carnival reaches more than 5000 community members in the broader Cape Town Metropolitan area and some rural areas, as well as about 55000 spectators annually. It contributes about R41 million to the local economy, creates jobs and enterprise development, and skills transfer opportunities,” says Prof Jafta who is Chair and founding trustee of the Cape Town Carnival.  “The University is a knowledge partner sharing its expertise with participating communities. The Carnival also offers opportunities to gain research data and conceptualise research questions that can lead to collaborative solutions with the participating communities."

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BER Weekly

17 February 2020
Last Thursday, President Ramaphosa delivered his State of the Nation address (Sona) to parliament. The statement gave recognition to the economic challenges SA currently face, especially regarding electricity supply. More emphasis was placed on the role of the private sector to help solve these challenges. Read more in the Current affairs section. On...

Read the full issue