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Population: 433,688

Banking and Finance in Cape Town, Western Cape: What do you need to know?

Cape Town, Western Cape, South Africa — Source

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From retail banking to investing, here's what six local experts had to say about finance in Cape Town, Western Cape.

Cape Town is one of the most beautiful cities in the world with an incredible number of things to do in a relatively small area. You do need your own transport and accommodation can be expensive in some of the more sought-after areas. But the local currency is relatively weak so EU and US visitors should find it affordable overall. Put it on your bucket list!

HELPFUL REPORT

Cape Town is the most beautiful city in the Southern Hemisphere. There is such a wide range of landscapes, mountains, forests and ocean. The people are friendly and welcoming, and a favourable exchange rate makes it inexpensive for tourists. While it is a perfect outdoor destination, the cultural and historical sites are also numerous and captivating.

HELPFUL REPORT

Anyone considering moving to Cape Town should pack clothes for different weather, as the weather in Cape Town changes abruptly. Make sure that your budget caters for the fact that Cape Town is relatively expensive compared to other South African cities. There is also a very high crime rate in the city, which means tourists need to take extreme caution when travelling, especially in residential areas.

HELPFUL REPORT

I’m a born and bred Capetonian and am very happy living here. The cost of living is pretty affordable and life is generally quite good if you have some money as our currency the Rand is quite weak. If you can afford to live in a middle-class suburb, any crime you may experience is the risk of burglary, on occasion you may hear of a home robbery. Almost everyone is linked to a private armed response company. You will see private security vehicles on most street corners, police not so often. Homicides seldom occur in the suburbs. The folks living in the Cape flats have it quite tough as gangsters rule those streets and that is where most killings occur. If you remain alert and act responsibly, Cape Town has a lot to offer.

Cape Town is a breathtaking city on a beautiful peninsula. Most of the information you need you will find from all the great guide books and websites. Try and live near where you work and if you must commute, try to drive against the traffic. The seawater is freezing since we live near the Atlantic Ocean. The peninsula also means that Cape Town is not one monolithic city, but more a series of interwoven urban villages, each with their characters. Try and go on city free walking tours, take the red bus rides and explore the city. Cape Town is the most beautiful place on earth.

HELPFUL REPORT

If you love beaches and mountains, Cape Town is the place for you. This city isone of the most beautiful places in the world. Cape Town also houses Table Mountain; one of the seven Wonders of Nature. Looks aside, there are many areas that could suit your budget. (Cape Town does have a high crime rate, and some suburbs are a lot more dangerous than others.) There are a variety of shopping malls and entertainment places, and you’ll never have to go far for something you’ll need. If you are looking for a forever home, Cape Town could very well be just that.

HELPFUL REPORT

Cape Town is a beautiful and vibrant city, but it has its problem. The crime rate is fairly high, and new residents will need to exercise caution. Anyone moving to Cape Town from a foreign country should carefully assess the exchange rate between the Rand and their local currency. The natural splendor and thriving energy of the city make Cape Town a worthy place in a new life.

HELPFUL REPORT

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Banking and Finance in Cape Town, Western Cape: What do you need to know?

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