Year after year the Western Cape outperforms South Africa in GDP growth.
In spite of the discriminative and centralised ‘Division of Revenue Act’ which extracts almost half of the Cape’s revenue out of the province, the Western Cape still manages to outperform South Africa as a whole in GDP growth.
An argument often presented in opposition to Cape independence is that the Cape is economically dependent on South Africa and specifically Gauteng. Analysis of the facts soon disperses this myth.
There are countries around the World that are a fraction the size of the Cape, with a fraction of the resources, in far less desirable geographical locations that are economic power houses (high income per capita, low unemployment): Singapore, Luxembourg, Lichtenstein, Monaco, Mauritius, South Korea, Switzerland, Hong Kong etc… What many of these countries share is good political and economic policies. There is no reason why a Cape Republic could not join some of the highest earning income per capita countries in the world, coupled with the lowest unemployment levels.