Cape Town Partnership 2010 Annual Report

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Cape Town Partnership 2010 Annual Report

Transcript of Cape Town Partnership 2010 Annual Report

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Express, innovate, write, design, perform and inspire – all essential elements of a vibrant city culture and all abundant in Cape Town. By engaging with cultural organisations we want to transform the Cape Town of the future into a creative and knowledge economy.

Share, coach, educate and assist – these abilities enable people to change attitudes and learn from each other. We have relished the opportunities to share our experiences, communicate them to others and gain knowledge from them for our own endeavours.

Mould, form, build and construct – essential actions that shape the spaces we live, move and work in. We were a lot more successful this year in shaping the life of our inner city into one that engages and integrates its inhabitants.

CAPE TOWN PARTNERSHIP

ANNUAL REPORT 2010

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MISSIONThe Cape Town Partnership is a development-facilitation

agency focused on the mobilisation, coordination and alignment of public, private and social resources.

Our mandate is to develop, manage and promote the Cape Town Central City as a place for all and a leading

centre for commercial, retail, residential, cultural, tourism, education, entertainment and leisure activities.

Our vision is for a productive, welcoming and diverse Central City that retains its sense of history, while shaping

a common identity for all the people of Cape Town.

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C H A I R P E R S O N ’ S R E V I E W . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .P R O F I L E : K E V I N R O M A N . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .P R O F I L E : A N D R E W B O R A I N E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .C H I E F E X E C U T I V E ’ S R E P O R T. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .P R O F I L E C H A R L E S G A N G E R . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .R E - I M A G I N E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .P R O F I L E : S H A M E E L H O - K I M . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .S H A P E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .P R O F I L E : T H E M B E S I Y A C H I R U M E . . . . . . . . . . . . . . . . . . . . . . . . . . .M I N G L E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .P R O F I L E : H E A T H E R M O O R E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .C R E A T E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .P R O F I L E : L E R A T O B E R A N G A N D R O G E R V A N W Y K . . . . . . .N U R T U R E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .P R O F I L E : T R E V O R E B D E N . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .R E N E W . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .T H A N K Y O U . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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T H E C H A I R P E R S O N ’ S R E V I E W

A MOMENTOUS

YEAR

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C H A I R P E R S O N ’ S R E V I E W

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I feel immensely privileged to have assumed the role of chairperson of the Cape Town Partnership (CTP) during such a momentous year. Before I re!ect on the year that was, it is my pleasure to thank my predecessor, Shaun Johnson, for his commitment to the Cape Town Partnership and its goals during his seven-year tenure. I know that I have large shoes to "ll!

I welcome my colleague, Rob Kane, the new CCID chairperson who assumed the role from the CTP/CCID stalwart Theodore Yach, who stepped down after four years. I am pleased to report that Theodore’s insights are not lost to us; he agreed to remain on the CCID board.

We congratulate the City, Province and FIFA’s Local Organising Community for a job well done. Our beautiful new Cape Town Stadium was "lled to capacity for each of the eight matches we hosted – more than half a million people watched the games there. Close to 600#000 people streamed through the Fan Walk, a very popular pedestrian route connecting the

Central City to the stadium. At the FIFA Fan Fest at the Grand Parade 560#000 visitors and locals watched the soccer on the big screens.

And guess what? The Central City remained clean. For the

duration of the tournament, no major incidents or crimes were reported. Visitors and locals spoke with awe about feeling safe and secure. Our streets were "lled at night, which bodes well for the night-time economy. Many locals discovered new and not so new forms of public transport and rediscovered their city centre.

This is what happens when all spheres of government cooperate; when public and private enterprises and other stakeholders work together. We’ve proven to ourselves and the world that we can host large-scale events; that we can meet dead-lines and above all, that our people are warm and welcoming. We now know that all is possible. We were glad to be able to play our role in the event.

I want to thank our own partners and stake-holders for helping to make the past year such

After years of planning, the 2010 FIFA World Cup™ has come and gone. We all became infected with soccer fever – whether by wearing yellow jerseys on Fridays, or adorning our cars, homes, offices and persons with various forms of the South African flag. The flag flew high in Cape Town, as the Mother City opened her arms to the world.

Capetonians welcome the world under the soccer-themed festive lights in Adderley Street.

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a success. I thank, in particular, my fellow board members who remain committed to the Central City beyond 2010. Thanks, too, to the media, who report on our activities and hold us to account.

Finally, to Andrew Boraine and his team of dedicated sta$ at the Partnership and the CCID, thank you for all your hard work that goes into making the Central City a success every day. Much work goes on behind the scenes – CCID support sta$ work 24 hours a day so that Cape Town can wake up to clean, safe city streets. This has created an environment conducive to development and progress, and one that invites visitors and locals to enjoy the Central City’s many attractions.

Thank you, too, for your vision to use creativity to accelerate the development of the Central City and for the many ways you support creative businesses working in the greater Cape Town area. Thank you for the support you o$er organisations and individuals seeking to replicate the success of the unique partnership that distinguishes the Cape Town Partnership and the CCID. Thank you for continuing to engage with a wide range of people – be they groups of more than 100 or one-on-one – for a walk through the streets of the Central City or a chat.

It is clear that there are many more memorable years to come!

KEVIN ROMANCape Town Partnership Chairperson

K E V I N R O M A NMaking properties prosper is something that he knows inside out. Add this expertise to Kevin Roman’s evident passion for the elements that made the Cape Town of his youth such a vibrant place, and you have a formidable combination at the helm of the Cape Town Partnership (CTP).

Kevin held the position of chairman of the Western Cape Chapter of the influential South African Property Owners Association (SAPOA) from 2005 to 2007, and is now a SAPOA board member at national level and its incumbent president elect. His extensive experience in the property industry spans all of 21 years and at present he is the Western Cape chairman of the South African Council of Shopping Centres.

With an 11-year tenure at CTP he was eminently suited to take the reins this year. He has set his sights firmly on making the CTP model for the Central Cape Town a catalytic one. “The CBD is a sub-brand of the city and as such what happens here should ripple through the entire city,” he says.

He plans to continue playing a strong supportive role in endeavours to make the CBD the heart of a working city. “What we have seen is a transition from a CBD where decline was arrested to a thriving CBD with new developments, rather than just refurbished buildings,” he says.

He is pleased that the Partnership has been so successful in recent years in working particularly closely with the City’s officials, and attributes this to the ability of the CTP to transcend institutional politics.

Kevin was born and bred in Green Point, and his own World Cup experience was filled with immense pride to see years of planning come together so successfully in the 2010 World Cup. “I attended seven of the eight matches and it showed me that we are a great city and proved we could do it even in a short space of time.”

Kevin is a passionate soccer player, playing actively until last year, and on weekends he loves umpiring his son’s baseball matches and refereeing soccer games.

Images that greeted our visitors.

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A N D R E W B O R A I N EAs Chief Executive of the Cape Town Partnership, Andrew describes himself a tad wistfully as a translator – interpreting the private sector to the public sector and vice versa… and sometimes explaining the community sector to both. A respected commentator on trends for cities and a writer, he will be doing some work with the Africa Centre for Cities at the University of Cape Town next year.

What was your best memory of the 2010 World Cup in Cape Town? One of the "nest moments for me during the event was an evening on the Fan Walk. I was walking over the pedestrian bridge into St Andrew’s Square along with thousands of fans. At that very moment the beautiful words of the chorus of Puccini’s ‘Nessun Dorma’ sung at full voice by the Cape Tenors swept over us. I just thought to myself: “It can’t get better than this!”

How does your 2010 experience allow you to re-imagine the city now and in the future?It has led to quite a change in attitudes among a lot of people who are now saying to others: “Oh, how I enjoyed the Fan Walk! Gosh, was the public transport not fantastic? Cape Town’s streets were amazing at night time.”

How do we take that exceptional experience and make it the norm and not the exception? That is our challenge. How do we democratise our public spaces and enjoy that feeling of being part of a big crowd – that we don’t have to be con"ned to a car or stay in our buildings or homes to be safe.

We need to build on this momentum that public spaces are there to be used by all – the importance of participating in public spaces with our fellow citizens.

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Who can forget the image of South Africa’s name emerging out of the envelope and Nelson Mandela beaming at the news when we were announced as the winners of the bid to host the 2010 FIFA World Cup™ ? The victory of the moment assuaged our disappointment at losing out to Germany by one vote in the previous bid.

We began planning for the World Cup more than four years before the "rst whistle blew, always seeking ways to leverage socio-economic bene"t from the event. Thanks to the World Cup, Cape Town now boasts R14-billion of new infrastructure, much of which is linked to improved transport systems.

On 4 December 2009, the FIFA Final Draw attracted 100#000 revellers to the Central City and held the world’s attention. In the months leading up to the World Cup, our 2010 Central City Partners Forum engaged with stakeholders in order to ensure vibrant fan activation and citizen participation during the World Cup. We hosted monthly walking tours of the Fan Walk route. The CCID trained all 240 of its security o%cers as Central City Ambassadors, able to assist with information such as match schedules, transport queries and directions.

The highlight of our participation of course, was the Fan Walk, which we managed on behalf of the City of Cape Town. No-one imagined that more than 600 000 people would use it in the middle of a Cape winter. It was an unforgettable experience.

The event marked a temporary shift in the way people travel to the city centre and how they engage with it. Opportunities to use new and existing forms of transport will hopefully bring about long-term changes in the attitudes and behaviour of those who commute to the city. New pedestrian- and bicycle-prioritised pavements invite visitors and locals to walk and cycle our city streets. The two pedestrian bridges over Buitengracht make it that much safer to do so.

Being part of a successful World Cup has enhanced our reputation and our own sense of pride as an organisation and as a city. For four weeks, we came together on the streets like we did in 1994 during the transition

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to democracy. The World Cup was an exceptional experience. The key question is: how do we make the exception the norm?

But the past year was about more than soccer.

It was about our committed people … In May, Shaun Johnson, chairperson of the Partnership, stepped down after seven years at the helm. Thank you for all your support and encouragement over the years.

We welcomed our new chairperson, Kevin Roman, Group CEO of Hermans & Roman Property Solutions, who has been a member of CTP since its inception. CCID chairperson Theodore Yach, also one of the Partnership founding members, resigned the chair but will remain on the CCID Board. We welcomed Rob Kane, a director of Vunani Properties as the new CCID chairperson.

It was about our shaping of the city … Our Central City Development Strategy

has progressed to Phase 2. A new report, Development Guidelines for Land Use Management in the Central City, was presented to the City’s planning department and was approved. This paves the way for a wider consultation process. We supported the Provincial Regeneration Project, which aims to use public assets to leverage socio-economic bene"t, and look forward to its success. Our East City Design Initiative, which aims to establish a hub for design, media and ICT in the East City, was designated as a Cape Catalyst Project by the Provincial Department of Economic Development and Tourism.

Imagine City Hall, a citizen-activation project, was launched to draw support for the development of the Cape Town City Hall as a dedicated cultural venue.

The Integrated Rapid Transport system has begun to make mobility in our city much smoother, safer and reliable.

Beautiful old Cape Town City Hall can become a dedicated cultural venue in the future.

Right: Shaun Johnson shares a moment with Andrew Boraine at his farewell function.

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It was about getting the message out there … We have continued to walk a wide range of groups through the Central City every week. We found new ways of communicating – we built and strengthened our communities on platforms such as Facebook, Twitter and YouTube, and streamlined our website. Personally I have enjoyed the challenge of writing a new blog – Cities for People.

It was about fuelling the creative impetus of our city … We created momentum around our bid for World Design Capital 2014. This refers to a title awarded every two years to a city that uses design to promote social, economic and cultural development. We launched the Cape Town Design Network – a monthly clusters initiative with design practitioners. We celebrated a new theatre, The Fugard, the new home of the internationally acclaimed theatre company, Isango Portobello, in the Sacks Futeran building, Caledon Street. We welcomed the Hip Hop Museum in Buitensingel Street, which is aimed at developing

the skills of young people and documenting the long history of hip-hop as it links to community development in the Cape.

In particular I would like to congratulate the CCID on its 10th anniversary. The Cape Town Partnership was instrumental in designing and implementing the CCID, and it has been proud to remain the managing agent ever since.

The CCID exempli"es the maxim – get the basics right and all else follows. The work of the CCID on safety, security, cleaning and urban management as well as on social development and job creation, has ensured that Cape Town Central City has remained productive, welcoming and diverse.

With the CCID focusing on day-to-day operational issues and the Cape Town Partnership on planning and strategy, the two-tier model of development facilitation through public-private partnerships continues to prove its e$ectiveness.

ANDREW BORAINECape Town Partnership Chief Executive

RIGHT The city gained a new theatre, The Fugard. BELOW AND FAR RIGHT Many people preferred the walk to the stadium rather than taking motorised transport.

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C H A R L E S G A N G E RWhat was your best memory of the 2010 World Cup in Cape Town? It was quite a strange feeling driving so many di!erent nationalities! People of all colours and creeds were standing cheek to cheek in the buses, but there was never any incident of racism. The harmony and happiness was wonderful to see. To me this was the time I saw South Africans really live up to be a “rainbow nation” and people of all colours embraced one another during the celebrations. This was one of my great memories.

I also felt proud of the job our buses and drivers did on those match-day shifts. Some nights we ferried thousands of people to the

stadium and back until everybody was sorted out – these shuttles ran until around 02h00 in the mornings. We never felt tired though, as the energy of it all swept us along.

How does your 2010 experience allow you to re-imagine the city now and in the future?I hope the success of the World Cup has made transport associations in the city see the light. The integrated transport system will make things easier for many people and bene"t the commuters and the operators. So as long as all the di!erent parties in the business can keep working together, this will be a good legacy.

Charles knows public transport through and through having started his career as a heavy-duty bus driver in 1974 with City Tramways. Today he drives one of the new articulated buses bought for the Integrated Rapid Transport, but his taxi business also serves commuters in the suburbs.

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RE-IMAGINEVisualise, project, dream and believe – these human qualities allow us to have vision and hope. Cape Town has been changed by what we saw as our city came alive with people, activities, events and places. We can now dare to imagine a more liveable city, a more friendly city for walkers and cyclists, a safer city and a more entrepreneurial city.

In 2008, the City of Cape Town and the Cape Town Partnership published the Central City Development Strategy – a framework to guide change and manage growth over the next 10 years. In light of the 2010 World Cup experience, we’ve begun to review and update our strategies.

We will now focus on the following issues: densi"cation and the provision of a$ordable accommodation public transport and non-motorised transport improvements public space use growth of creative industries a cultural, sporting and business events strategy

The Development Guidelines for Land Use Management Report is one of several components

of the CCDS process. One of the "ve big ideas of the CCDS is to divide the Central City into neighbourhoods. This paves the way for development protocols based on local characteristics such as building-height restrictions, development densities, views, heritage and conservation, active streetscapes and parking ratios in buildings, among other things.

A Neighbourhoods Studies project was commissioned with the aim to translate the private- and public-sector development visions, aims and frameworks into a clear set of guidelines that provide a consistent basis for developmental decision-making by public o%cials and, at the same time, gives direction and certainty to the private sector. The study focuses on how to translate urban design good practice into tangible land use management tools. The study area comprised 12 of 20 neighbourhoods.

The Cape Town skyline in 2010 was lit up with the impressive Wheel of Excellence.

The new Cape Town Station is ready for the 21st century.

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BIG IDEASDEVELOPMENT GUIDELINES FOR LAND USE MANAGEMENTThe main characteristics of the plan are: analysis of the urban design, town planning and heritage features of the study area

identification of the areas similar to each other a diagram indicating the development intent for the study area, including the plan for building heights, street interfaces, major transport linkages and important views

guidelines on how to deal with applications to ensure that rezoning and departures achieve the development intent

recommendations for further work or amendments to existing policies to bring them in line with the development intent.

Put into practice, the development guidelines will improve the quality of the Central City by promoting people-friendly streets, increased residential opportunities, and protection and enhancement of important views, heritage areas and green spaces.

As much as we re-imagine our built environment, so too must we re-imagine our reputation and the messages we convey. The City of Cape Town is looking at bidding for and hosting future events. We believe that the Central City is integral to an event strategy, given its many venues, public spaces, accommodation as well as retail, trader and entertainment activity zones. An events strategy will work only if it is based on a combination of ensuring local participation, enhancing the visitor experience, promoting Cape Town and leaving a lasting legacy. What better way to leverage the lessons learned from hosting the World Cup than for future events to use public transport, park-and-ride facilities, public spaces and walkways?

A truly liveable city is one where it is the norm rather than the exception to walk (and cycle), to use public transport more than private motor vehicles and to be on the streets at night. We believe that a greater focus on promoting, expanding, managing and maintaining public spaces and pedestrian routes in our city will reinforce our ability to increase the number of cultural, sporting and business events in the city, and support higher levels of socio-economic development.

In order to respond to this, there needs to be a paradigm shift in our tourism marketing message, which for years has been based almost entirely on promoting our natural environment. Instead of the traditional focus on “escaping the city”, the new message needs to be about engaging with the city and its people.

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S H A M E E L H O - K I MWhat was your best memory of the 2010 World Cup in Cape Town? What I enjoyed the most during the World Cup was seeing Capetonians enjoying their city again.

Seeing the pride of the city o%cials and of Cape Town residents was a truly gratifying experience.

I was also moved to see my mom’s reaction to the whole experience. She was born and grew up in District Six, where celebration was traditionally shared in the street by all. She was quite emotional about seeing this spirit of old Cape Town revived again – an experience she thought would be lost forever.

How does your 2010 experience allow you to re-imagine the city now and in the future?It proved to me that the City can function as one entity. We showed that even the biggest plans can be realised when people have a common goal and come to the table to "nd solutions, not obstacles ...

National Government, the City o%cials, the businesses, the residents and NGOs all contributed and worked together, celebrating the spirit and achieving the targets set. Everybody came to the party, "xing buildings, decorating the streets – just generally owning the process and not waiting for someone else to do everything. It just showed how we can all bene"t from this spirit.

Shameel is a City of Cape Town project manager who spent the last three years coordinating 2010 projects. He walked that famous Fan Walk countless times before the event – and never missed even one of the match-day events. As a proud City official, he would not have had it any other way …

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SHAPEMould, form, build and construct – essential actions that shape the spaces we live, move and work in. We were a lot more successful this year in shaping the life of our inner city into one that engages and integrates its inhabitants.

Interventions and improvements around the 2010 FIFA World Cup have changed the way that visitors and, particularly, locals interact with the city. One of the great intangible legacies of this event was in countering perceptions of how to reach the Central City, how to move through it and how to enjoy its spaces. In fact, it provided new reasons to be in town and new times to do so.

Projects like the Hospital Bend pre-selection lanes have improved entry to and egress from the Central City. However, we maintain that Cape Town needs to move away from a car-based city in favour of a safe and reliable public transport

system. The World Cup provided an opportunity to accelerate the City of Cape Town’s Integrated Rapid Transport (IRT) programme. IRT will enhance access and mobility. It will help address the political, economic and social costs associated with disconnected parts of the city.

Integrated Rapid Transport (IRT) – safe, reliable transportation on dedicated routes – is the cheapest form of car-competitive public transport available to cities. It can drive the necessary city-densi"cation processes with more compact development clustering around stations and along public transport corridors.

2.5kmThe Fan Walk stretches 2.5km from Cape Town Station to the new stadium.

The main transport hub in Herzog Boulevard outside the Civic Centre is within easy walking distance of Cape Town Station, the Golden Acre bus terminus, the Cape Town Station deck minibus taxi rank and the long-distance bus terminus.

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During the 2010 World Cup MyCiTi, the name given to our IRT system, provided services to and from the Cape Town Airport. Two inner-city routes linked accommodation and entertainment nodes in town. Match-day services from park-and-ride facilities and the Atlantic Seaboard, all transited through the new transportation hub at the Cape Town Civic Centre on Hertzog Boulevard. These services were speci"cally designed to cater to World Cup visitors, but encouraged all Capetonians to experience the e%cient, clean, safe and reliable means of mobility. More than 135 000 passengers

took advantage of this facility during the June/ July period.

The City will operate an interim MyCiTi inner-city service for the next year, and plans to relaunch a more comprehensive service in October 2011.

At a full council meeting to report back on the event, Executive Mayor Dan Plato con"rmed that no signi"cant incidents or crimes were reported throughout the tournament. “Our city was clean and it ran smoothly and e%ciently,” Plato said.

Over the past 10 years, the CCID’s security department has assisted at large-scale events, while

“Approaching [the stadium] from Sea Point was an absolute pleasure. Traffic officers gave us friendly directions; we found parking easily. There were hardly any traffic jams, and we walked down to the stadium. It took us only 20 minutes from leaving home in Camps Bay to having a beer on the sidewalk with hundreds of other happy fans!” Kevin Vermaak, founder of Cape Epic and Grandstand Management

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The Cape Town Station precinct is used by around 190!000 people daily. The R408-million upgrade has transformed the look and feel of the station – from dated and dark to light and modern. A new concourse and ticket counters, retail stores, offices, ablution facilities and a food court are a few of the improvements.

Spanning 2.5km from Cape Town Station, the Fan Walk, the pedestrian route embraced by visitors and locals, connects the Central City to the Cape Town Stadium in Green Point. Construction on the 55!000-seat stadium (boosted to 68!000 with the addition of temporary seating for the World Cup) began in March 2007 and was completed 33 months later at a cost of R4.4-billion. Set in an urban park, the striking new stadium complements Table Mountain as an iconic image of Cape Town.

The Grand Parade, South Africa’s oldest public space, was given a new lease on life just in time to host the 560!000 spectators who attended the FIFA Fan Fest held there during June and July. Upgrades involved resurfacing the entire area, the installation of new lighting, planting a double row of stone pines around the perimeter and a dedicated trading area.

its urban-management team has helped to ensure that clean-ups take place after events before the city awakes to a new day. So, for the CCID, the 2010 FIFA World Cup was largely ‘business as usual.’

By April this year, the CCID, together with its NGO partner, Straatwerk, had created 250 employment opportunities for unskilled, destitute people in the Central City. The CCID currently deploys more than 70 cleaning and maintenance sta$ to maintain the urban environment.

The CCID’s security component now consists of 240 security o%cers, including the eight law-enforcement o%cers seconded from the City. The law-enforcement programme has recorded phenomenal success, as has the addition of two mobile security kiosks. The success of the latter led to private sponsorship for two more kiosks, bringing the total to four. These kiosks can be deployed to hotspot areas and are proving to be a strong deterrent in places like Senator Park and its surrounds.

135 000 The number of passengers who took advantage of the IRT system during the June/July period.

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Revamped in time for its 300-year anniversary, Greenmarket Square, South Africa’s second oldest public space, now boasts relaid cobbles raised to the level of the surrounding pavements, the installation of mast lighting, and a new performance stage constructed above the upgraded ablution block. Cars are prevented from driving around the square and have yielded to people – sitting at the outdoor tables of the surrounding restaurants and cafés. Traders are positive about the redesign of the trading area, which features an improved layout and wider aisles between stalls.

A free wireless internet service is now available on Greenmarket Square. People sitting outside at the surrounding cafés or on the benches in the Square can now log onto Skyrove’s service for 10MB of free internet access daily. Top-up vouchers are available for purchase from local vendors or over the internet.

The City of Cape Town used the preparations for the 2010 FIFA World Cup to improve pedestrian and cycle lanes in the city. For many years, the estimated 4!500 people who cross Buitengracht daily risked their lives doing so. Two pedestrian bridges were placed over this busy street – at Coen Steytler Avenue on the way to the V&A Waterfront, and at the newly pedestrian-prioritised Waterkant Street, which forms part of the Fan Walk. New and enhanced pedestrian-prioritised roads, bridges and bicycle tracks in the Central City will provide the backbone for non-motorised transport routes.

Non-motorised transport such as these pedicabs is increasingly popular with locals and visitors alike.

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What was your best memory of the 2010 World Cup in Cape Town? For me it was the pride and satisfaction I felt knowing I was part of the teams that made the city and the country ready for all the visitors. We were happy that we cleaned up the streets so e!ectively and in such a short time.

Our teams of four workers each and four shifts in a night – the “graveyard shifts” we called them – got down into the central city after the party was over and did our job.

I also want to thank the organisers of the World Cup event, who I think did a great job.

How does your 2010 experience allow you to re-imagine the city now and in the future?It has convinced me that we can do even better in the future. We now know what we are lacking, what experience we need and we just need to polish up on that. We can do a better job and we can achieve more.

It also was good to see people working together for the same goal and standing together. The lesson of “together we stand, divided we fall” became very clear again …

A determined lady and a perfectionist to boot, she is convinced that the streets of Cape Town can always be cleaner. As a cleaning team supervisor, she knows what the city throws at its workers after a bout of partying. But seeing what was achieved during 2010, this gigantic task does not daunt her and her fellow workers any more …

T H E M B E S I Y A C H I R U M E

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MINGLEMeetings, chats, parties, walks, protests and celebrations – these are the ingredients that allow inner-city users to get together and feel they belong to a community. In the past year Cape Town broke down some of its psychological barriers. Locals have found public spaces to meet and share experiences with visitors and their fellow Capetonians alike.

Whether through a longstanding tradition like the annual switching on of the festive-season lights, or via the fantastic new route connecting the Central City to its world-class stadium, increasingly visitors and locals met each other on the city’s streets this year. Intervention by intervention, festival by festival, and on an event-by-event basis, the Central City is becoming a destination.

On 4 December, all eyes were on Cape Town as the 2010 FIFA World Cup™ Final Draw was announced. The international media was full of praise for Cape Town, the stadium and the many visible upgrades taking place at the time. The public street party held in Long Street swelled to 55#000. Yet the event was well managed and incidents were few.

The CCID’s urban-management team helped to prepare for the public street party by compiling a defects audit of the area. Together with the City’s relevant departments, the CCID, through its partnership with Straatwerk, tackled the 92 defects identi"ed – ranging from potholes and shabby pavements to missing drain covers and broken fairy lights.

On 1 April, the Annual Community Jazz concert was held on the newly revamped Greenmarket Square. More than 9#000 jazz enthusiasts came to celebrate the square’s 300th birthday with us and watch the performers.

The highlight of the Cape Town International Jazz Festival this year was undoubtedly George Benson, who played to capacity crowds. The

The Human Rights Day Concert on 21 March, part of the 11th Cape Town Festival, was as popular as ever.

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C H I E F E X E C U T I V E ’ S R E P O R T

outdoor Basil “Manenberg” Coetzee stage provided an opportunity for concert-goers to enjoy electric performances under the stars. The Cape Town International Jazz Festival has in 11 short years become one of the most popular events on the international live-music calendar and draws artists and audiences from around the world.

Floats, feathers, sequins, more than 2#000 costumed singers, dancers and musicians took to the streets of Cape Town for the "rst Cape Town Carnival held in March this year. Then, in June, the Cape Town Carnival and its participants, including Locnville, Kurt Darren, HHP, JR and R Kelly, dancers, and brass and percussion bands, paraded down the streets of the Central City as part of the City of Cape Town’s Welcome Party on the eve of the 2010 FIFA World Cup™.

With all the excitement in town, it’s no wonder that many locals experienced the World Cup on the streets of the Central City, on the Fan Walk, at the Grand Parade Fan Fest, in Upper Long Street and in public spaces. Visitors and locals walked through the city at night and felt safe … and enthralled!

The pedestrian route known as the Host City Cape Town Fan Walk turned out to be one of the main attractions of the 2010 FIFA World Cup. On Cape Town match days, the

2.5km route stretching from Exchange Place at St George’s Mall, along the newly pedestrian-prioritised Waterkant Street, across the new pedestrian bridge on Buitengracht, onto St Andrew’s Square, along Somerset Road onto Green Point’s Main Road and under the newly reconstructed Green Point Circle to the stadium, was lined with a variety of vendor kiosks and diverse street entertainment encompassing rappers, opera singers, minstrels and jazz bands.

The Fan Walk, as it is more commonly known, drew record crowds. As many as 60#000 people used the Fan Walk per hour during its peak on 11 June. Crowds were not limited to stadium ticket holders. Curious locals walked it too, enjoying the ambience and entertainment along the way.

“So many people are turning out just to enjoy the vibe, proving that in Cape Town the philosophy of ‘no ticket, no problem’ is true – this is a World Cup for everyone.” Carola Koblitz, Fan Walk Project Manager

60 000 people used the Fan Walk per hour at its peak.

Interesting artworks were erected for the 2010 World Cup at half-way point St Andrew’s Square.

Capetonians watched the FIFA Final Draw on the big screen in Upper Long Street.

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The FIFA Fan Fest on the Grand Parade served as the city’s o%cial entertainment hub during the soccer festival. All 64 World Cup matches were broadcast live on a gigantic screen. The venue was able to accommodate 25#000 people and was regularly "lled to capacity. O$ering free entry with foods and beverages on sale, the Fan Fest provided a fun alternative for those without match tickets to enjoy the game in a safe, convivial atmosphere. Great local performers like Gold"sh, Freshlyground and Danny K entertained the crowds between matches.

On 18 July the Fan Walk found another use – that of civic expression. As part of the Ubuntu festival and to celebrate Nelson Mandela’s birthday, Capetonians joined in to support local business Charly’s Bakery to mount “a FanWalk for Peace and Unity for Mandela Day”.

“Town will never be the same again, thank goodness. We have seen how our city can come alive with a healthy mix of people, activities, events and places. We can now dare to imagine a more walkable and legible city, a safer city, a more entrepreneurial city, a more welcoming city.”Andrew Boraine, CE of the Cape Town Partnership

A truly liveable city is one where it is normal to walk and be on the streets at night.

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The Grand Parade, City Hall and the FIFA Fan Fest created a vibrant space for the many thousands of visitors in the heart of the Mother City.

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H E A T H E R M O O R EHeather is an illustrator and designer who loves cycling on ‘Critical Mass’ Fridays to make a point and of late is happy to stretch her legs and walk around her city.

What was your best memory of the 2010 World Cup in Cape Town? I was working in my studio o! Buitengracht Street when our national side was playing one of their matches – I guess it was the match against France – and I could hear the city erupt in celebration when the "rst goal was scored. I hopped on my bicycle determined to "nd a place I could watch the rest of the match.

As I came down Long Street the second goal in the match was scored and I literally saw the whole street jump! People yelled and leaped with joy and it seemed like the whole street was having a happy reaction!

So even though I missed both goals this experience was truly memorable.

How does your 2010 experience allow you to re-imagine the city now and in the future?The city night life during the World Cup made me realise how we could become a quintessential world city that doesn’t go to sleep …

My husband and I walked from Gardens down Kloof Street one evening during the event to go to the stadium – a walk I would not previously have attempted! All the retail shops were open, people were mingling at the bars and on the street and it made me recognise a city that attracts people at night and becomes alive after "ve.

If this can be continued the city can once more become a place we can go to hang out, have a drink, meet friends and shop for food - all after our working day is done.

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CREATEExpress, innovate, write, design, perform and inspire – all essential elements of a vibrant city culture and all abundant in Cape Town. By engaging with cultural organisations we want to transform the Cape Town of the future into a creative and knowledge economy.

One of the Partnership’s most important strategies is to promote Cape Town as a creative city. Driven by the Creative Cape Town programme, the past year has been a highly productive one.

At the end of February, Deputy Chief Executive Bulelwa Makalima Ngewana travelled to Seoul as a member of a delegation to the World Design Cities’ Summit. The outcome of the summit was the Seoul Declaration of Design Cities, to which the City of Cape Town is a signatory. The declaration highlighted the following goals: cities will create design for everyone, cities will enrich citizens’ lives through design, and cities will create sustainable designs.

We launched our own campaign to bid for the title of World Design Capital 2014 at the Design Indaba. This prestigious designation is conferred every two years by the International Council of Societies of Industrial Design to a city that is dedicated to using design for social, cultural and economic development. If we are successful this title will give Cape Town a chance to showcase its achievements and aspirations through a year-long programme of design-led events and activities.

We initiated the East City Design Initiative (ECDI), which aims to establish a premier African environment for design, media and ICT innovation, creativity and entrepreneurship in

The Cape Town Heritage Trust has continued its rejuvenating project of the historical Granary building in Buitenkant Street to turn it into a creative space.

New public art in public places: one of 33 zebras that formed an exhibition, “Not All is Black and White”, by the World for All Foundation.

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the Central City. This is supported by the Provincial Government of the Western Cape’s Economic Development and Tourism department as a Cape Catalyst project.

In May we held an ECDI Symposium with speakers from Government, academia, and the design and ICT industries. International guest speaker Nick Leon from Design London attended courtesy of the British Council.

The successful quarterly Creative Clusters networking sessions gave rise to a series of monthly breakfasts with design professionals. Under the banner of the Cape Town Design Network 2010 we initiated a new monthly cluster initiative with

design practitioners. A well-known Cape Town designer speaks each month on his or her philosophy and products. This will inform both our World Design Capital 2014 bid and ECDI research.

The Spier Contemporary, South Africa’s largest biennale art competition and exhibition, set up home in the City Hall from 14 March to 14 May. Its goal was to provide visual and performance artists with a platform for showing their work “unhampered by limitations of technology, space and access”. The curatorial team selected 103 artists from more than 3#000 works submitted.

Aspects of the World Design Capital 2014 bid, the ECDI as well as an exhibition and discussion

Design Indaba.

103!artists from more than 3!000 works submitted were chosen for the Spier Contemporary, SA’s largest biennale art exhibition.

A range of innovative public art along the Fan Walk and other public spaces were presented during 2010.

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forum attached to the Counter Currents book took place at the City Hall during the Spier Contemporary. More than 20#000 people attended events and visited the exhibition during its two months at the City Hall.

The success of the Spier Contemporary helped propel plans to turn the under-utilised City Hall into a dedicated cultural venue. Driven by the Africa Centre, Cape MIC and Creative Cape Town, Imagine City Hall is a citizen-activation programme.#It proposes that the space should be accessible to all the people of Cape Town, and should promote the broader arts and heritage of the city and the continent.

After the spectacular success of the "rst Loerie Awards held in Cape Town in September

last year, we are gearing up to once again host South Africa’s most prestigious advertising, communication, design and experiential media awards. Running from 1 to 3 October, the Loerie Awards promises to be the “Biggest Event of the Year”. It will take place at the Good Hope Centre, while Long Street will transform into the Loeries Village for the second year in a row.

We have introduced a fringe festival at the Loeries this year: Creative Week Cape Town, which will showcase creativity in design, music, "lm, digital media, "ne arts and crafts in Cape Town. This user-generated festival allows venues, collectives, event organisers, companies and individual artists to promote their events through a dedicated website.

The Spier Public Art Festival provides visual and performance artists with a platform for showing their work in the spaces around the city.

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“The Cape Town International Jazz Festival has matured into an enormously triumphant worldwide occasion. Melodytrip has ranked this proudly South African event as No.4 in the world, outshining events such as Switzerland’s Montreaux Festival and the North Sea Jazz.”Lorenzo Bacela writing on Cape Town Tourism’s blog

This mosaic mural is part of the public art at IRT stations.

Cape Town Carnival on Greenmarket Square.

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R O G E R V A N W Y KRoger is a visual-arts curator and exhibition designer, who after designing public-art exhibitions for other world cities in the past, now relishes his new role of making art more visible around our city and especially around our new public transport. What was your best memory of the 2010 World Cup in Cape Town? The crowds of the Fan Walk were memorable for their vibrancy.

It was a joy just seeing people out enjoying public spaces, their friendly clashing and the robust rivalry between football fans. The throngs of crowds on the street in the colours of England and Algeria streaming past on the night I was there, reminded me of the bright mosaic artwork we commissioned for the Cape Town Stadium bus station!

One of the best things of this whole experience was that everybody was internationally focused and it was like a coming of age for our cities to be part of this endeavour.

How does your 2010 experience allow you to re-imagine the city now and in the future?I see this experience as valuable in the sense that it allowed us to open up to so many things.

It is now the time to take back our public spaces; we need to reclaim them as a right and "nd ways of engaging with public spaces – that is the legacy the World Cup will leave for me.

I think it has also brought home to us the importance of public life – the sense that we can be in public spaces as South Africans, sharing culture and not retreating to our exclusive niches such as gated communities and shopping malls. It is in public spaces that we will change the Zeitgeist and people’s perspective regarding South African life.

L E R A T O B E R E N GLerato humbly calls herself an emerging curator after being involved with various public art exhibits in 2010 around the city and on its public squares. A master’s student at Rhodes University, she confesses that work usurps her time – but she still finds time to shop for funky shoes!

What was your best memory of the 2010 World Cup in Cape Town? Actually, I missed most of the World Cup as I was abroad at the time! The vibe when I arrived – which was then at fever pitch – was electrifying. Vuvuzelas were already blaring at the airport … and then when I saw Cape Town I could almost not believe this neatly contained place being so full of energy. That was an amazing revelation …

How does your 2010 experience allow you to re-imagine the city now and in the future?To me this new-found energy showed a di$erent side of Cape Town that possibly has been repressed for some time.

I loved the way people interacted with public spaces and each other – and I think this is what the World Cup really instigated.

People were also relating with the public art – and then relating to each other. They were not only discussing it, but sending photos on social- network sites and going on “zebra hunts” with friends.

I think the art at the IRT stations will be vital to allow people to identify better with the public transport systems as they are able to relate to the symbolism and historical imagery in the various installations. And this will hopefully motivate them to use it more and to enjoy it fully as an essential element in the city’s future.

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NURTUREShare, coach, educate and assist – these abilities enable people to change attitudes and learn from each other. We have relished the opportunities to share our experiences, communicate them to others and gain knowledge from them for our own endeavours.

The Cape Town Partnership receives numerous requests from stakeholders interested in either establishing a CID, starting a partnership similar to the CTP or seeking general information on place making and urban management. During the past year, we were approached for assistance from neighbouring towns such as Worcester, George, Rawsonville and Darling, amongst others.

We regularly learn from and share knowledge with international organisations and individuals pursuing urban regeneration aims. We met with Orlando Lima, a representative on the Rio de Janeiro 2016 Olympics Business Council. He was interested in "nding out whether the Cape Town Partnership/CCID model would work in Brazilian cities as Rio hopes to launch its "rst CID during

2010. Lima was also interested in learning how the Partnership and the CCID have been involved in the preparations for the 2010 FIFA World Cup TM.

Together with colleagues from the City of Cape Town, we attended the 55th Congress of the International Downtown Association (IDA) in Milwaukee, Wisconsin, where the paper, “Public-Private Partnerships in the Central City: Lessons from the "rst ten years of the Cape Town Partnership” was presented.

We contributed a chapter in Counter Currents: Experiments in Sustainability in the Cape Town Region, edited by Edgar Pieterse, director of the Africa Centre for Cities at UCT. The book highlights existing initiatives and interventions that provide a guide for the city’s development.

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Communicating is an important part of our work. We hosted a session for stakeholders interested in understanding “Life after 2010” at our AGM in October 2009.

We continue to o$er walking tours to our stakeholders to showcase the work we do. This allows us to show and tell: the revitalised Central City and our stories. Walking tours during the past year include a very successful pre-Final Draw walking tour held on 4 December. This included stops at the Taj Palace and the 15 on Orange hotels, two new additions to the Cape Town hospitality complement. Guests were then taken for a walk along the “party zone” in Long Street. Members of the local media in Cape Town were taken on an “underground” walk from the top end of Buitenkant Street in Vredehoek through one of the city’s historic water tunnels to the Castle of Good Hope.

WALK THE TALKSome of the people we’ve walked with Two writers – renowned Cape Town crime novelist Margie Orford and Dr Keith Bane, the main contributor to the Cape Town publication of A Hedonist’s Guide to...

Two representatives from French publication Voyages D’Affaires

Five US food journalists 80 participants at our CTP10 Urban Renewal Conference

35 teachers from Camps Bay High School 40 South African National Defence Force members

120 tour guides, organised by the Provincial Government of the Western Cape to celebrate 100 days to kick-off

Staff of the Johannesburg Development agency Canadian photographer Heidi Hollinger, host of the Home Ports documentary series.

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T R E V O R E B D E NTrevor is a textiles trader on Greenmarket Square, lives his life by the Rastafarian code and is a long-time vocalist in a city reggae band, Roots Rockers. What was your best memory of the 2010 World Cup in Cape Town? The best moment of the World Cup was also the most exciting moment in my life … it was when the opening goal was kicked by Bafana Bafana during the opening match. What a feeling it was when the whole city and the whole country erupted!

I must say the opening day of the World Cup was pretty special as the Uruguay supporters were meeting on Greenmarket Square, and before we knew it traders and supporters were kicking a soccer ball around on the square … making the circle bigger! Then I knew the World Cup was here.

I was always blown away every match day by women and children dressed in their national colours, and I loved the festive Dutch supporters and their exemplary shopping habits …

How does your 2010 experience allow you to re-imagine the city now and in the future?It opened my eyes to what we can achieve in the city. The way the Fan Walk worked, how the city fathers organised the cleaning and the security was amazing, and it will bene"t us all in the long run.

I think the perception of overseas tourists will now change from the negative one of South Africa being a crime-ridden country. They have seen for themselves how safe it is and that we have it under control ... and how friendly the people are!

I can see that our city will be more popular with visitors – this December and in the future – as more tourists come here to join in the spirit of our city.

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RENEWChange, transform, revitalise and revise – with these actions we can metamorphose a city. We have had a valuable glimpse in the aftermath of hosting the 2010 FIFA World Cup™ of what our city can become.

This mega world event staged in part in our city has a$orded us an invaluable opportunity to re!ect, re-evaluate and renew our thinking and vision going forward. What are the legacies of this event? The World Cup has left us with two types of legacies: physical improvements and attitudinal changes.

On the physical side, Cape Town has gained R14-billion worth of infrastructure, mainly relating to improved transport systems. The World Cup allowed us to fast-track the planning of an Integrated Rapid Transit (IRT) system, a 20-year programme to bring reliable public transport within reach of all communities in Cape Town to

improve access and mobility. Further infrastructure developments to come on stream after the event include upgrades to the Cape Town Station, the Long Distance Bus Terminus and completing the roll-out of the IRT system.

The second World Cup legacy relates to changing perceptions and attitudes, both of locals and visitors. We have challenged some of the global stereotypes of Africa and proven to ourselves that we can think big, meet deadlines and work together for a common purpose.

At our last AGM held in October last year, we began looking at Life Beyond 2010. Going forward,

New development in Waterkant Street.

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we will be focusing on the second phase of our Central City Development Strategy, which looks at development guidelines to enhance living in, working in and enjoying the Central City.

We will continue to support and inform the City of Cape Town’s events strategy as we believe that the Central City provides a natural “arena” to host events. The CTICC and its proximity to the Cape Town Stadium provide a further competitive advantage when competing for events.

Cape Town is bidding against Johannesburg and Durban to host the 17th Conference of Parties (COP 17) of the United Nations Framework Convention on Climate Change, taking place in South Africa next year. Commonly known as the Climate Change Conference, this prestigious gathering attracts more than 20#000 delegates to the formal event and a further 10#000 people at parallel events.

Economic spin-o$s of the COP 17 event are estimated to be in the region of R800-million, while hosting an event of this nature will leave a lasting legacy in terms of sustainability. This is appropriate as one of the objectives of the CTICC is to attract more environmentally sustainable events.

The CTICC is investigating a potential expansion in a joint public-private redevelopment project, providing 9#000m2 of additional exhibition spaces, and additional parking.

Our Fan Walk resonated with the 580#000 people who walked this route during Cape Town match days and may well be a spontaneous legacy of the World Cup with the potential to be reactivated for large-scale events taking place at the Cape Town Stadium.

The Provincial Government, with some 200#000m2, is a major owner and occupier of space in the Central City and has initiated a process to evaluate all Provincial assets in this area in terms of their developmental potential.

The Provincial Regeneration Project, which aims to use public assets to leverage socio-economic bene"t, including the provision of a$ordable housing, o$ers a huge opportunity to bring a diverse range of people and businesses back into the city centre, and should be implemented with the same sort of commitment and vigour that we found for the 2010 World Cup.

Furthermore, Provincal Government is liaising with Intersite and the Passenger Rail Services (Prasa) with regard to phase two of the Cape Town Station regeneration project, and with Transnet with regard to their Culemborg site, to ensure an integrated public-asset management strategy.

This project, if implemented within the next "ve to 10 years, can drive development in the Central City and provide ways of addressing the need for a$ordable housing, spaces for small businesses and non-pro"t organisations, and additional educational and social facilities.

Work in progress during 2010 – Station Square, Waterkant Street and the Green Point IRT Station.

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The Climate Change Conference attracts more than 20!000 delegates to the formal event and a further 10!000 people at parallel events.

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THANK YOUThere were many questions about whether we really were

“ready to welcome to the world” in the run-up to the 2010 FIFA World Cup™. The answer, as we now know,

was a resounding “yes!”

Over the past four years, we worked with a wide range of partners to help make Cape Town’s World Cup experience a success. Thank you to all our partners and stakeholders who continue to develop the Central City as a prized asset for the city as a whole.

Thank you to our Board of Directors who meet every month and are truly involved in what we do. Thank you

to our operations partner, the CCID, and its own dedicated Board of Directors.

Our enthusiastic and committed sta$ continue as always to contribute to the success of the Partnership and the CCID. Thank you.

We look forward to re-imagining, shaping, mingling in, creating, nurturing and renewing the Central City – beyond 2010 – with you.

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D I R E C T O R S ’ R E S P O N S I B I L I T Y S T A T E M E N T. . . . . . . . . . . . . . .I N D E P E N D E N T A U D I T O R ’ S R E P O R T. . . . . . . . . . . . . . . . . . . . . . . . .D I R E C T O R S ’ R E P O R T. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .S T A T E M E N T O F C O M P R E H E N S I V E I N C O M E . . . . . . . . . . . . . . . .S T A T E M E N T O F F I N A N C I A L P O S I T I O N . . . . . . . . . . . . . . . . . . . . . .S T A T E M E N T O F C H A N G E S I N R E S E R V E S . . . . . . . . . . . . . . . . . . .S T A T E M E N T O F C A S H F L O W S . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N O T E S T O T H E F I N A N C I A L S T A T E M E N T S . . . . . . . . . . . . . . . . . . .D E T A I L E D I N C O M E S T A T E M E N T. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .N O T I C E O F A N N U A L G E N E R A L M E E T I N G . . . . . . . . . . . . . . . . . . . F O R M O F P R O X Y. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

CAPE TOWN PARTNERSHIP ANNUAL FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2010

4 24 34 44 64 74 84 95 06 06 26 3

contents

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F I N A N C I A L S T A T E M E N T S

The directors are responsible for the preparation and fair presentation of the annual !nancial statements of Cape Town Central City Partnership, comprising the statement of !nancial position at 30 June 2010, and the statement of comprehensive income, the statement of changes in reserves and statement of cash "ows for the year then ended, and the notes to the !nancial statements, which include a summary of signi!cant accounting policies and other explanatory notes, and the directors’ report, in accordance with South African Statements of Generally Accepted Accounting Practice and in the manner required by the Companies Act of South Africa.

The directors’ responsibility includes: designing, implementing and maintaining internal control relevant to the preparation and fair presentation of these !nancial statements that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances.

The directors’ responsibility also includes maintaining adequate accounting records and an e#ective system of risk management as well as the preparation of the supplementary schedules included in these !nancial statements.

The directors have made an assessment of the company’s ability to continue as a going concern and have no reason to believe the business will not be a going concern in the year ahead.

The auditor is responsible for reporting on whether the annual !nancial statements are fairly presented in accordance with the applicable !nancial reporting framework.

APPROVAL OF THE ANNUAL FINANCIAL STATEMENTSThe annual !nancial statements of Cape Town Central City Partnership, as identi!ed in the !rst paragraph, were approved by the board of directors on 27 August 2010 and are signed on its behalf by:

_______________________________ _______________________________

KM ROMAN AM BORAINE(Chairperson) (Chief Executive)

DECLARATION BY COMPANY SECRETARYIn my capacity as Company Secretary, I hereby con!rm, in terms of the Companies Act, 1973, that for the year ended 30 June 2010, the Company has lodged with the Registrar of Companies all such returns as are required of a company in terms of this Act and that all such returns are true, correct and up to date.

_______________________________

NAZEER RAWOOT(Company Secretary)

DIRECTORS’ RESPONSIBILITY STATEMENT

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F I N A N C I A L S T A T E M E N T S

TO THE MEMBERS OF CAPE TOWN CENTRAL CITY PARTNERSHIP(Association incorporated under Section 21)We have audited the annual !nancial statements of Cape Town Central City Partnership, which comprise the statement of !nancial position at 30 June 2010, and the statement of comprehensive income, the statement of changes in reserves and statement of cash "ows for the year then ended, and the notes to the !nancial statements, which include a summary of signi!cant accounting policies and other explanatory notes, and the directors’ report as set out on pages 44 to 59.

DIRECTORS’ RESPONSIBILITY FOR THE FINANCIAL STATEMENTSThe company’s directors are responsible for the preparation and fair presentation of these !nancial statements in accordance with South African Statements of Generally Accepted Accounting Practice and in the manner required by the Companies Act of South Africa. This responsibility includes: designing, implementing and maintaining internal control relevant to the preparation and fair presentation of !nancial statements that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances.

AUDITOR’S RESPONSIBILITYOur responsibility is to express an opinion on these !nancial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements, and plan and perform the audit to obtain reasonable assurance whether the !nancial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the !nancial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the !nancial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the !nancial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the e#ectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the !nancial statements

We believe that the audit evidence we have obtained is su$cient and appropriate to provide a basis for our audit opinion.

OPINIONIn our opinion, the !nancial statements present fairly, in all material respects, the !nancial position of Cape Town Central City Partnership, at 30 June 2010, and its !nancial performance and cash "ows for the year then ended in accordance with South African Statements of Generally Accepted Accounting Practice, and in the manner required by the Companies Act of South Africa.

OTHER MATTERSThe supplementary schedules set out on pages 60 to 61 do not form part of the annual !nancial statements and are presented as additional information. We have not audited these schedules and accordingly do not express an opinion on them.

KPMG INC.

_______________________________Per: BR Heuvel, Chartered Accountant (SA), Registered Auditor, Director, Date 27 August 2010

INDEPENDENT AUDITOR’S REPORT

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F I N A N C I A L S T A T E M E N T S

The directors have pleasure in presenting their report for the year ended 30 June 2010.

BUSINESS ACTIVITIESTo develop, manage and promote the Central City of Cape Town as a place for all, and a leading centre for retail, commercial, residential, cultural, tourism, education, entertainment and leisure activities.

GENERAL REVIEW OF OPERATIONSThe business and operations of the company during the year under review continued as in the past year and we have nothing further to report thereon.

The !nancial statements adequately re"ect the state of a#airs and the results of the business operations of the company. No further explanations are considered necessary.

EVENTS SUBSEQUENT TO THE REPORTING DATEThere are no posts reporting events that need to be reported.

SHARE CAPITALThe company does not have share capital.

DIRECTORS’ REPORTfor the year ended 30 June 2010

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F I N A N C I A L S T A T E M E N T S

The directors who held o!ce during the period and at the date of this report:

Director Date appointed Date resignedR Toefy 27 June 2008N Badsha 27 June 2008AC Schuitmaker 31 October 2006R Lombard 25 January 2008AM Groenewald 25 January 2008Y Emeran 31 October 2006AM Serritslev 21 July 2006PJ Gordon 24 June 2005HAS Khan 24 June 2005EA Pieterse 24 June 2005JM Rippon 20 February 2004AM Boraine 01 September 2003AL Rabie 31 July 2002SA Johnson (Chairperson) 01 July 2003 30 April 2010LAK Robinson 21 July 2000KM Roman (Chairperson) 19 June 2002A Ebrahim 21 July 2006LA Muller (Alternate) 28 November 2009K Jacobs 30 October 2009

SECRETARYThe secretary at the date of the report is N Rawoot.___________________________________________________________________________Business address: Postal address:10th Floor PO Box 1997The Terraces Cape TownCnr Bree & Riebeek Street South AfricaCape Town 80008001

DIRECTORS

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F I N A N C I A L S T A T E M E N T S

Note 2010 2009 R R

Revenue 8 882 774 8 525 980

Operating expenses (9 719 210) (9 145 877)

Other income 436 026 308 617

Deficit from operations 3 (400 410) (311 280)

Finance income 4 196 519 49 482

Net deficit for the year (203 891) (261 798)

Other comprehensive income for the year - -

Net comprehensive loss for the year (203 891) (261 798)

STATEMENT OF COMPREHENSIVE INCOMEfor the year ended 30 June 2010

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F I N A N C I A L S T A T E M E N T S

Note 2010 2009 R R

ASSETS

Non-current assets

Property, plant and equipment 5 643 893 683 476

Current assets 1 977 604 2 758 613

Trade and other receivables 6 1 816 618 1 083 935

Cash and cash equivalents 160 986 1 674 678

Total assets 2 621 497 3 442 089

RESERVES AND LIABILITIES

Reserves

Accumulated surplus 1 481 291 1 685 182

CURRENT LIABILITIES

Trade and other payables 7 1 140 206 1 756 907

Total reserves and liabilities 2 621 497 3 442 089

STATEMENT OF FINANCIAL POSITIONat 30 June 2010

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F I N A N C I A L S T A T E M E N T S

Accumulated surplus R

Balance at 1 July 2008 1 946 980

Total comprehensive loss for the year (261 798) Balance at 30 June 2009 1 685 182

Balance at 1 July 2009 1 685 182

Total comprehensive loss for the year (203 891) Balance at 30 June 2010 1 481 291

STATEMENT OF CHANGES IN RESERVESfor the year ended 30 June 2010

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F I N A N C I A L S T A T E M E N T S

Note 2010 2009 R R

Cash flows from operating activities 8.1 (1 432 881) 967 907

Interest received 196 519 49 482

Net cash (outflow)/inflow from operating activities (1 236 362) 1 017 389

Cash flows from investing activities

Additions to property, plant and equipment (277 330) (452 917)

Net cash outflow from investing activities (277 330) (452 917)

Net (decrease)/increase in cash and cash equivalents (1 513 692) 564 472

Cash and cash equivalents at beginning of the year 1 674 678 1 110 206

Cash and cash equivalents at end of the year 160 986 1 674 678

STATEMENT OF CASH FLOWSfor the year ended 30 June 2010

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F I N A N C I A L S T A T E M E N T S

1. REPORTING ENTITY Cape Town Central City Partnership (“the Company”) is a company domiciled in South Africa. The address of the Company’s registered o!ce is 10th Floor, The Terraces, 34 Bree Street, Cape Town.

1.1 BASIS OF PREPARATION1.1.1 Statement of compliance

The "nancial statements are prepared in accordance with South African Statements of Generally Accepted Accounting Practice and the requirements of the South African Companies Act.

1.1.2 Basis of measurement The "nancial statements are prepared on the historical cost basis.

1.1.3 Use of estimates and judgements The preparation of "nancial statements requires management to make judgements, estimates and assumptions that a#ect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may di#er from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods a#ected.

1.2 CHANGES IN ACCOUNTING POLICIES Starting as at 30 June 2010 the company has changed its accounting policies in the following areas:

1.2.1 Presentation of financial statements The company applied the revised IAS1 Presentation of Financial Statements (2007), which became e#ective as at 1 January 2009. As a result, the company presents in the statement of changes in equity, all owner changes in equity, whereas all non-owner changes in equity are presented in the statement of comprehensive income.

Comparative information has been represented so that it also is in conformity with the revised standard. Since the change in accounting policy only impacts presentation aspects, there is no impact on earnings.

NOTES TO THE FINANCIAL STATEMENTSfor the year ended 30 June 2010

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F I N A N C I A L S T A T E M E N T S

2. SIGNIFICANT ACCOUNTING POLICIES The accounting policies set out below have been applied consistently to all periods presented in these !nancial statements, other than those disclosed in note 1.2.1.

2.1 PROPERTY, PLANT AND EQUIPMENT Recognition and measurement The !nancial statements are prepared in accordance with South African Statements

of Generally Accepted Accounting Practice and the requirements of the South African Companies Act.

Items of property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses.

Cost includes expenditure that is directly attributable to the acquisition of the asset.

When parts of an item of property, plant and equipment have di"erent useful lives, they are accounted for as separate items (major components) of property, plant and equipment.

Subsequent costs The cost of replacing part of an item of property, plant and equipment is recognised in the

carrying amount of the item if it is probable that the future economic bene!ts embodied within the part will #ow to the Company and its cost can be measured reliably. The costs of the day-to-day servicing of the property, plant and equipment are recognised in comprehensive income as incurred.

Depreciation Depreciation is recognised in pro!t or loss on a straight-line basis over the estimated useful

lives of each part of an item of property, plant and equipment.

The estimated useful lives for the current and comparative periods are as follows:

Office equipment 6 years

Furniture 6 years

Fittings 3 years

Computer equipment 3 years

Computer software 2 years

Depreciation methods, useful lives and residual values are reassessed at the reporting date.

NOTES TO THE FINANCIAL STATEMENTS (continued)for the year ended 30 June 2010

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F I N A N C I A L S T A T E M E N T S

2.2 FINANCIAL INSTRUMENTS Non-derivative financial instruments Non-derivative !nancial instruments comprise trade and other receivables, cash and cash

equivalents, and trade and other payables.

Non-derivative !nancial instruments are recognised initially at fair value plus, for instruments not at fair value through pro!t and loss, any directly attributable transaction costs, except as described below. Subsequent to initial recognition, non-derivative !nancial instruments are measured as described below.

A !nancial instrument is recognised if the Company becomes party to the contractual provisions of the instrument. Financial assets are derecognised if the Company’s contractual rights to the cash "ows from the !nancial assets expire or if the Company transfers the !nancial asset to another party without retaining control or substantially all risks and rewards of the asset. Regular way purchases and sales of !nancial assets are accounted for at trade date, i.e., the date that the Company commits itself to purchase or sell the asset. Financial liabilities are derecognised if the Company’s obligations speci!ed in the contract expire or are discharged or cancelled.

Cash and cash equivalents comprise cash balances and call deposits. Accounting for !nance income is discussed in note 2.4.

Non-derivative !nancial instruments are measured at amortised cost using the e#ective interest rate method, less any impairment losses. Financial instruments are initially measured at cost, which includes transaction costs. Subsequent to initial recognition, these instruments are measured as set out below.

Trade and other receivables Trade and other receivables originated by the company are stated at cost less provision for

impairment losses.

Cash and cash equivalents Cash and cash equivalents are measured at fair value.

Financial liabilities Financial liabilities are recognised at cost, comprising original debt less payments.

Derivative instruments Derivative instruments are measured at fair value.

2.3 REVENUE Revenue comprises contributions, net invoiced membership fees and administration fees

excluding Value Added Taxation.

2.4 FINANCE INCOME Finance income comprises interest income on funds invested, gains on the disposal of

available-for-sale !nancial assets, changes in the fair value of !nancial assets at fair value through pro!t or loss and foreign currency gains. Interest income is recognised as it accrues, using the e#ective interest method.

NOTES TO THE FINANCIAL STATEMENTS (continued)for the year ended 30 June 2010

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F I N A N C I A L S T A T E M E N T S

2.5 EMPLOYEES BENEFITS Short-term employee benefits The cost of all short-term employee bene!ts is recognised during the period in which the

employee renders the related service.

The accruals for employee entitlements to wage, salaries and small annual leave represent the amount which the company has a present obligation to pay as a result of employees’ services provided to the reporting date. The accruals have been calculated at undiscounted amounts based on current wage and salary rates.

2.6 CASH AND CASH EQUIVALENTS Cash and cash equivalents comprise cash on hand, deposits held on call with banks, and

investments in money-market instruments, net of bank overdrafts, all of which are available for use by the company unless otherwise stated.

2.7 SUNDRY INCOME ! !Sundry income comprises funds received from projects other than that included in revenue

and reversals of prior year accruals.

3. DEFICIT FROM OPERATIONS This is arrived at after taking into account:

2010 2009 R R

Audit feecurrent year 62 550 67 125

Director’s emolumentsexecutive services 1 586 694 1 457 164

Operating lease chargespremises 529 636 366 562

Central City Improvement Districtadministration fees received (952 494) (881 939)

4. FINANCE INCOME

Interest received on bank balance 196 519 49 482

NOTES TO THE FINANCIAL STATEMENTS (continued)for the year ended 30 June 2010

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F I N A N C I A L S T A T E M E N T S

5. PROPERTY, PLANT AND EQUIPMENT Accumulated CarryingOwned assets Cost depreciation amount R R R

2010

Computer software 305 763 183 753 122 010

Furniture 368 169 180 118 188 051

Fittings 276 889 218 263 58 626

Office equipment 148 764 90 608 58 156

Computer hardware 659 013 441 963 217 050

1 758 598 1 114 705 643 893

2009

Computer software 207 763 107 709 100 054

Furniture 364 182 128 512 235 670

Fittings 235 725 149 994 85 731

Office equipment 136 641 74 533 62 108

Computer hardware 537 179 337 266 199 913 1 481 490 798 014 683 476

NOTES TO THE FINANCIAL STATEMENTS (continued)for the year ended 30 June 2010

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F I N A N C I A L S T A T E M E N T S

5. PROPERTY, PLANT AND EQUIPMENT (continued)

Carrying Carrying amount at amount at beginning of year Additions Depreciation end of year R R R R

2010

Computer software 100 054 106 964 (76 044) 130 974

Furniture 235 670 3 987 (51 606) 188 051

Fittings 85 731 41 386 (68 491) 58 626

Office equipment 62 108 12 123 (16 074) 58 157

Computer hardware 199 913 112 870 (104 698) 208 085

683 476 277 330 (316 913) 643 893

2009

Computer software 12 787 120 076 (32 809) 100 054

Furniture 167 288 118 036 (49 654) 235 670

Fittings 149 169 - (63 438) 85 731

Office equipment 58 585 24 747 (21 224) 62 108

Computer hardware 134 768 190 058 (124 913) 199 913

522 597 452 917 (292 038) 683 476

NOTES TO THE FINANCIAL STATEMENTS (continued)for the year ended 30 June 2010

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F I N A N C I A L S T A T E M E N T S

6. TRADE AND OTHER RECEIVABLES 2010 2009

R R

Local debtors 1 126 192 1 083 935

Cape Town Central City Improvement District 564 426 -

City of Cape Town 126 000 - 1 816 618 1 083 935

7. TRADE AND OTHER PAYABLES

2010 2009 R R

Accruals 21 400 324 392

Provisions 341 005 592 036

VAT payable 777 801 840 479 1 140 206 1 756 907

8. NOTE TO THE STATEMENT OF CASH FLOWS

8.1 CASH GENERATED BY OPERATIONS

2010 2009 R R

Operating surplus (400 410) (311 280)

Adjustment for:Depreciation of property, plant and equipment 316 913 292 038

Operating (loss)/income before working capital changes (83 497) (19 242)

(Increase)/decrease in trade and other receivables (732 683) 707 881

(Decrease)/increase in trade and other payables (616 701) 279 268 (1 432 881) 967 907

NOTES TO THE FINANCIAL STATEMENTS (continued)for the year ended 30 June 2010

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F I N A N C I A L S T A T E M E N T S

9. RELATED PARTIES

9.1 IDENTITY OF RELATED PARTIES The entity’s receives substantial funding from The City of Cape Town. The directors

are listed in the directors’ report.

9.2 MATERIAL RELATED PARTY TRANSACTIONS

City of Cape Town funding received R6 500 000 (2009: R6 000 000)

10. FINANCIAL INSTRUMENTS ! The company has exposure to the following risks from its use of !nancial instruments: credit risk liquidity risk

This note presents information about the Company’s exposure to each of the above risks, the Company’s objectives, policies and processes for measuring and managing risk, and the Company’s management of capital. Further quantitative disclosures are included throughout these !nancial statements.

The directors have overall responsibility for the establishment and monitoring of the company’s risk-management policies and procedures which have been established to identify and analyse the risks faced by the company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk-management policies and procedures are reviewed regularly to re"ect changes in market conditions and the company’s activities.

Credit risk Credit risk is the risk of !nancial loss to the Company if a customer or a counterparty to

a !nancial instrument fails to meet its contractual obligations, and arises principally from the Company’s receivables from customers and investment securities.

The majority of the company’s customers have been transacting with the company for a number of years, and losses have occurred infrequently. Trade and other receivables relate mainly to wholesale customers.

An allowance for impairment is established based on managements’ estimate of identi!ed incurred losses in respect of speci!c trade and other receivables. Bad debts identi!ed are written o# as they occur.

Reputable !nancial institutions are used for investing and cash-handling purposes.

NOTES TO THE FINANCIAL STATEMENTS (continued)for the year ended 30 June 2010

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F I N A N C I A L S T A T E M E N T S

Liquidity risk Liquidity risk is the risk that the Company will not be able to meet its !nancial

obligations as they fall due. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will always have su"cient liquidity to meet its liabilities when due, under normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company’s reputation.

Fair value of financial instruments ! !The Company’s !nancial instruments consist mainly of cash at the bank and cash

equivalents, trade and other receivables and trade, and other payables.

The estimated net fair value at which !nancial instruments are carried on the balance sheet at 30 June 2010 have been determined using available market information and appropriate valuation methodologies, but are not necessarily indicative of the amounts that the company could realise in the normal course of business.

10.1 CREDIT RISK Management has a credit policy in place and the exposure to credit risk is monitored

on an ongoing basis.

At reporting date there were no signi!cant concentrations of credit risk.

The maximum exposure to credit risk is represented by the carrying amount of each !nancial asset in the statement of !nancial position.

The maximum exposure to credit risk at the reporting date is:

2010 2009 R R

Trade and other receivables 1 816 618 1 083 935

Cash and cash equivalents 160 986 1 674 678 1 977 604 2 758 613

The maximum exposure to credit risk for trade receivables at the reporting date by type of customer is:

Local debtors 1 816 618 1 083 935

No trade receivables have been impaired in the current year.

NOTES TO THE FINANCIAL STATEMENTS (continued)for the year ended 30 June 2010

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F I N A N C I A L S T A T E M E N T S

10.2 LIQUIDITY RISK The following are contractual maturities of !nancial liabilities, including interest payments

and excluding the impact of netting agreements.

Carrying Contractual 6 months 6-12 2-5 More than amount cash flows or less months years 5 years30 June 2010

Non-derivative financial liabilities

Trade and other payables (1 140 206) (1 140 206) (1 140 206) - - -

30 June 2009

Non-derivative financial liabilities

Trade and other payables (1 756 907) (1 756 907) (1 756 907) - - -

11. STANDARDS AND INTERPRETATIONS NOT YET EFFECTIVE There are Standards and Interpretations in issue that are not yet e"ective. The directors have considered all of these Standards and Interpretations, and found none to be applicable to the business of the Company and therefore expect none to have a signi!cant impact on future !nancial statements.

NOTES TO THE FINANCIAL STATEMENTS (continued)for the year ended 30 June 2010

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F I N A N C I A L S T A T E M E N T S

2010 2009 R R

Revenue: 8 882 774 8 525 980

Administration fees – Central City Improvement District 952 494 881 939

Grant income – City of Cape Town 6 500 000 6 000 000

Parking and film income 1 430 280 1 644 041

Other income: 632 545 358 099

Interest received 196 519 49 482

Sundry income 436 026 308 617

9 515 319 8 884 079

Expenditure (refer to page 61) (9 719 210) (9 145 877) Net deficit (203 891) (261 798)

DETAILED INCOME STATEMENTfor the year ended 30 June 2010

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F I N A N C I A L S T A T E M E N T S

2010 2009 R R Expenditure: (9 719 210) (9 145 877)

Auditor’s remuneration 62 550 67 125

Bank charges 22 106 17 287

Cleaning 12 683 8 065

Computer expenses - 19 965

Depreciation 316 913 292 038

Donations and gifts 3 180 7 938

Events 67 678 65 271

General expenses 96 301 66 217

Insurance 30 864 13 336

Internet connectivity 16 560 28 436

Legal costs - 12 454

Office equipment 55 474 22 701

Postage 9 506 1 932

Printing and stationery 199 766 111 828

Project costs 2 569 266 2 940 570

Reimbursements paid 17 327 34 237

Rental expenses – operating lease 529 636 366 562

Repairs and maintenance - 640

Salaries and wages 5 137 994 4 617 475

Subscriptions 17 592 16 566

Telephone and fax 105 044 56 893

Training 95 417 131 752

Travel 353 353 246 589

DETAILED INCOME STATEMENTfor the year ended 30 June 2010

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F I N A N C I A L S T A T E M E N T S

CAPE TOWN CENTRAL CITY PARTNERSHIP (“THE COMPANY”)(AN ASSOCIATION INCORPORATED UNDER SECTION 21)REGISTRATION NUMBER 1999 / 009660 /08

Notice is hereby given in accordance with Section 179 of the Companies Act 61 of 1973 of the Annual General Meeting of the members of the Company to be held on 06 October 2010 at 09h00 at The Town House Hotel, 60 Corporation Street, Cape Town, for the following purposes:

AGENDA1. Welcome

2. Report by the Chairperson

3. Election of DirectorsThe election of directors who have retired by rotation are available for re-election. Any other nominations must reach the Chairperson and the Company Secretary at least 48 hours prior to the meeting.

4. To receive and consider the Annual Financial Statements for the year ended 30 June 2010, including the Directors’ Report and the Auditor’s Report thereon.

5. To consider the appointment and remuneration of the auditors.

6. To transact any such other business that may be transacted at an Annual General Meeting. Any member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote. A proxy need not also be a member of the company.

Proxy forms should be forwarded to the Company Secretary at The Terraces, 10th Floor, 34 Bree Street, Cape Town, 8001, marked for the attention of Mr Rawoot, and such proxy forms must reach the Company Secretary not less than 48 hours before the time of holding of the meeting.

_______________________________

NAZEER RAWOOT(Company Secretary)

NOTICE OF ANNUAL GENERAL MEETING

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F I N A N C I A L S T A T E M E N T S

CAPE TOWN CENTRAL CITY PARTNERSHIP (“THE COMPANY”)(AN ASSOCIATION INCORPORATED UNDER SECTION 21)REGISTRATION NUMBER 1999 / 009660 /08

For use by members of the Company at the Annual General Meeting to be held on 06 October 2010 at 09h00.

I, ____________________________________________________________(full name of member),

being a member of the Company, do hereby appoint _____________________________________,

or failing him / her _______________________________________________________________,

or failing him / her, the Chairperson of the meeting, _____________________________________,

as my proxy to act for me and on my behalf at the Annual General Meeting of the Company to be held on 06 October 2010 at 09h00, and at any adjournment thereof.

MATTER VOTING INSTRUCTIONTo elect directors SPECIFIC INSTRUCTIONS

To adopt the annual financial statements IN FAVOUR / AGAINST / ABSTAIN

To confirm the appointment and IN FAVOUR / AGAINST / ABSTAINremuneration of the auditors

Signed at _____________________________ on this __________ day of _________________ 2010

Member _________________________________________________________________________

NOTE: if this form, duly signed, is lodged without speci!c instructions as to how the proxy is to vote, the proxy shall be deemed to have authorised to vote as he / she deems !t.

A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend, speak and vote in his / her stead. Such a proxy need not be a member of the Company. Each proxy shall be lodged with the Chairperson or the Company Secretary at least 48 hours prior to the meeting at which the vote is to be exercised.

FORM OF PROXY

Page 66: Cape Town Partnership 2010 Annual Report

6 4 | C A P E T O W N P A R T N E R S H I P | A N N U A L R E P O R T 2 0 10

Editor René Gilbert Art Director Sean Robertson Editorial Writer Maxine Case Portrait Photography Richard Keppel-Smith Photographer’s Assistants Neil Danvers, Daniel Hack Hair and Make-up Debbie-Jean from Gloss Management Publisher Jason Curtis Production Nadiema Hardy Printer RSA Litho Reproduction New Media Publishing Editorial Development Director Irna van Zyl Business Development Director John Psillos Managing Director Bridget McCarney Creative Director Crispian Brown Production Director Lucrezia Wolfaardt Finance Manager Mark Oaten

Published on behalf of Cape Town Partnership by New Media PublishingNew Media House 19 Bree Street Cape Town 8001 Tel +27-21-417 1111www.newmediapub.co.za

Cape Town Partnership and CCIDThe Terraces10th floor34 Bree StreetCape Town 8001Tel +27-21-419 1881

Photo contributorsJacques MaraisAnita van ZylBruce Sutherland (City of Cape Town)Shaen Adey

CopyrightNo part of this publication may be reproduced without prior permission of the publishers and the reference“Cape Town Partnership” as photo and text source. No liability is assumed for unsolicited text and photos. Printed in the Republic of South Africa.

CREDITS

www.capetownpartnership.co.za

Page 67: Cape Town Partnership 2010 Annual Report

“Not only is it the physical surroundings that give Cape Town its beauty. It is the fact that the different communities which comprise the city are finally getting connected to one another and creating a fully integrated and sustainable economy.”

Clem Sunter, scenario planner and trends analyst