Finance · South Africa
Good Hope Centre in Cape Town to Be Sold at Auction
Moneyweb · 2026/02/17
Summary
The Good Hope Centre in Cape Town, which opened in 1976 as a multipurpose indoor arena, is set to be sold at auction. The venue lost popularity and went into decline after the Cape Town International Convention Centre opened in the early 2000s. The sale presents an opportunity for developers and investors to transform the space, potentially boosting local business and tourism. This could lead to new jobs and revitalisation in the area, benefiting the community. However, it also raises questions about the future use of the property and how accessible it will remain to the public.
OnABudget takeaway: For investors and small business owners, this auction is a chance to invest in Cape Town’s real estate market and contribute to the city’s growth. Consumers might see new developments and opportunities in the area that could bring better services or facilities.