Finance · South Africa
V&A Waterfront Grows Strong with New Luxury Wing and Hotel Plans
Moneyweb · 2026/02/06
Summary
The V&A Waterfront in Cape Town has reported a strong performance during the festive season, showing growth and resilience in the retail and tourism sectors. This success comes amid ongoing plans for major expansion, including the opening of a luxury retail wing in 2026. Additionally, the Edition Cape Town hotel is set to launch by the third quarter of the year, promising to attract more tourists and visitors to the area. There are also plans to open a new superyacht basin by October, which will boost marine and luxury tourism. These developments indicate confidence in the region's economic growth and appeal as a top destination.
OnABudget takeaway: This growth at V&A Waterfront means more job opportunities and better shopping options for locals. Small businesses and investors could benefit as tourism and retail sectors expand, but it’s also a sign to budget wisely as living and leisure costs in the area may rise.