In Cape Town, a city where homes are worth millions of dollars downtown and along the coast, millions of residents live in shantytowns without basic services, far from workplaces. The mayor warns that limiting apartment rentals to tourists could harm the local economy, which is one of the few rapidly growing sectors in South Africa, capable of lifting people out of poverty and providing employment. Just two streets from the Atlantic Ocean, near luxury shops and cafes, lies Sage, a modern apartment building primarily aimed at tourists, with over a third of its apartments reserved for short-term rentals on Airbnb.
