I got this from a kiteboarding forum (thank goodness for Google blog search):
Cape Town's hovercraft ferry service from the fast-growing Table Bay seaboard with its nightmare traffic jams to the city centre is a step closer to reality.
The City of Cape Town has agreed to lease prime property near the Big Bay beachfront to a company that plans to run a modern, fast hovercraft ferry service to the V&A Waterfront. This could ease the notorious traffic jams from the seaboard suburbs such as Table View, Parklands, Milnerton and Blouberg to the city centre. The area has rudimentary public transport.