This paper uses the Cape Area Panel Study (CAPS), a new longitudinal survey of 4,800 young people in metropolitan Cape Town, to analyze multiple dimensions of the transition to adulthood. CAPS provides data on reproductive health, sexual activity, schooling, work, and living arrangements for urban youth. Results indicate high levels of sexual activity, but low levels of marriage and cohabitation. Over 70% of 18 year-old African females have had sex, 22% have been pregnant, and 14% have given birth, but only 4% have lived with a partner. These patterns are combined with high levels of school enrollment, but limited transitions into\nemployment for African males and females.