Nearly R3bn in investment raised for Cape Town, Western Cape in 2018/19

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

This followed a successful fourth quarter in which more than R500 million in declared investments was secured.

The Western Cape’s investment promotion agency Wesgro said on Tuesday it had helped secure R2.85 billion in investments in the province during the 2018/19 financial year which would be realised over a five year period and create nearly 1,000 jobs.

It said this followed a successful fourth quarter in which more than R500 million in declared investments was secured across the technology, real estate, waste and agribusiness sectors. The investment team manages a pipeline of investors, assisting them to do business in the city and broader province, which is currently valued at R29.4 billion.

“During the last quarter, 25 new investment projects were recruited into the pipeline,” Wesgro said, adding that it welcomed 28 inward business delegations from Germany, China, Switzerland, Thailand, Israel, Hong Kong, Canada, Malaysia, Sweden, Uganda, the United States, Japan, the Netherlands, Mauritius, Qatar, France, and from within South Africa.

Wesgro chief business officer Yaw Peprah said: “A key focus in 2018/19 was to strengthen the agency’s relationship with municipalities across the province, so as to assist in promoting and attracting investment into locations across the entire region.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New flight between Cape Town and Newark/New York a boon for businessAmericans are already ranked as a sizeable and growing market of travellers to South Africa, and the announcement of a non-stop flight between Cape Town and the USA is set to boost this tourism.
Source: TimesLIVE - 🏆 28. / 59 Read more »

New flight between Cape Town and Newark/New York a boon for businessAmericans are already ranked as a sizeable and growing market of travellers to South Africa, and the announcement of a non-stop flight between Cape Town and the USA is set to boost this tourism.
Source: TimesLIVE - 🏆 28. / 59 Read more »

New Cape Town/New York flight could boost business in SAThe mooted United Airlines flight from New York’s Newark airport would increase tourism as well as foreign direct investment Fix the electricity and sort out the water problems. Yanks like aircon and long showers.
Source: BDliveSA - 🏆 12. / 63 Read more »