Economy boost for province on cards

FRIDAY MARCH 23 2018 THE Western Cape’s economy is set for a massive boost. This comes after the province’s trade and investment promotion agency set out its plan for the Cape economy in the 2018/19 financial year.

Wesgro chief executive Tim Harris said the investment agency would continue to position Wesgro as the “first port of call” for potential investors.

“This while providing essential knowledge, access and expertise. In alignment with new research undertaken and key markets identified, 14 missions are scheduled for the 2018/19 financial year. The Agribusiness Investment Unit will conduct a total of six missions. Wesgro’s investment team will also seek to ensure complete strategic alignment with the InvestSA One Stop Shop in the Western Cape.”

The destination marketing team at Wesgro identified three opportunities for the new financial year.

“These included promoting incentive travel, through the Convention Bureau, which is a key driver in the Asian market; adopting an holistic approach to emerging markets, by working closely with other key departments of Wesgro on joint programmes such as the Angola Wine Project; and promoting niche tourism experiences. These experiences include cycling, culture and heritage… and food and wine tourism.”

Mayor Patricia de Lille said: “I am always encouraged to see the good work Wesgro are doing despite the tough economic climate. In the last three months of 2017 alone Wesgro and other industry bodies funded by the City facilitated R1.3 billion in investments. These investments created thousands of jobs in the business process out-sourcing, ICT, manufacturing and renewable energy sectors.” – Staff Reporter