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TimesLIVE reports that the Western Cape government’s trade and investment promotion agency Wesgro has secured R7.75bn in committed investments for the 2023/2024 financial year.
Noko Masipa, a member of the provincial legislature and DA spokesperson on economic development and tourism, said this would lead to 3,913 jobs being created over the next five years. He indicated that the green economy had emerged as a key investment driver, representing 57% of the new projects facilitated. “In addition, 157 trade declarations were secured by Wesgro to the value of about R6.8bn, resulting in 4,948 jobs,” he advised. The department, with its associated entities, recently presented their annual reports in the legislature. They highlighted the following: the registration of 1,244 tourist guides; the provision of tourism safety services to 400 beneficiaries; 72 businesses having received export-readiness support; and the business support helpline having recorded 336 cases, with a 93% resolution rate.
- Read the original of the short report in the above regard by Jim Mohlala at TimesLIVE
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