Wesgro’s Investment Promotion unit kickstarted the new financial year (April to June 2021) with a record-breaking R5-billion investment secured off the back of a mega real estate deal. The project is predicted to support the creation of approximately 4 000 new direct jobs over the next five years.
In addition to this, the unit managed to acquire 22 new projects into the pipeline, confirming the ongoing interest in Cape Town and the Western Cape as a lucrative investment destination, particularly in the Information Communication Technology (ICT), manufacturing, real estate, green economy, energy, and tourism sectors, says Western Cape Minister of Finance and Economic Opportunities, David Maynier.
“Pivoting to virtual solutions to offer ongoing support to businesses both locally and internationally, the unit successfully launched the Fund Matchmaking Portal, in partnership with FinFind, to help businesses find best funding options available for their needs, with the One Stop Shop Western Cape also offering a full online suite of services through the launch of their quick and easy-to-use online booking system - a first of its kind for the InvestSA branches,” he says.
“In addition, Wesgro’s Agribusiness Investment Unit secured a total of R259.5 million into the local economy, supporting the creation of 358 direct jobs.”
