WC prepares for Brexit

With the deadline for Brexit fast approaching, the Western Cape business community has interventions in place to help navigate the changes and uncertainty that the new environment will bring. In terms of a Memorandum of Understanding (MoU) signed by the UK’s Department for International Trade (DIT) and the Western Cape’s trade and investment promotion agency, Wesgro, the agency’s Consultative Forum will work with UK companies to identify and address barriers to doing business in the Western Cape. Ranked as the second largest export market for the province, the UK is also the province’s largest investor by number of projects, accounting for 25% of all foreign investment projects into the Western Cape between January 2003 and September 2017. Wesgro is planning to host a seminar with local businesses to provide the most up-to-date information on possible Brexit scenarios and outcomes.