Western Cape rakes in over R1.3bn in investments in Q1

The Western Cape's investment promotion agency Wesgro said on Friday it had facilitated over R1.3 billion in investments in the first quarter, which would support the creation of 549 direct jobs.

It said the nine investment projects secured represented a cross-section of the local economy and included projects in tech, financial services, food and beverage, apparel and the green economy.

The investment is the outcome of tours to nine international markets including Malaysia, United States, United Kingdom, Germany, Hong Kong, China and France to promote opportunities in Cape Town and the Western Cape.

© Now Media. This content is protected by copyright and may not be adapted or republished. If you would like to discuss cooperation opportunities, please contact: editor@freightnews.co.za.