Despite a global economic downturn and the energy crisis in South Africa, the organisation says the province continues to attract serious business.
More than 50 % of these investments are in the green economy and around 17% in the pharmaceutical industry. Over the next five years, projects such as the manufacturing of solar equipment and cold storage for the health sector will take place.
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Cape Town and Western Cape to receive billions in investmentInvestment results for the 2022/23 financial year of Wesgro, the Official Tourism, Trade and Investment Promotion Agency for Cape Town and the Western Cape, has highlighted the attractiveness of the city and province as an investment destination of choice.
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