By Amy Musgrave
Wesgro, which is the Western Cape government’s trade and investment promotion entity, has secured R7.75 billion in committed investment in 2023/24.
This will see 3913 jobs being created over the next five years, DA Western Cape economic development and tourism spokesperson Noko Masipa said on Sunday.
South Africa’s green economy is growing, and Masipa said it 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 around R6.8 billion, resulting in 4 948 jobs.
This was revealed during the tabling of the Department of Economic Development and Tourism and its entities’ annual reports in the provincial legislature this week.
The Western Cape government has prioritised job creation through its Growth for Jobs Strategy, “and the evidence of an economy picking up momentum can be seen in the sterling work done
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