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The Western Cape Government’s trade and investment promotion entity, Wesgro, secured R7.75 billion in committed investment in 2023/24, resulting in 3 913 jobs being created over the next five years. The green economy 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 Parliament 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 by Wesgro to bring more jobs to the province.

Other notable achievements from the Annual Reports include:

     1244 individuals were registered as tourist guides

     400 beneficiaries supported with tourism safety services,

     72 businesses supported with export-readiness interventions

     The Business Support Helpline Service recorded 336 cases being logged by businesses, with a 93% resolution rate.

The DA in the Western Cape commends the Department of Economic Development and Tourism on its outstanding work to enable greater economic growth in the province. It is only through economic growth that we can achieve a sustainable improvement in the lives of our residents. Where the DA governs, we are obsessed with job creation, and we will make sure that government makes it as easy as possible for the private sector to create jobs.

Issued by Noko Masipa, MPP - DA Western Cape Spokesperson on Economic Development and Tourism