5 years ago

Western Cape Business 2018 edition

  • Text
  • Nedbank
  • Sectors
  • Growth
  • Finance
  • Government
  • Africa
  • Management
  • Infrastructure
  • Transport
  • Opportunities
  • Energy
  • Development
  • Wesgro
  • Vodacom
  • Investment
  • Cape
  • Business
  • Tourism
  • Economic
  • Municipality
The 2018 edition of Western Cape Business is the 11th issue of this highly successful publication that, since its launch in 2005, has established itself as the premier business and investment guide for the Western Cape. In addition to the regular articles providing insight into each of the key economic sectors of the province, there are special features on the growth of tourism (spurred by an innovative programme designed to create more direct flights to Cape Town), medical technology as a growth sector and the pursuit of excellence that drives the Cape Winemakers Guild. The journal contains a message from Alan Winde, Minister of Economic Opportunities, and contributions from significant business leaders from Accelerate Cape Town, the Cape Chamber of Commerce and the Western Cape Business Opportunities Forum. An interview with Tim Harris, Wesgro’s CEO, reveals some of the recipe for the province’s economic success. Updated information on the Western Cape is also available through our monthly e-newsletter, which you can subscribe to online at, in addition to our complementary business-to-business titles that cover all nine provinces as well as our flagship South African Business title.

PROFILE Expanding

PROFILE Expanding conference facility will ensure growth The CTICC remains Africa’s destination of choice for international conferences. A R3.7-billion contribution to the national economy, more than R215-million in revenue, 416 733 delegates, 482 events – and an unqualified clean audit. Those were the headline items when the annual results of Cape Town International Convention Centre for 2016/17 were presented to the public. CTICC 2, the Cape Town International Convention Centre’s recently completed expansion, was the venue for the release of the CTICC’s annual financial and operational results in October 2017. For the third consecutive year, the CTICC delivered record-breaking revenues which rose to R215.6-million from R209-million the previous year. The centre reported an operating profit of R57.4-million and delivered an after-tax profit of R43.4-million. Activities sustained 7 824 jobs and the contribution to the Western Cape regional economy (GGP) was R3.1-billion. Number one in Africa As new convention centres open across the world, Cape Town and the CTICC remains a destination of choice for international meetings. The CTICC attracted 31 000 visitors to the 36 international conferences in 2016/17. This is the highest number of international conferences held at any convention centre in Africa. International delegates, exhibitors and visitors to conferences at the CTICC generated R1.3 billion in foreign exchange earnings. The CTICC made strides in reducing the environmental impact of meetings and events. It diverted over 502 tons of waste from city landfills through its extensive recycling and upcycling initiatives and achieved an 84% diversion of waste from landfill. The centre’s energy consumption was further reduced by 6% (43 300 kWh) on the previous year, peak average usage was reduced by 4.5%. The centre implemented a range of water conservation measures as the drought in the Western Cape deepened. Expansion The CTICC expansion forms part of the City of Cape Town’s ambitious Foreshore Freeway Precinct Project that promises to bring residential and economic opportunities closer together, not only enlivening the Foreshore area but also addressing apartheid-era spatial planning. The expansion represents an investment of over R800-million by the CTICC and its two majority shareholders (the City of Cape Town and Western Cape Government), a concrete vote of confidence in the conference sector, the city and the province. CTICC 2 adds six exhibition halls, nine formal meeting suites and rooms and two rooftop terraces to the centre’s inventory and can be used as an extension of CTICC 1 or an exclusive facility. CTICC 2 successfully hosted its first event – the 21st Annual Congress of the SA Council of Shopping Centres in September 2017. The CTICC’s forward book of international events is strong. Together with the Cape Town & Western Cape Convention Bureau, the CTICC won 16 international conference bids in the past financial year alone and has already secured 58 major international events up until 2022. WESTERN CAPE BUSINESS 2018 48

SIZE DOES MATTER Big. Spaces Better. Options Best. Experiences It’s been said that size doesn’t matter, but when it comes to creating extraordinary experiences for your guests, delegates or attendees, we have to disagree. That’s why we recently expanded the CTICC with the sole aim of giving our clients and guests more… More space. More flexibility. More award-winning cuisine. More attention to detail. More convenience. More breathtaking views. More parking. More facilities. All of which give you more opportunity to transform your meeting, event, conference or show into a truly extraordinary experience. To discover the massive positive impact our bigger and better convention centre can have on your brand or business, contact the CTICC today on +27 21 410 5000 or email

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