CONTENTS
CONTENTS Western Cape Business 2024 Edition Introduction Foreword 3 The Western Cape’s guide to business and investment. Special features A regional overview of the Western Cape 4 Tourism and the film sector are bouncing back and oil and gas exploration on and off the West Coast is taking off. Where South Africa faces its toughest challenges in energy, transport and housing the Western Cape is stepping up with practical solutions. The better future we want to build 8 In providing an overview of the Western Cape’s new Growth for Jobs Strategy, Minister for Finance and Economic Opportunities, Mireille Wenger, challenges businesses and citizens of the province to have the courage to adapt, reform and make the right choices. Business tourism is booming 10 The Western Cape is cementing its place in the top rank of business tourism destinations. International Public Art Festival comes to Cape Town 37 The city became an open-air gallery for the eighth edition of a global showcase. Economic sectors Agriculture 18 Port logistics are hampering exports. Grapes and wine 20 Getting grapes on ships is proving difficult. Mining 22 West Coast mining and prospecting is booming. Oil and gas 24 Exploration is accelerating. Energy 26 Worcester has a Battery Energy Storage System. Manufacturing 32 “Made in the Cape” is a new brand. Construction and property 33 Cape Town Station has been transformed. Transport 34 Cape Town is more connected than ever before. Tourism 36 Airport and cruise liners set records. Education 38 Climate change is trending in academic circles. SMME and development finance 42 Access to funding is being prioritised. Banking and financial services 43 Acquisitions accelerate in financial sector. References Key sector contents 16 Overviews of the main economic sectors of the Western Cape. Index 44 WESTERN CAPE BUSINESS THE GUIDE TO BUSINESS AND INVESTMENT IN THE WESTERN CAPE PROVINCE JOIN US ONLINE 2024 EDITION WWW.GLOBALAFRICANETWORK.COM | WWW.WESTERNCAPEBUSINESS.CO.ZA ABOUT THE COVER: Top left, then clockwise to centre; wine vista near Wellington, Visit Winelands; public transport, MyCiTi; Nelson Mandela statue, City Hall, City of Cape Town; Cape Town International Convention Centre celebrated 20 years in 2023, CTICC; wind power in the Karoo, Roggeveld Wind Farm; downtown Cape Town, CCID; beach huts at Muizenberg, A Gorman Photography/Beach Hut Trust.
Western Cape Business A unique guide to business and investment in the Western Cape. Credits Publishing director: Chris Whales Editor: John Young Managing director: Clive During Online editor: Christoff Scholtz Designer: Tyra Martin Production: Sharon Angus-Leppan Ad sales: Gavin van der Merwe Sam Oliver Shiko Diala Gabriel Venter Venesia Fowler Tennyson Naidoo Vanessa Wallace Graeme February Administration & accounts: Charlene Steynberg Kathy Wootton Distribution and circulation manager: Edward MacDonald Printing: FA Print The 2024 edition of Western Cape Business is the 17th 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. The Western Cape has several investment and business opportunities. In addition to the regular articles providing insight into each of the key economic sectors of the province, a special feature focuses on the meetings, incentives, conferences and exhibitions (MICE) sector in the Western Cape. The Cape Town International Convention Centre celebrated its 20th year of operation in 2023 and is now a complex comprising two large and adaptable facilities. Jointly owned by SunWest International, the City of Cape Town and the Provincial Government of the Western Cape, the venue has become a popular destination for all-Africa conferences such as the Investing in African Mining Indaba, which in 2023 attracted nearly 10 000 delegates from more than 100 countries. The two public entities jointly hold 94.9% of the shareholding of the company that runs the CTICC. Many other towns in the Western Cape such as Stellenbosch have conference facilities, whether they are in dedicated facilities or attached to hotels or resorts. To complement the extensive local, national and international distribution of the print edition, the ebook edition can also be viewed online at www. westerncapebusiness.co.za. Updated information on the Western Cape is also available through our monthly e-newsletter, which you can subscribe to online at www.gan.co.za, in addition to our complementary business-to-business titles that cover all nine provinces as well as our flagship South African Business title and the new addition to our list of publications, The Journal of African Business, which was launched in 2020. ■ Chris Whales Publisher, Global Africa Network Media | Email: chris@gan.co.za FOREWORD DISTRIBUTION Western Cape Business is distributed internationally on outgoing and incoming trade missions, through trade and investment agencies; to foreign offices in South Africa’s main trading partners around the world; at top national and international events; through the offices of foreign representatives in South Africa; as well as nationally and regionally via chambers of commerce, tourism offices, airport lounges, provincial government departments, municipalities and companies. Member of the Audit Bureau of Circulations COPYRIGHT | Western Cape Business is an independent publication published by Global Africa Network Media (Pty) Ltd. Full copyright to the publication vests with Global Africa Network Media (Pty) Ltd. No part of the publication may be reproduced in any form without the written permission of Global Africa Network Media (Pty) Ltd. PHOTO CREDITS | Airspace-africa.com; Boogertman + Partners; Cape Town International Convention Centre (CTICC); Craft Design Institute (CDI); DCI Community Housing Services; Design Lab; Eskom; Future- Ed; HORTGRO; Kropz; PASA; SAIAMC; SAOGA; Sky Pixels/Wikimedia Commons; TNPA; Vinpro; Ryan Warneke/CCID; Yacht Club; John Young. PUBLISHED BY Global Africa Network Media (Pty) Ltd Company Registration No: 2004/004982/07 Directors: Clive During, Chris Whales Physical address: 28 Main Road, Rondebosch 7700 Postal address: PO Box 292, Newlands 7701 Tel: +27 21 657 6200 | Fax: +27 21 674 6943 Email: info@gan.co.za | Website: www.gan.co.za ISSN 1816 370X DISCLAIMER | While the publisher, Global Africa Network Media (Pty) Ltd, has used all reasonable efforts to ensure that the information contained in Western Cape Business is accurate and up-to-date, the publishers make no representations as to the accuracy, quality, timeliness, or completeness of the information. Global Africa Network will not accept responsibility for any loss or damage suffered as a result of the use of or any reliance placed on such information. 3 WESTERN CAPE BUSINESS 2024
