Garden Route Investment Conference

Event Africa Contributor 13/03/2018 Industry News
Garden Route Investment Conference

The Garden Route Investment Conference took place between 7 – 8 March in George Municipality. This important gathering of investors in the Garden Route district shows that the Western Cape is open for business and that there are a variety of economic opportunities across the length and breadth of the province.

The conference provides an opportunity for municipalities in the district and the private sector to engage on a one-on-one basis with investors and will include delegations from Singapore, Sweden and China.

The conference took place over two days: 07 – 08 March 2018. Wesgro CEO, Tim Harris, addressed the gathering, with Wesgro’s Head of Investment Promotion, James Milne.

As part our mandate to assist with investment promotion across the Western Cape, the Wesgro Investment Promotion Unit, also leads business-to-business meetings and assists local companies in their engagement with prospective investors. Our trade team provided an overview on how to become export ready.

Wesgro’s support for the Garden Route Investment Conference forms part of our #CapeConfidence campaign. This campaign aims to inspire investor confidence in our provincial economy. This was critical in the face of numerous national and international challenges that were being encountered.

In June last year, we kicked off the campaign with a special workshop on how our province would respond to the credit ratings downgrades. This was followed by two additional seminars in the Cape Winelands and the West Coast. We are now equally excited to be visiting the Garden Route, and look forward to using this important opportunity to get the message out that the Western Cape is open for business.

Wesgro CEO, Tim Harris, viewed this conference as an opportunity to show investors that the Western Cape has many exciting prospects for business. “Between 2006 and 2015, the Garden Route district’s economy grew at an average rate of 4.8%, while total exports grew by 45% in the same period, accounting for over R2 billion. This is an excellent story to share with investors from around the world. Our Investment Promotion Unit are ready to assist in landing these investments, by helping cut red tape, and we encourage all delegates at the conference to make use of this important in-house capacity at Wesgro.”

The key sectors being highlighted include agri-processing, aviation, education and training, finance, business services, real estate, ICT, light manufacturing, oil & gas, timber, tourism, waste beneficiation and clean energy.