MEC Winde: WC a better place to do business
He says the economic and business ‘atmosphere’ in the WC is different compared to the rest of SA.
CAPE TOWN - Economic Opportunities MEC Alan Winde claims the business environment in the Western Cape is more conducive for growth compared to the rest of South Africa.
He has delivered the closing address at investment and trade agency, Wesgro's annual performance briefing in Cape Town today.
MEC Winde says the economic and business 'atmosphere' in the Western Cape is different compared to the rest of South Africa.
"We have got many investors who have invested and are wanting to double up on their investment - treble up on their investments. So we are seeing growth."
Wesgro's Tim Harris shares this sentiment, saying people are flocking to the province looking for opportunities.
"We have had people voting with their feet from across the country coming to the Western Cape; about ten families per day have moved from the rest of the country into the Cape for the last ten years."
The agency's promoting efforts brought in R2 billion worth of foreign investment in the 2015/2016 financial year.