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Easing water restrictions will put CT back on the investor map, says Wesgro CEO

13 September 2018 4:24 PM
Tags:
Drought
Investment
Investor confidence
Wesgro
Cape Town water crisis
Day zero
CT
Wesgro, the WC govt's investment arm, welcomes the decision to relax water restrictions and associated tariffs from 1 October.

Wesgro CEO Tim Harris says Cape Town is now being positioned as a sustainably resilient destination for tourists and for investment.

Wesgro, the Western Cape government's investment arm, welcomes the decision to relax water restrictions and associated tariffs from 1 October.

Water restrictions will be lowered from Level 6B to Level 5.

Read: Plan to ease CT water restrictions sends right tourism message, says scientist

Harris explains that a message about resilience around the water crisis may help restore investor confidence.

The importnat thing now is that we are able to signal that there's light at the end of the tunnel and we're on the path to recovery.

Tim Harris, CEO at Wesgro 

The Day Zero frenzy and the drought messaging had a negative impact on the Cape economy, he says.

Harris says Cape Town needs to be put back on the map as an export centre, tourist desitination, and as place to shoot films and host international conferences.

Also read: 'Day Zero' frenzy played a role in declining CT film industry, says producer

He explains that tourism bodies, major hotel groups, and the government have jointly invested in a campaign to promote Cape Town as a travel destination to the global market.

All of those [investment opportunities] had a huge question mark over them for that intense period at the beginning of this year when we were all under the cloud of Day Zero.

Tim Harris, CEO at Wesgro 

We're talking about almost 60 000 jobs lost in agriculture.

Tim Harris, CEO at Wesgro 

Our [Wesgro] team experienced about a 25% reduction in investment leads.

Tim Harris, CEO at Wesgro 

You can see the damage to the film sector.

Tim Harris, CEO at Wesgro 

Listen to the discussion on The Pippa Hudson Show:

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13 September 2018 4:24 PM
Tags:
Drought
Investment
Investor confidence
Wesgro
Cape Town water crisis
Day zero
CT

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