The Western Cape has reportedly secured a number of foreign direct Green Field investments, surpassing last year’s figures by 143% - and compared to the national improvement of 32%.
This emerged when Wesgro released its annual review yesterday, saying they had secured 10 investment projects worth more than R2billion, exceeding the R1,7billion target - and creating 681 new jobs in the Western Cape.
Tim Harris, Chief Executive Officer at Wesgro says the biggest project they secured is a project in Canada with a Spanish renewable company.
The exciting thing about the renewable sector is that it's pretty new sector it was only established globally in the last couple of years but certainly as far as South Africa goes, the heart of renewables industry is in the Western Cape.— Tim Harris, Chief Executive Officer at Wesgro
We are not only helping the Spanish company set up a wind farm in Caledon, we have also helped a company set up towers in Atlantis.— Tim Harris, Chief Executive Officer at Wesgro
We are able to create jobs from producing the actual vicinity through to generating the power itself...— Tim Harris, Chief Executive Officer at Wesgro
Listen to the full conversation below: