Fin24

Western Cape attracts foreign money

2012-08-02 22:00

Cape Town - The Western Cape attracted over R30bn in foreign direct investment (FDI) projects in the last three years, Economic Development MEC Alan Winde said on Thursday.

"The Western Cape has been able to continue to attract international foreign investment despite the global economic downturn," he said at the opening of a factory in Cape Town.

"It is the residents of our province that benefit from these investments in increased job opportunities and improved infrastructure development."

Winde said 80 FDI projects between 2009 and 2012 had resulted in 6 900 jobs.

The United Kingdom was the top investor, followed closely by the United States.

The other countries investing in the province were France, Germany and the Netherlands.

"It is clear that our province is becoming a leading business destination for international companies.... We are doing all that we can to make it easy to do business in our region."

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Comments
  • peter.fraser.92754 - 2012-08-03 08:51

    How do you measure the amount and the jobs created / Is it thumbsuck like usual ? Look what happened at thumsucking the MiCiti bus project..billions out...and we have never heard of it again ! You will also never hear again of this investments and jobs....typical DA, they can sue,they can moan,but they cannot manage.Cape Town city has excellent officials/not excellent politicians.The staff does the work and the planning...NOT the DA. Period.

  • bob.small.7547 - 2012-08-03 09:09

    The more viable and prosperous you make the Western Cape, the more the ANC would like to grab it back for themselves! They cocked it up, you took it over and built it, now they will want it back to rape it again.

  • denis.dendrinos - 2012-08-03 09:32

    White capitalist imperialist counter-revolutionaries supporting the same - that is the ONLY reason I can think of that this is happening...... (wipes off the rest of the dripping sarcasm)

      delish7564 - 2012-08-03 11:04

      Glad you added that bit Denis, was beginning to wonder what you were talking about :)

  • The-Azanian - 2012-08-03 10:13

    Very good that our country still has the potential to attract FDI after the recession...

      aaron.radebe.1 - 2012-08-03 11:47

      You mean despite the ongoing (gravy) train crash that is the ANC?

  • carel.venter - 2012-08-03 18:07

    Well done. At an average growth of about 9% per year and probably 40% of total FDI into SA for the same period (who is after Nigeria the largest FDI destination on the continent). Keep up the good work.

  • nicolaas.geldenhuys - 2012-10-10 15:05

    Well it is the only DA-run province so of course it's more attractive for foreign investors!

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