Western Cape Business 2017 edition

OVERVIEW
Manufacturing
Diesel locomotive engines are powering up in Montague Gardens.
A
diverse manufacturing sector contributes 15% to the
Western Cape’s GDP and the renewable energy sector holds
huge potential for further growth.
Growth in the manufacturing sector between 2003 and
2013 averaged 2.2% and the Provincial Economic Review and Outlook
(Western Cape Treasury 2015) predicts the same level of growth
to 2020.
A recent Moody’s report on the green economy in Africa states
that South Africa is growing the fastest in that sector in Africa, and
at one of the fastest rates in the world. The Western Cape is driving a
green economy manufacturing strategy focussed on the suburb of
Atlantis. At this stage, some 70% of South Africa’s manufacturing in
renewables is happening in the Western Cape.
Even an established investor such as fridge manufacturer Hisense
is exploring ways to make its product greener, either through its own
processes or encouraging its suppliers to go down that route.
SECTOR INSIGHT
Seda has launched an
enterprise incubator at False
Bay TVET College.
• Cape Town’s catamaran
builders are world leaders.
Investment agency Wesgro
has noted the following major investments
into the Western Cape
since 2003: Hisense, Kimberly-
Clark, Tellumat, Exar Corporation,
GlaxoSmithKline and General
Electric.
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