Western Cape Business 2018 edition
The 2018 edition of Western Cape Business is the 11th issue of this highly successful publication that, since its launch in 2005, has established itself as the premier business and investment guide for the Western Cape. In addition to the regular articles providing insight into each of the key economic sectors of the province, there are special features on the growth of tourism (spurred by an innovative programme designed to create more direct flights to Cape Town), medical technology as a growth sector and the pursuit of excellence that drives the Cape Winemakers Guild. The journal contains a message from Alan Winde, Minister of Economic Opportunities, and contributions from significant business leaders from Accelerate Cape Town, the Cape Chamber of Commerce and the Western Cape Business Opportunities Forum. An interview with Tim Harris, Wesgro’s CEO, reveals some of the recipe for the province’s economic success. Updated information on the Western Cape is also available through our monthly e-newsletter, which you can subscribe to online at www.globalafricanetwork.com, in addition to our complementary business-to-business titles that cover all nine provinces as well as our flagship South African Business title.
The 2018 edition of Western Cape Business is the 11th issue of this highly successful publication that, since its launch in 2005, has established itself as the premier business and investment guide for the Western Cape.
In addition to the regular articles providing insight into each of the key economic sectors of the province, there are special features on the growth of tourism (spurred by an innovative programme designed to create more direct flights to Cape Town), medical technology as a growth sector and the pursuit of excellence that drives the Cape Winemakers Guild. The journal contains a message from Alan Winde, Minister of Economic Opportunities, and contributions from significant business leaders from Accelerate Cape Town, the Cape Chamber of Commerce and the Western Cape Business Opportunities Forum. An interview with Tim Harris, Wesgro’s CEO, reveals some of the recipe for the province’s economic success.
Updated information on the Western Cape is also available through our monthly e-newsletter, which you can subscribe to online at www.globalafricanetwork.com, in addition to our complementary business-to-business titles that cover all nine provinces as well as our flagship South African Business title.
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OLD MUTUAL FOUNDATION CASE STUDIES<br />
Contributing to skills development is a key aspect of reducing youth unemployment and enabling marginalised people<br />
to move into the mainstream economy. Through funding received from Old Mutual Foundation, the Grootbos Green<br />
Futures Horticulture and Life Skills College near Gansbaai in the Overberg was able to provide educational training to 12<br />
unemployed young adults, giving them the skills and confidence necessary to market themselves and become employable,<br />
while at the same time contributing to the conservation and promotion of the <strong>Western</strong> <strong>Cape</strong>’s unique biodiversity.<br />
The MASISIZANE FUND focuses on enterprise<br />
development and job creation to help alleviate poverty<br />
and improve food security in South Africa. This is<br />
achieved through encouraging entrepreneurship and<br />
capacity development and financing of micro, small<br />
and medium enterprises (SMMEs). Preference is given<br />
to SMMEs with 51% plus ownership by women, youth<br />
or people with disabilities.<br />
Masisizane Fund disbursed R147m worth of funds<br />
in 2016 through soft loans in the three high-impact<br />
sectors and facilitated the creation of 862 jobs against<br />
a target of 625 jobs.<br />
In the <strong>Western</strong> <strong>Cape</strong>, Masisizane disbursed funds of<br />
R6 862 268 to one client which created 50 new jobs.<br />
MASISIZANE CASE STUDIES IN THE<br />
WESTERN CAPE<br />
The client managed to buy the business from her father<br />
in 2011 for R250k. She managed to turn the business<br />
into a profitable operation by diversifying the product<br />
range and increasing the revenue streams from R2.3m<br />
(2011) to R8.4m in 2015.<br />
Case Study Fast Facts<br />
Masisizane Fund Loan R3.67m<br />
Number of Jobs<br />
50 Jobs Facilitated<br />
Geographic Location Peri-Urban<br />
Sector<br />
Supply Chain<br />
WANT TO HELP BUILD THE PLATFORM<br />
FOR FINANCIAL INCLUSION?<br />
Financial education is the gateway to financial<br />
inclusion. The Old Mutual Financial Wellbeing<br />
programme promotes financial literacy and awareness<br />
across market segments in line with the Financial Sector<br />
Charter. We offer highly effective financial education<br />
and support programmes to help South Africans take<br />
control of their finances.<br />
Between 2007 and end of 2016 more than 589 808<br />
people were reached through face-to-face workshops<br />
held for communities as well as employees in the public<br />
and private sector.<br />
In 2016 more than 88 000 individuals participated in<br />
our On the Money workshops nationally, with 24 674<br />
participating in our Fin360 programmes.<br />
Lasco Crete (Pty) Ltd<br />
Lasco Crete (Pty) Ltd is a 100% female-owned<br />
manufacturing company that produces concrete<br />
products focusing on walling solutions for various<br />
markets. The business operations are based in Philippi<br />
Township within the <strong>Cape</strong> Flats area of <strong>Cape</strong> Town.<br />
In the <strong>Western</strong> <strong>Cape</strong> 13 638 individuals were trained<br />
in our Old Mutual On the Money financial education<br />
programme and 6 090 were trained in our Fin360<br />
financial education programme.<br />
For more information, contact Savarion<br />
Arendse at <strong>Western</strong><strong>Cape</strong>PMB@oldmutual.com
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