Western Cape Business 2019 edition
A unique guide to business, investment and tourism in the Western Cape. The 2019 edition of Western Cape Business is the 12th 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 Province. The Western Cape has varied investment and business opportunities. In addition to the regular articles providing insight into each of the key economic sectors of the province, there are special features in this journal on the big impact which the relatively new maritime sector is having, together with tourism and events and renewable energy. The potential for independent generation is an exciting new avenue for local authorities. Western Cape Business contains interviews and messages from business leaders from Accelerate Cape Town, the Cape Chamber of Commerce and the Western Cape Business Opportunities Forum. Tim Harris, the CEO of Wesgro, outlines the successful investment attraction strategies that his organisation has been adopting. To complement the extensive local, national and international distribution of the print edition, the full content can also be viewed online at www.westerncapebusiness.co.za. Updated information on the Western Cape is also available through our monthly e-newsletter, which you can subscribe to at https://www.globalafricanetwork.com/subscribe/, in addition to our complementary business-to-business titles that cover all nine provinces as well as our flagship South African Business title.
A unique guide to business, investment and tourism in the Western Cape.
The 2019 edition of Western Cape Business is the 12th 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 Province.
The Western Cape has varied investment and business opportunities. In addition to the regular articles providing insight into each of the key economic sectors of the province, there are special features in this journal on the big impact which the relatively new maritime sector is having, together with tourism and events and renewable energy.
The potential for independent generation is an exciting new avenue for local authorities. Western Cape Business contains interviews and messages from business leaders from Accelerate Cape Town, the Cape Chamber of Commerce and the Western Cape Business Opportunities Forum. Tim Harris, the CEO of Wesgro, outlines the successful investment attraction strategies that his organisation has been adopting.
To complement the extensive local, national and international distribution of the print edition, the full content can also be viewed online at www.westerncapebusiness.co.za. Updated information on the Western Cape is also available through our monthly e-newsletter, which you can subscribe to at https://www.globalafricanetwork.com/subscribe/, 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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OVERVIEW<br />
• The Black <strong>Business</strong> Supplier Development Programme, a costsharing<br />
grant to promote competitiveness<br />
• The Co-operative Incentive Scheme, a 100% grant<br />
• The Small Enterprise Development Agency is an agency of the DSBD<br />
that gives non-financial support to entrepreneurs through training,<br />
assistance with filling in forms, marketing and creating business<br />
plans. It helps small businesses draft applications for loan finance.<br />
Seda has established a Rapid Incubator in partnership with the Centre<br />
for Entrepreneurship (CFE) at False Bay TVET College, Westlake Campus.<br />
Intended to encourage TVET graduates to start their own businesses,<br />
the focus is on metal fabrication and furniture making. The Rapid<br />
Incubation Programme encourages innovative thinking and promotes<br />
students, entrepreneurs and potential clients to interact. Learning how<br />
to commercialise products and services is a key element of the course.<br />
<strong>Business</strong> Partners Limited is described by Seda as “one of the more<br />
successful SMME support organisations”. With a head office in central<br />
<strong>Cape</strong> Town, <strong>Business</strong> Partners is an unlisted company that offers loans,<br />
mentorship, consulting and business support.<br />
The National Gazelles is a national SMME accelerator jointly funded<br />
by Seda and the DSBD. The aim is to identify and support small<br />
businesses with growth potential across priority sectors aligned with<br />
the National Development Plan and Seda’s SMME strategy. <strong>Business</strong>es<br />
can receive up to R1-million for training, productivity advice, business<br />
skills development and the purchase of equipment.<br />
ONLINE RESOURCES<br />
<strong>Cape</strong> Gateway: www.capegateway.gov.za<br />
Industrial Development Corporation: www.idc.co.za<br />
National Small <strong>Business</strong> Chamber: www.nsbc.org.za<br />
PERA: www.wcpremiersawards.co.za<br />
Small Enterprise Development Agency: www.seda.org.za<br />
Small Enterprise Finance Agency: www.sefa.org.za<br />
SMME Opportunity Roadshow: www.smmesa.co.za<br />
The Industrial Development<br />
Corporation (IDC) is a strong<br />
supporter of SMMEs either by<br />
disbursing loans or by taking<br />
minority shares in enterprises<br />
and giving advice. The Masisizane<br />
Fund offers loan financing at good<br />
rates and training through its<br />
<strong>Business</strong> Accelerator programme.<br />
As a non-profit initiative of the Old<br />
Mutual Group, the fund focusses<br />
on the cash flow of potential<br />
businesses rather than insisting<br />
on security in the form of property<br />
or something similar.<br />
All the major banks have<br />
SMME offerings. Standard Bank’s<br />
Community Investment Fund<br />
(CIF) initiative extends loans to<br />
informal businesses. The CIF has<br />
distributed more than R7-million<br />
to more than 630 businesses<br />
through its six funds in three<br />
provinces.<br />
Nedbank has an enterprisedevelopment<br />
product that<br />
supports businesses with a<br />
turnover up to R35-million with<br />
at least 25% black ownership.<br />
The Shanduka Black Umbrellas<br />
incubator helps entrepreneurs<br />
convert their good ideas to<br />
sustainable business practice.<br />
The Afrikaansehandelsinstituut<br />
(AHI) has rebranded as the Small<br />
<strong>Business</strong> Institute. Representing<br />
over a hundred chambers, the<br />
SBI is a member of <strong>Business</strong> Unity<br />
South Africa.<br />
The National Small <strong>Business</strong><br />
Chamber (NSBC) has a base of<br />
over 125 000 SMEs and 50 big<br />
brands as partners. A memberbased<br />
organisation that offers<br />
benefits, the NSBC runs surveys<br />
and hosts expos, networking<br />
events and awards functions.<br />
103 WESTERN CAPE BUSINESS <strong>2019</strong>
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