Western Cape Business 2022

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OVERVIEW Banking and financial services Cape Town has a stock exchange again. SECTOR INSIGHT Stockbrokers can stay in the Stock Exchange Hotel. Cape Town last had a stock exchange when the Anglo-Boer War chased financiers out of Johannesburg. This time, the owners of the 4AX stock exchange have willingly chosen Cape Town for its growing reputation as a home for tech startups and its traditional strength as the home of big asset management firms. Remarkably, the exchange has set up in The Woodstock Exchange directly opposite the Stock Exchange Hotel. Lebashe Investment Group owns 45% of the company. The choice to rebrand as Cape Town Stock Exchange also serves to set it apart from competitors such as A2X and ZAR X. Equity Express Securities Exchange is the other new exchange which has appeared on the South African financial landscape since 2017. The Western Cape’s evolution into a technology hub is also persuading banks, insurance providers, asset managers and venture capitalists to choose to relocate. There are more than 40 000 jobs in the technology sector (more than double the total of Nairobi and Lagos combined, Wesgro) and formal employment in the financial sector exceeds 50 000. Together with business services, the financial sector comprises the biggest contributor to the provincial economy. According to Wesgro, 75% of the venture capital deals that happen in South Africa originate in the Western Cape. Most financial firms based in Cape Town have a long history, some going back as far as 1845 when Old Mutual started. One of the most successful disruptors in recent times has been Stellenbosch-based Capitec Bank, which is steadily increasing its ONLINE RESOURCES Credit: The Woodstock Exchange Financial Sector Conduct Authority: www.fsca.co.za Insurance Institute of South Africa: www.iisa.co.za South African Institute of Chartered Accountants: www.saica.co.za customer base by providing banking for business and individual customers in what it describes as a simple manner. Discovery Bank officially launched in March 2019 and is experiencing rapid growth with deposits of R3.7-billion. Discovery Bank is applying the behavioural model it uses in its health business to reward good financial behaviour. The African Institute of Financial Markets and Risk Management (AIFMRM) aims to meet the demands for skills by developing local talent. It is supported by the Western Cape Provincial Government, the University of Cape Town, Barclays Africa Group, FirstRand and Liberty. The head offices of financial firms are dotted all over Cape Town. These include Old Mutual and Foord (Pinelands), Futuregrowth and Coronation (Newlands), Prudential (Claremont), Sygnia (Green Point), Sanlam (Bellville) and Allan Gray (Waterfront). PSG has its headquarters in Stellenbosch and is well represented in rural towns. Insurers such as Santam and Metropolitan Life are based in Bellville. Nomura, a Japanese financial holding company, has a presence in the Cape through Nomura South Africa which offers investment banking services. ■ GAUTENG BUSINESS 2020/21 44
Bank on Standard Bank Trade to grow your business Building a secure and trusted environment for trade and traders. Cameron Venti on Unsplash Trade is a key cornerstone of economic growth and prosperity. The revitalisation of trade, both locally and internationally, will be integral to South Africa’s economic recovery from Covid-19. Trade allows for the flow of cash in our economy and as a result helps to drive economic prosperity, job creation and long-term stability. With Trade by Standard Bank, we aim to be a partner in your growth journey and can help create a secure and trusted environment for you to trade. This includes the following: • Introductions to new vetted potential buyers – locally and around the globe. • Assistance with diversifying your supplier base and products through access to new international, vetted suppliers. • The provision of working capital finance. • Mitigation of risks of non-delivery and non-payments from customers and foreign currency fluctuations. • A single point of contact to assist in all your importing needs, including all-in costing, logistics facilitation, product track-and-trace services, payments, foreign exchange covers and customs clearing. Banks play a critical role in helping small and medium businesses trade either their services or goods, both in the local and international markets. The importance of digital transformation in trade, as in most other sectors, cannot be overstated. It creates efficiencies and breaks down barriers to entry – linking suppliers and customers all over the world and allowing for the creation of new supply chains. It is through digitisation and the growth enablement it allows, that has led Standard Bank trade to devise new and differentiated solutions for customers: Trade Club There are two big environments where technology can help businesses: access to information and access to funding. It also increases the efficiency and the speed with which you can gain this access. Often the biggest inhibitor of trade is the ability to find trusted and vetted counterparts to trade with. Trade Finance Standard Bank’s Trade Finance allows you to expand and mitigate risks that could stand in your way. This service will help to maximise your profit by bolstering your cash flow, collecting outstanding payments and strengthening your working capital cycle. Trade Suite Local regulations and compliance issues can be inhibitors to trade. Clients are often unaware of the complexities of the movement of goods, including engaging with shipping lines and harbour officials on the import and export process. These solutions allow Standard Bank to play a vital strategic role in our clients’ sustainable business growth – both locally and internationally. We are able to leverage this position and knowledge of our clients’ businesses and local markets to give them the bespoke advice they need ■
Page 1 and 2: WESTERN CAPE BUSINESS THE GUIDE TO
Page 3 and 4: to meet your needs and enhance your
Page 5 and 6: Join now - it’s Where Opportunity
Page 7 and 8: Western Cape Business A unique guid
Page 9 and 10: Cape Town’s share of national emp
Page 12 and 13: INTERVIEW The perfect destination f
Page 14 and 15: Green technology manufacturers welc
Page 16 and 17: FOCUS Harnessing the green economy
Page 18 and 19: MESSAGE Innovation is the competiti
Page 20 and 21: SPECIAL FEATURE Bio-pharmaceutical
Page 25 and 26: KEY SECTORS Overviews of the main e
Page 27 and 28: The future of smart farming in Sout
Page 29 and 30: OVERVIEW was done by the semi-subme
Page 31 and 32: GDP as well as employment. Of all p
Page 33 and 34: you will gain trust if you remove t
Page 35 and 36: What are their main fields of work?
Page 37 and 38: OVERVIEW Energy supplied and instal
Page 39 and 40: Construction and property An afford
Page 41 and 42: FOCUS Save our Beach Huts A campaig
Page 43 and 44: OVERVIEW will work in an interdisci
Page 45: College system in delivering occupa
Page 49 and 50: OVERVIEW Business Process Outsourci
Page 51 and 52: SA wine industry set to rebuild and

Western Cape Business 2022

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