Western Cape Business 2024

The 2024 edition of Western Cape Business is the 17th 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. The Western Cape has several investment and business opportunities. In addition to the regular articles providing insight into each of the key economic sectors of the province, a special feature focuses on the meetings, incentives, conferences and exhibitions (MICE) sector in the Western Cape.

The 2024 edition of Western Cape Business is the 17th 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.

The Western Cape has several investment and business opportunities. In addition to the regular articles providing insight into each of the key economic sectors of the province, a special feature focuses on the meetings, incentives, conferences and exhibitions (MICE) sector in the Western Cape.


Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.





<strong>2024</strong> EDITION<br />



Promoting business competitiveness and<br />

strengthening public-private dialogue<br />

The <strong>Cape</strong> Chamber of Commerce and Industry supports and connects members.<br />

The 2023 AGM re-elected Jacques Moolman and Derryn Brigg<br />

as President and Deputy President of the <strong>Cape</strong> Chamber of<br />

Commerce and Industry for a fourth consecutive year.<br />

The <strong>Cape</strong> Chamber of Commerce and<br />

Industry, Africa’s oldest member-based<br />

business chamber, was established in<br />

1804. For over two centuries we have<br />

been a catalyst for economic growth, helping to<br />

establish our region as one of Sub-Saharan Africa’s<br />

major centres of trade, industry and innovation.<br />

Our key mandate is to support our<br />

members’ interests by improving the overall<br />

business environment, with a specific focus on<br />

sustainable growth.<br />

We survey our members and canvass opinion<br />

to identify ongoing business challenges and<br />

key impediments to growth. We then engage<br />

government departments, sector representatives<br />

and other relevant institutions to resolve<br />

challenges via public-private dialogue.<br />

We advocate a proactive and constructive<br />

approach, facilitating discussion at a range of<br />

events such as skills-training workshops, seminars,<br />

webinars, business networking and informal social<br />

occasions. Through dialogue we aim to achieve<br />

consensus wherever possible.<br />

By strengthening public-private dialogue we<br />

promote business competitiveness that steers us<br />

towards a smarter network economy.<br />

Collective action<br />

We mobilise all economic stakeholders – private<br />

sector, business organisations, local government<br />

and national government – to collectively address<br />

current challenges. Where necessary, we intervene<br />

directly with key government decision-makers,<br />

or participate in task teams set up in response to<br />

specific challenges.<br />

In our engagements we always encourage<br />

dialogue between our members in the belief that<br />

the business sector is best served by robust debate<br />

regarding the issues affecting business life. In<br />

this way we seek to improve the overall business<br />

environment.<br />

Our mandate includes gathering and<br />

disseminating information relevant to business<br />

activity. In addition to our live events, we provide a<br />

digital platform where members can interact and<br />

share skills and services. Our website posts, regular<br />

newsletters and social-media videos keep members<br />

informed about both internal and external affairs.<br />

Our dedicated media team leads campaigns<br />

and generates content around the most pressing<br />

challenges of the day.<br />

Chamber staff also assist with a wide range<br />

of business enquiries regarding both local<br />

issues and international trade and investment.<br />

We supply advice and background information<br />

wherever possible or direct queries to relevant<br />

partner organisations.<br />

Our International Trade desk is the first point<br />

of contact for international business, and we<br />

arrange opportunities for collaboration and<br />

networking, giving our members visibility and<br />

access to global markets.<br />

The <strong>Cape</strong> Chamber connects its members<br />

to a Network of Networks made up of multiple<br />

economic sector organisations united under<br />

the banner of regional economic growth.<br />

Furthermore, our organisation is an active<br />

member of the Association of South African<br />

Chambers which provides a unified business<br />

voice wherever necessary.<br />


www.capechamber.co.za<br />

We are immensely proud of our 220 year history as the voice of organised business in the<br />

<strong>Western</strong> <strong>Cape</strong>. The <strong>Cape</strong> Chamber of Commerce and Industry champions<br />

the needs of business in pursuit of sustainable economic development.<br />

Through active engagement with all regional economic stakeholders we gauge the pulse of local<br />

business activity and respond accordingly in order to effect meaningful change.<br />

In particular we facilitate connection in exports, targeted imports and investments in order to<br />

unlock new opportunities for our members - both locally and internationally. Through our vast<br />

network of dynamic partnerships we give our members, both large and small, visibility and<br />

traction.<br />

By promoting sustainable growth we create an enabling environment for business to thrive,<br />

thereby enhancing economic prosperity.<br />

We have a targeted focus on:<br />

• enterprise development and capacity building<br />

• clustering and sectoral development<br />

• precinct development and geographic spread<br />

• competitiveness and value chains<br />

• advocacy to advance the needs of our members<br />

We initiate partnerships with like-minded organisations, spearhead public-private<br />

dialogue processes, and identify pain points in the enabling environment. We also mobilise<br />

all stakeholders on behalf of our members to steer the <strong>Western</strong> <strong>Cape</strong> towards a smarter network<br />

economy.<br />

Join us to shape a better future.<br />



<strong>Western</strong> <strong>Cape</strong> <strong>Business</strong> <strong>2024</strong> Edition<br />

Introduction<br />

Foreword 3<br />

The <strong>Western</strong> <strong>Cape</strong>’s guide to business and investment.<br />

Special features<br />

A regional overview of the <strong>Western</strong> <strong>Cape</strong> 4<br />

Tourism and the film sector are bouncing back and oil and gas<br />

exploration on and off the West Coast is taking off. Where South<br />

Africa faces its toughest challenges in energy, transport and housing<br />

the <strong>Western</strong> <strong>Cape</strong> is stepping up with practical solutions.<br />

The better future we want to build 8<br />

In providing an overview of the <strong>Western</strong> <strong>Cape</strong>’s new Growth for Jobs<br />

Strategy, Minister for Finance and Economic Opportunities, Mireille<br />

Wenger, challenges businesses and citizens of the province to have<br />

the courage to adapt, reform and make the right choices.<br />

<strong>Business</strong> tourism is booming 10<br />

The <strong>Western</strong> <strong>Cape</strong> is cementing its place in the top rank of business<br />

tourism destinations.<br />

International Public Art Festival<br />

comes to <strong>Cape</strong> Town 37<br />

The city became an open-air gallery for the eighth edition of<br />

a global showcase.<br />

Economic sectors<br />

Agriculture 18<br />

Port logistics are hampering exports.<br />

Grapes and wine 20<br />

Getting grapes on ships is proving difficult.<br />

Mining 22<br />

West Coast mining and prospecting is booming.<br />

Oil and gas 24<br />

Exploration is accelerating.<br />

Energy 26<br />

Worcester has a Battery Energy Storage System.<br />

Manufacturing 32<br />

“Made in the <strong>Cape</strong>” is a new brand.<br />

Construction and property 33<br />

<strong>Cape</strong> Town Station has been transformed.<br />

Transport 34<br />

<strong>Cape</strong> Town is more connected than ever before.<br />

Tourism 36<br />

Airport and cruise liners set records.<br />

Education 38<br />

Climate change is trending in academic circles.<br />

SMME and development finance 42<br />

Access to funding is being prioritised.<br />

Banking and financial services 43<br />

Acquisitions accelerate in financial sector.<br />

References<br />

Key sector contents 16<br />

Overviews of the main economic<br />

sectors of the <strong>Western</strong> <strong>Cape</strong>.<br />

Index 44<br />






<strong>2024</strong> EDITION<br />



Top left, then clockwise<br />

to centre; wine vista near<br />

Wellington, Visit Winelands;<br />

public transport, MyCiTi;<br />

Nelson Mandela statue,<br />

City Hall, City of <strong>Cape</strong> Town;<br />

<strong>Cape</strong> Town International<br />

Convention Centre celebrated<br />

20 years in 2023, CTICC;<br />

wind power in the Karoo,<br />

Roggeveld Wind Farm;<br />

downtown <strong>Cape</strong> Town, CCID;<br />

beach huts at Muizenberg, A<br />

Gorman Photography/Beach<br />

Hut Trust.

<strong>Western</strong> <strong>Cape</strong> <strong>Business</strong><br />

A unique guide to business and investment in the <strong>Western</strong> <strong>Cape</strong>.<br />

Credits<br />

Publishing director:<br />

Chris Whales<br />

Editor: John Young<br />

Managing director: Clive During<br />

Online editor: Christoff Scholtz<br />

Designer: Tyra Martin<br />

Production: Sharon Angus-Leppan<br />

Ad sales:<br />

Gavin van der Merwe<br />

Sam Oliver<br />

Shiko Diala<br />

Gabriel Venter<br />

Venesia Fowler<br />

Tennyson Naidoo<br />

Vanessa Wallace<br />

Graeme February<br />

Administration & accounts:<br />

Charlene Steynberg<br />

Kathy Wootton<br />

Distribution and circulation<br />

manager: Edward MacDonald<br />

Printing: FA Print<br />

The <strong>2024</strong> edition of <strong>Western</strong> <strong>Cape</strong> <strong>Business</strong> is the 17th issue of this<br />

highly successful publication that, since its launch in 2005, has<br />

established itself as the premier business and investment guide<br />

for the <strong>Western</strong> <strong>Cape</strong>.<br />

The <strong>Western</strong> <strong>Cape</strong> has several investment and business opportunities. In<br />

addition to the regular articles providing insight into each of the key economic<br />

sectors of the province, a special feature focuses on the meetings, incentives,<br />

conferences and exhibitions (MICE) sector in the <strong>Western</strong> <strong>Cape</strong>. The <strong>Cape</strong> Town<br />

International Convention Centre celebrated its 20th year of operation in 2023 and<br />

is now a complex comprising two large and adaptable facilities. Jointly owned<br />

by SunWest International, the City of <strong>Cape</strong> Town and the Provincial Government<br />

of the <strong>Western</strong> <strong>Cape</strong>, the venue has become a popular destination for all-Africa<br />

conferences such as the Investing in African Mining Indaba, which in 2023<br />

attracted nearly 10 000 delegates from more than 100 countries. The two public<br />

entities jointly hold 94.9% of the shareholding of the company that runs the CTICC.<br />

Many other towns in the <strong>Western</strong> <strong>Cape</strong> such as Stellenbosch have conference<br />

facilities, whether they are in dedicated facilities or attached to hotels or resorts.<br />

To complement the extensive local, national and international distribution<br />

of the print edition, the ebook edition can also be viewed online at www.<br />

westerncapebusiness.co.za. Updated information on the <strong>Western</strong> <strong>Cape</strong> is also<br />

available through our monthly e-newsletter, which you can subscribe to online at<br />

www.gan.co.za, in addition to our complementary business-to-business titles that<br />

cover all nine provinces as well as our flagship South African <strong>Business</strong> title and the<br />

new addition to our list of publications, The Journal of African <strong>Business</strong>, which was<br />

launched in 2020. ■<br />

Chris Whales<br />

Publisher, Global Africa Network Media | Email: chris@gan.co.za<br />



<strong>Western</strong> <strong>Cape</strong> <strong>Business</strong> is distributed internationally on outgoing<br />

and incoming trade missions, through trade and investment<br />

agencies; to foreign offices in South Africa’s main trading<br />

partners around the world; at top national and international<br />

events; through the offices of foreign representatives in<br />

South Africa; as well as nationally and regionally via chambers<br />

of commerce, tourism offices, airport lounges, provincial<br />

government departments, municipalities and companies.<br />

Member of the Audit Bureau<br />

of Circulations<br />

COPYRIGHT | <strong>Western</strong> <strong>Cape</strong> <strong>Business</strong> is an independent publication<br />

published by Global Africa Network Media (Pty) Ltd. Full copyright to<br />

the publication vests with Global Africa Network Media (Pty) Ltd. No<br />

part of the publication may be reproduced in any form without the<br />

written permission of Global Africa Network Media (Pty) Ltd.<br />

PHOTO CREDITS | Airspace-africa.com; Boogertman + Partners; <strong>Cape</strong><br />

Town International Convention Centre (CTICC); Craft Design Institute<br />

(CDI); DCI Community Housing Services; Design Lab; Eskom; Future-<br />

Ed; HORTGRO; Kropz; PASA; SAIAMC; SAOGA; Sky Pixels/Wikimedia<br />

Commons; TNPA; Vinpro; Ryan Warneke/CCID; Yacht Club; John Young.<br />


Global Africa Network Media (Pty) Ltd<br />

Company Registration No: 2004/004982/07<br />

Directors: Clive During, Chris Whales<br />

Physical address: 28 Main Road, Rondebosch 7700<br />

Postal address: PO Box 292, Newlands 7701<br />

Tel: +27 21 657 6200 | Fax: +27 21 674 6943<br />

Email: info@gan.co.za | Website: www.gan.co.za<br />

ISSN 1816 370X<br />

DISCLAIMER | While the publisher, Global Africa Network Media (Pty)<br />

Ltd, has used all reasonable efforts to ensure that the information<br />

contained in <strong>Western</strong> <strong>Cape</strong> <strong>Business</strong> is accurate and up-to-date, the<br />

publishers make no representations as to the accuracy, quality,<br />

timeliness, or completeness of the information. Global Africa Network<br />

will not accept responsibility for any loss or damage suffered as a<br />

result of the use of or any reliance placed on such information.<br />

3 WESTERN CAPE BUSINESS <strong>2024</strong>



In <strong>Cape</strong> Town, the rail reserve is being put to good use with the construction of affordable housing units.<br />

Tourism and the film sector are bouncing back and oil and gas exploration on and off<br />

the West Coast is taking off. Where South Africa faces its toughest challenges, in energy,<br />

transport and housing, the <strong>Western</strong> <strong>Cape</strong> is stepping up with practical solutions.<br />

By John Young<br />

In film, tourism and oil and gas the numbers are<br />

increasing. More film shoots, more tourists and<br />

more drilling for oil and gas are all positives for the<br />

balance sheet of the <strong>Western</strong> <strong>Cape</strong>. But when it<br />

comes to energy, transport and housing, the <strong>Western</strong><br />

<strong>Cape</strong> Provincial Government and its municipalities<br />

are having to make up for reduced supply: less<br />

electricity from the national grid, fewer trains<br />

running and not enough houses to make up for the<br />

continued movement of people to the province.<br />

Rather than sitting back and lamenting the<br />

situation, the provincial and municipal authorities are<br />

laying out and executing detailed plans to deal with<br />

fixing these important economic drivers.<br />

In providing affordable housing, for example, an<br />

innovation in land use is taking place in the <strong>Cape</strong> Town<br />

suburbs of Goodwood and Retreat. The rail reserve<br />

(unused land next to the line) has been leased from<br />

the Passenger Rail Agency of South Africa (PRASA)<br />

by a Section21 non-profit organisation called DCI<br />

Community Housing Services. The Goodwood Station<br />

Social Housing Development project was officially<br />

opened in 2023 and the organisation has partnerships<br />

with the City of <strong>Cape</strong> Town and the provincial<br />

government’s Department of Human Settlements. DCI<br />

provides rental housing accommodation for people<br />

who do not qualify for the breaking-new-ground<br />

subsidy (previously RDP) and are unable to participate<br />

in the formal non-subsidised housing market.<br />

The decline in passenger rail journeys in greater<br />

<strong>Cape</strong> Town has been marked in recent years. New<br />

rolling stock is being introduced and security is being<br />

promised, but the process is going slowly. The City of<br />

<strong>Cape</strong> Town’s 2022 feasibility study on taking over the<br />

management of passenger rail services from PRASA<br />

showed its intent. Persistent calls by the city’s mayor to<br />

WESTERN CAPE BUSINESS <strong>2024</strong><br />

4<br />

PHOTO: DCI Community Housing Services

meet on the future of the rail network in the peninsula<br />

have not yielded any success as of January <strong>2024</strong>,<br />

but increasing passenger rail journeys on a safe and<br />

reliable network remains a goal of the city.<br />

The city wants to have a fully-integrated system,<br />

which would include rail. The Transport and Urban<br />

Development Authority (TDA), located within the<br />

municipality, is responsible for planning, costing,<br />

contracting, regulating, monitoring, evaluating,<br />

communicating, managing and maintaining the<br />

City of <strong>Cape</strong> Town’s transport infrastructure, systems,<br />

operations, facilities and network.<br />

The provincial government has followed the city’s<br />

lead with the establishment of a Mobility Department<br />

with its own MEC which now monitors the province’s<br />

transport programmes such as financial support to<br />

bus and taxi services, the transport regulation mandate<br />

and extensive traffic management operations.<br />

<strong>Cape</strong> Town Mayor Geordin Hill-Lewis says, “We<br />

are actively working towards ending loadshedding<br />

as aggressively as we can.” A R1.2-billion solar PV<br />

(photovoltaic) plant is being built near Somerset<br />

West, small-scale embedded generation is being<br />

encouraged and a Power Heroes programme will<br />

reward citizens for using less electricity.<br />

At provincial level, a three-pronged strategy,<br />

the Energy Resilience Programme, aims to bring<br />

energy security to the province. Public spaces like<br />

schools will be fitted with solar panels and battery<br />

systems, several towns will be taken off the Eskom<br />

grid and finally, the Municipal Energy Resilience Plan<br />

is supporting councils in generating, procuring and<br />

selling power themselves.<br />

Good numbers<br />

The Film Permit Office of the City of <strong>Cape</strong> Town<br />

issued 3 900 film permits between July 2022 and July<br />

2023. Most of these were for commercials but also<br />

included 499 TV series and more than 100 feature<br />

films. A freeze was placed by the city authorities on<br />

fees payable for traffic and metro police services for<br />

three years in a row in an attempt to stimulate this<br />

sector, a move that appears to have paid off.<br />

Film location bookings rose to 8 300 in 2022/23, as<br />

opposed to 7 400 a year earlier. The <strong>Cape</strong> Town Central<br />

City Improvement District (CCID) reports that the<br />

city’s CBD supports 24 artistic studios, including film<br />

studios. The sector supports more than 35 000 jobs<br />

and contributes about R5-billion to the local economy.<br />

The Canal District at the V&A Waterfront is growing.<br />

The Yacht Club and AC Hotel by Marriott are adjacent<br />

tower blocks sited over office space, with the former<br />

offering private apartments. The aha Harbour Bridge<br />

Hotel & Suites is another property offering access to<br />

the <strong>Cape</strong> Town International Convention Centre.<br />

A record 317 000 overseas visitors visited the <strong>Cape</strong> in<br />

December 2023. <strong>Cape</strong> Town International Airport’s 2023<br />

number of international arrivals reached 2.8-million,<br />

topping the 2.6-million international passengers it<br />

welcomed in 2019. The Victoria & Alfred Waterfront<br />

recorded December retail sales of R1.2-billion, a 16%<br />

increase over 2022.<br />

Plans for a new airport for greater <strong>Cape</strong> Town moved<br />

forward in 2023. The existing Fisantekraal Airfield north of<br />

Durbanville was rebranded the <strong>Cape</strong> Winelands Airport in<br />

2020 by its new owners and there are plans for it be fully<br />

redeveloped with expanded facilities. This would not only<br />

help to relieve congestion at <strong>Cape</strong> Town International<br />

Airport in terms of cargo and tourism arrivals but would<br />

provide a much closer destination alternate for inbound<br />

flights which currently have to carry enough fuel to get<br />

their planes to George if there for some reason they are<br />

not able to land at CTIA.<br />

An increasing number of oil and gas exploration<br />

permits have been granted both onshore and<br />

offshore along the West Coast. While this has disturbed<br />

conservationists, the results from surveys done in Block<br />

5/6/7 suggest that the oil available in South African waters<br />

will at least match the significant resources that have<br />

been found in Namibian territory offshore.<br />

In his 2022 State of the Province Address, Premier Alan<br />

Winde claimed that <strong>Cape</strong> Town is:<br />

• Africa’s greentech hub<br />

• Africa’s BPO capital<br />

• Africa’s tech capital<br />

PHOTO: Yacht Club<br />

5 WESTERN CAPE BUSINESS <strong>2024</strong>


Nearly 4 000 filming permits were issued for <strong>Cape</strong> Town<br />

in the year to July 2023.<br />

In addition, he quoted the Global Startup<br />

Ecosystem Report 2021, where <strong>Cape</strong> Town is listed as<br />

the number one performer in Africa for technology<br />

ecosystems and is home to almost two-thirds of all<br />

start-ups in South Africa.<br />

There are 22 active incubators and accelerators in<br />

the region which provide networking and marketing<br />

opportunities and links to funders and markets. It<br />

is because the <strong>Western</strong> <strong>Cape</strong> has been investing in<br />

digital infrastructure that the Premier can persuasively<br />

make these claims.<br />

The provincial government’s broadband roll-out<br />

project is in Phase 2. The <strong>Western</strong> <strong>Cape</strong> Department<br />

of Health was the first in the country to go digital,<br />

including 265 primary healthcare centres and 181<br />

mobile posts.<br />

<strong>Cape</strong> Town also, according to the Global Financial<br />

Centres Index (GFCI), ranked second in Africa in 2020<br />

(behind Mauritius) in competitiveness as a financial<br />

centre. Neighbouring Stellenbosch is advancing<br />

its reputation for technological innovation and the<br />

output of the region’s four universities and six TVET<br />

colleges ensures that the tech sector has the necessary<br />

human capital.<br />

<strong>Cape</strong> Town’s share of national employment in the<br />

financial sector is about 20% and the contribution to<br />

gross value-added (GVA) is 15%.<br />

Economy<br />

Finance, business services and real estate combined<br />

contribute 28% to the gross domestic product (GDP)<br />

of the <strong>Western</strong> <strong>Cape</strong>. The financial services and<br />

insurance sector are key components of the economy.<br />

Although agriculture accounts for just 4.3% of GDP<br />

on its own, the sector is responsible for the fruit and<br />

vegetables that contribute to agro-processing which<br />

accounts for nearly 40% of the province’s export<br />

basket. (Agro-processing accounts for 8.1% of GDP.)<br />

Citrus, wine, apples and pears, grapes, fruit juice, fruit<br />

and nuts and tobacco all appear in the top 10 of the<br />

province’s exports.<br />

Seventy percent of South Africa’s beverage exports<br />

come from the <strong>Western</strong> <strong>Cape</strong>. Grapes and wine sales<br />

to Europe remain strong, but the Chinese market is<br />

becoming increasingly important.<br />

The province has a diverse manufacturing sector<br />

ranging from textiles, clothing, footwear, boatbuilding<br />

and furniture to coke and refined petroleum products.<br />

Excluding agro-processing, other manufacturing<br />

makes up 6.9% of GDP.<br />

Investment<br />

The province has a dedicated investment agency,<br />

Wesgro, which also works to promote the region’s<br />

tourism. The Investment Promotion Unit of Wesgro is<br />

working with various regions within the <strong>Western</strong> <strong>Cape</strong><br />

to attract investment and accelerate exports.<br />

In recent years, the biggest investments have<br />

been in renewable energy and manufacturing.<br />

Between 2003 and 2021, the <strong>Western</strong> <strong>Cape</strong> attracted<br />

$1.93-billion in renewable energy projects.<br />

Other important sectors are agro-processing,<br />

aviation, business services, education and training,<br />

financial services, real estate, ICT, light manufacturing,<br />

oil and gas, timber, tourism, waste beneficiation and<br />

clean energy.<br />

Another vehicle for attracting investment<br />

are Special Economic Zones (SEZ) and Industrial<br />

Development Zones (IDZ). Zones at Atlantis and<br />

Saldanha aim to tap into growing markets – maritime,<br />

oil and gas and renewable technologies.<br />

The Atlantis Special Economic Zone (ASEZ) is<br />

attracting investors in the greentech market. An early<br />

investor in the zone was GRI Towers South Africa, a<br />

wind turbine tower manufacturer. ■<br />

WESTERN CAPE BUSINESS <strong>2024</strong><br />

6<br />


10034854<br />

Commercial Banking<br />

Make Nedbank<br />

Manufacturing<br />

your next big move.<br />

If you are looking for an industry leader who understands<br />

the sector, then partner with a bank that sees the bigger<br />

picture. We have designed a bespoke offering that will<br />

support your manufacturing business needs, and our<br />

dedicated team has the knowledge and expertise to help<br />

your business grow.<br />

So, why not partner with Nedbank Manufacturing?<br />

Think bigger.<br />

Think Nedbank Commercial Banking.<br />

For more information about our<br />

bespoke offering, scan the QR code<br />

or e-mail us at manufacturing@nedbank.co.za.<br />

Nedbank Ltd Reg No 1951/000009/06. Licensed financial services and registered credit provider (NCRCP16). T&Cs apply.


The better future we want to build<br />

In providing an overview of the <strong>Western</strong> <strong>Cape</strong>’s new Growth for Jobs<br />

Strategy, Minister for Finance and Economic Opportunities, Mireille<br />

Wenger, challenges businesses and citizens of the province to have the<br />

courage to adapt, reform and make the right choices.<br />

Mireille Wenger, Minister for Finance and<br />

Economic Opportunities<br />

If you are reading this now, I would like you to<br />

close your eyes and picture where you will be<br />

in 2035.<br />

What state will our country and province be in?<br />

What will be happening in our economy? Will we<br />

have enough jobs for future generations? Will there<br />

be hope? I am sure this exercise will cause you some<br />

anxiety, given the challenging times we face today…<br />

Now imagine a 2035 where our economy is<br />

growing at between 4% and 6%. Where we are<br />

creating hundreds of thousands of new jobs, lifting<br />

people out of poverty. Where businesses, big, small<br />

and informal have the energy, water, infrastructure,<br />

skills and technology to grow and succeed. Where<br />

a child, no matter where they are born, has the<br />

pathway to a better life.<br />

I am sure what you are now feeling is hope. The<br />

sort of contagious hope that cannot be contained.<br />

This is the future we want for the <strong>Western</strong> <strong>Cape</strong><br />

and for South Africa. This is the better future we<br />

want to build.<br />

During this time of difficulty for our country,<br />

with stagnant growth, devastating loadshedding,<br />

the real prospect of recession and high levels of<br />

unemployment and despair, the question can be<br />

fairly asked: is it realistic for the <strong>Western</strong> <strong>Cape</strong> to be<br />

setting out so audaciously to achieve 4% to 6% of<br />

break-out economic growth?<br />

The real question, I believe, is rather why South<br />

Africa is not already achieving this growth? We have<br />

everything we need to succeed as a country if we<br />

just get the fundamentals of growth right. What is<br />

clear to me is that we will never achieve it if we are<br />

limited in our ambition, constrained by the wrong<br />

policies and lack the courage to adapt, reform and<br />

make the right choices.<br />

Vision and action<br />

Change requires a vision and action towards it – so,<br />

yes, we can realise a better future for our country,<br />

and we must work toward it with determination.<br />

The Growth for Jobs Strategy is the <strong>Western</strong> <strong>Cape</strong>’s<br />

bold step towards realising this better future. We know<br />

what the <strong>Western</strong> <strong>Cape</strong> and South Africa are capable<br />

of if we enable the private sector’s success.<br />

And so, this Strategy provides a courageous<br />

vision for our province, with clear targets for<br />

WESTERN CAPE BUSINESS <strong>2024</strong><br />



each key focus area that our economy needs to<br />

succeed. To be clear, this is not just a vision for our<br />

government. The targets are not ours alone. They<br />

are yours too: business, big and small, civil society,<br />

entrepreneurs and every citizen in our province.<br />

This is what we can achieve if we work together<br />

and make the right choices, now, today.<br />

I am reminded of President Nelson Mandela’s<br />

wise words, which continue to hold so much<br />

truth today: “It seems impossible until it is done.”<br />

Let’s get it done, so that a prosperous<br />

<strong>Western</strong> <strong>Cape</strong> is not something in our<br />

imagination, but a new, real era of hope,<br />

opportunity and freedom. ■<br />

The <strong>Western</strong> <strong>Cape</strong> Growth for Jobs Strategy<br />

Like the rest of South Africa, the <strong>Western</strong> <strong>Cape</strong> faces a range<br />

of deep, interconnected, socio-economic challenges that<br />

include unemployment, poverty and crime. While there is no<br />

panacea for these challenges, which have deep roots in the<br />

country’s history and social structure, there is also no prospect<br />

of addressing any of them without faster economic growth.<br />

Economic growth is essential to generating rapid and<br />

sustained job creation, faster growth in living standards and<br />

increased resources available to society.<br />

The <strong>Western</strong> <strong>Cape</strong> Government identified the need for a<br />

strategy to lift dramatically the provincial growth rate and, to<br />

the extent that growth continues to falter in South Africa, to<br />

decouple the province’s growth trajectory from that of the<br />

rest of the country.<br />

Therefore, this Growth for Jobs Strategy sets out a<br />

comprehensive, challenging and ambitious goal for the <strong>Western</strong><br />

<strong>Cape</strong> to grow its economy by between 4% and 6% by 2035.<br />

It is also a strategy that clarifies that how we grow our<br />

economy is as important as the growth itself. In this way, the<br />

Growth for Jobs Strategy distinguishes itself from previous<br />

strategies, by providing a long-term perspective with clear<br />

targets, framed within defined principles. It is centred on<br />

systemic solutions that address key binding constraints<br />

and an enabling environment for the private sector that<br />

accelerates our economic growth.<br />

The formulation of the Growth for Jobs Strategy has<br />

been data-driven, evidence-led and has involved extensive<br />

consultation across government, with stakeholders from the<br />

private and public sectors, and representatives from across<br />

civil society and academia.<br />

At its heart, the Growth for Jobs Strategy is premised on<br />

a recognition that the private sector creates jobs, while the<br />

State needs to create an environment in which people and<br />

businesses are enabled to create and exploit opportunities<br />

as they arise. This kind of horizontal enablement empowers<br />

citizens and fosters independence, freedom and self-reliance.<br />

To give effect to this approach, the Growth for Jobs Strategy<br />

has several important anchors:<br />

• Clear principles set out in a strategic framework that have<br />

guided thinking and decisions.<br />

• Crucial priority focus areas (PFAs), namely driving growth<br />

through investment, stimulating market growth through<br />

exports and growing domestic markets, enhancing energy<br />

resilience and driving the transition to net zero carbon, driving<br />

water security and resilience, technology and innovation,<br />

infrastructure and the connected economy, improving access<br />

to economic opportunities and employability. These<br />

PFAs shape decisions around the nature of the interventions<br />

needed to maximise impact.<br />

Finally, the Growth for Jobs Strategy is a whole-of-government,<br />

all-of-society strategy whose success requires the energy,<br />

commitment and allocation of resources from across<br />

government, the private sector and civil society.<br />

The Growth for Jobs Strategy is the <strong>Western</strong> <strong>Cape</strong>’s bold step<br />

towards realising this better future. Be a part of our journey!<br />

PHOTO: Made in <strong>Cape</strong> Town, CDI


<strong>Business</strong> tourism is booming<br />

The <strong>Western</strong> <strong>Cape</strong> is cementing its place in the top rank of<br />

business tourism destinations.<br />

A skybridge connects the CTICC’s two venues on<br />

the Foreshore.<br />

Many parts of the <strong>Western</strong> <strong>Cape</strong>, and the<br />

city of <strong>Cape</strong> Town in particular, have<br />

the ideal combination of conference<br />

and exhibition infrastructure,<br />

adequate accommodation and unique settings to<br />

succeed in the meetings, incentives, Convention<br />

and exhibitions (MICE) sector.<br />

The 30th edition of the Investing in African<br />

Mining Indaba in February <strong>2024</strong> showcased the<br />

ability of the <strong>Cape</strong> Town International Convention<br />

Centre (CTICC) to host large events. With about<br />

10 000 delegates from more than 100 countries,<br />

hundreds of stands and a cornucopia of talks,<br />

events and presentations, the conference was a<br />

logistical marvel with the Hyve Group seemingly<br />

handling the increased numbers with ease.<br />

The CTICC itself celebrated its 20th anniversary<br />

in 2023 with a near doubling of revenue over the<br />

previous year.<br />

At the other end of the scale, wine farms such<br />

as Steenberg offer intimate meeting rooms in a<br />

pretty setting. With its own golf course, Steenberg<br />

nicely illustrates the concept of Bleisure, the idea<br />

of combining business with leisure.<br />

<strong>Business</strong> tourists routinely spend at least<br />

twice as much money during the course of<br />

their trips as regular tourists, so the market is<br />

an attractive one. The <strong>Cape</strong> Town and <strong>Western</strong><br />

<strong>Cape</strong> Convention Bureau, a division of Wesgro,<br />

is devoted to attracting conferences and events<br />

to the province. Wesgro is the tourism, trade and<br />

investment promotion agency for <strong>Cape</strong> Town and<br />

the <strong>Western</strong> <strong>Cape</strong>.<br />

<strong>Cape</strong> Town has routinely been ranked as the<br />

top African city in terms of hosting international<br />

association meetings. The subject matter of<br />

these conferences has tended to be centred on<br />

the medical sciences, technology, economics<br />

and education.<br />

Events<br />

The 46th riding of the <strong>Cape</strong> Town Cycle Tour in<br />

<strong>2024</strong> expected to attract about 35 000 cyclists,<br />

confirming the event’s reputation as the biggest<br />

timed bike race in the world.<br />

International indoor sporting action came to <strong>Cape</strong><br />

Town in 2023.<br />

WESTERN CAPE BUSINESS <strong>2024</strong><br />

10<br />



The Knysna Oyster Fest, which was held in the<br />

Southern <strong>Cape</strong> town for the 40th time in 2023,<br />

attracts huge numbers of cyclists, marathon runners<br />

and oyster eaters every year.<br />

The <strong>Cape</strong> Town International Jazz Festival<br />

became a mega-event over time, earning a solid<br />

reputation for musical excellence and excellent<br />

attendances. Suspended during the Covid<br />

epidemic, it was due to return to the events<br />

calendar in <strong>2024</strong> but details are still to be confirmed.<br />

South Africa Sevens is an annual rugby sevens<br />

tournament that has become a popular part of the<br />

roster of events held at the <strong>Cape</strong> Town Stadium. The<br />

tournament is part of the HSBC World Rugby Sevens<br />

Series run by World Rugby.<br />

The country’s premier Afrikaans language<br />

festival, the Klein Karoo Nasionale Kunstefees<br />

(KKNK), presents more than 1 000 visual and<br />

performing artists in more than 200 productions<br />

and exhibitions over eight days in Oudtshoorn.<br />

CTICC celebrates 20 years<br />

When the capacity of the <strong>Cape</strong> Town International<br />

Convention Centre was doubled in 2017, there were<br />

some who wondered how the additional space<br />

would ever be used. Instead, the eastern extension,<br />

now known as CTICC-2, has been working just as<br />

hard as the original space that started operating in<br />

2003.<br />

The <strong>Cape</strong> Town International Convention Centre<br />

Company (Convenco), the holding company of the<br />

CTICC, was formed in 1999 by the City of <strong>Cape</strong><br />

Town, the provincial government of the <strong>Western</strong><br />

<strong>Cape</strong> and the business sector. Shareholding in<br />

Convenco, which owns and manages the business<br />

of the CTICC, is made up as follows: City of <strong>Cape</strong><br />

Town (72.7%), the Provincial Government of the<br />

<strong>Western</strong> <strong>Cape</strong> (22.2%) and SunWest International<br />

(Pty) Ltd (5.1%).<br />

In the 2023 financial year, the CTICC hosted 427<br />

events, up from 225 in the previous year, and nearly<br />

doubled revenue to R278-million. This returned the<br />

company to profit after the tough years brought on<br />

by Covid-19. In addition to a significant contribution<br />

of R5.4-billion to the <strong>Western</strong> <strong>Cape</strong>’s gross geographic<br />

product (GGP), the centre sustained or created nearly<br />

11 000 jobs nationally.<br />

Some 275 000 people attended events at<br />

the venue in the financial year, including more<br />

than 25 000 who came looking for design ideas<br />

at Decorex <strong>Cape</strong> Town and 12 000 techies who<br />

tuned in to the Africa Tech Festival.<br />

The CTICC was also the proud winner of the 2023<br />

Clean Audit Award, Municipal Finance Management Act.<br />

Among the big international conferences to<br />

be held at the CTICC in <strong>2024</strong> are the FIP World<br />

Conference of Pharmacy and Pharmaceutical<br />

Sciences and the Meeting of the International<br />

Society of Pneumonia and Pneumococcal Diseases<br />

(ISPPD-13). WTM Africa, “Africa Travel Week ”, will be<br />

at the CTICC in April <strong>2024</strong> and the 25th hosting of<br />

FIGO World Congress of Gynecology and Obstetrics<br />

will come to <strong>Cape</strong> Town in 2025.<br />

<strong>Cape</strong> Town highlights<br />

• Number one city in Africa for business events,<br />

International Congress and Convention<br />

Association, 2010 - 2022<br />

• World’s Leading Festival and Events Destination,<br />

World Travel Awards 2018<br />

• Best Destination in Africa, World Tourism<br />

Awards 2019<br />

Source: Wesgro<br />

CTICC: 20 years in numbers<br />

• 9 000 events<br />

• 700+ international events<br />

• 9.5-million visitors<br />

• R60-billion cumulative contribution to national GDP<br />

• R51.5-billion cumulative contribution to <strong>Western</strong> <strong>Cape</strong> GGP<br />

11 WESTERN CAPE BUSINESS <strong>2024</strong>


Steenberg offers intimate settings and luxury surroundings.<br />

Varied venues<br />

A short walk separates the Castle of Good Hope and<br />

the Zeitz Museum of Contemporary Art Africa (Zeitz<br />

MOCAA) in central <strong>Cape</strong> Town but the ambience of<br />

the two venues could not be more different. Both<br />

are available for hire for conferences, performances<br />

and exhibitions.<br />

The Castle oozes history and has no fewer than<br />

three museums within it walls, the Military Museum,<br />

the William Fehr Collection of paintings and<br />

decorative arts and a permanent ceramic exhibition,<br />

FIRED. The grassed quadrangle lends itself to events<br />

and cocktail parties.<br />

Zeitz MOCAA is the epitome of modernity and<br />

it promises an “otherworldly venue hire experience”.<br />

This promise is based on the repurposed buildings’<br />

“understated eccentric interior design and artwork<br />

that embody what modern Africa has to offer”.<br />

The atrium offers exceptional acoustics while the<br />

elegant Scheryn Collection Arena lends itself to<br />

panel discussions and conferences<br />

A few minutes away from the CBD along<br />

the N1 highway, the Century City Conference<br />

Centre (CCCC) can accommodate 1 900<br />

delegates across 20 different venues, 11<br />

meeting rooms and four halls. There are 540<br />

hotel rooms within walking distance.<br />

Visit Stellenbosch lists 34 conference venues on<br />

its website, ranging (in the theatre configuration)<br />

from the 600-seat Cavalli Estate to the Rupert<br />

Museum, which has room for 30 delegates. Almost<br />

all of the area’s wine farms and hotels are equipped<br />

to host conferences and Stellenbosch University<br />

has a large range of venues.<br />

George’s position at the heart of the Garden<br />

Route makes it a popular conference destination.<br />

The fact that the town has no fewer than five golf<br />

courses within the city limits and several more<br />

nearby adds to its appeal.<br />

The Fancourt complex has several venues and<br />

the Protea Hotel King George regularly attracts<br />

repeat customers. The Oubaai Hotel, Golf & Spa on<br />

the coast at Herolds Bay has few competitors when<br />

it comes to dramatic settings. ■<br />

WESTERN CAPE BUSINESS <strong>2024</strong><br />

12<br />

PHOTO: Steenberg Farm




| | 10 REASONS<br />


01.<br />


MARKET<br />

Growing middle class, affluent consumer<br />

base, excellent returns on investment.<br />

02.<br />



South Africa (SA) has the most industrialised economy in Africa.<br />

It is the region’s principal manufacturing hub and a leading<br />

services destination.<br />



SA is the location of choice of multinationals in Africa.<br />

03.<br />

Global corporates reap the benefits of doing business in<br />

SA, which has a supportive and growing ecosystem as a<br />

hub for innovation, technology and fintech.<br />

05.<br />





SA has a sophisticated banking sector with a major<br />

footprint in Africa. It is the continent’s financial hub,<br />

with the JSE being Africa’s largest stock exchange by<br />

market capitalisation.<br />

The African Continental Free Trade Area will boost<br />

intra-African trade and create a market of over one<br />

billion people and a combined gross domestic product<br />

(GDP) of USD2.2-trillion that will unlock industrial<br />

development. SA has several trade agreements in<br />

place as an export platform into global markets.<br />

07.<br />


09.<br />

SA has a number of world-class universities and colleges<br />

producing a skilled, talented and capable workforce. It<br />

boasts a diversified skills set, emerging talent, a large pool<br />

of prospective workers and government support for training<br />

and skills development.<br />

04.<br />

06.<br />

08.<br />





SA has a progressive Constitution and an independent judiciary. The<br />

country has a mature and accessible legal system, providing certainty<br />

and respect for the rule of law. It is ranked number one in Africa for the<br />

protection of investments and minority investors.<br />



SA is endowed with an abundance of natural resources. It is the leading producer<br />

of platinum-group metals (PGMs) globally. Numerous listed mining companies<br />

operate in SA, which also has world-renowned underground mining expertise.<br />




A massive governmental investment programme in infrastructure development<br />

has been under way for several years. SA has the largest air, ports and logistics<br />

networks in Africa, and is ranked number one in Africa in the World Bank’s<br />

Logistics Performance Index.<br />

10.<br />

SA offers a favourable cost of living, with a diversified cultural, cuisine and<br />

sports offering all year round and a world-renowned hospitality sector.<br />


OF LIFE<br />

Page | 2<br />

719<br />


Aim higher and connect more<br />

with Telkom Naledi packages.<br />

Elevate your team to new heights with exclusive Telkom Naledi<br />

packages that offer great office connectivity solutions and value.<br />

Book an appointment for the full presentation.<br />

Email us at RT15enquiries@telkom.co.za

Aim higher and connect more<br />

with Telkom Naledi packages.<br />

RT15<br />

Exclusive Offers<br />

Telkom Naledi Gold<br />

• Uncapped data<br />

• 20GB streaming data<br />

• Unlimited Closed-User Group<br />

Minutes (Telkom-to-Telkom<br />

calls including Telkom landline)<br />

• 200 Other-Network Minutes<br />

• Unlimited SMSs<br />

• SIM-only R350<br />

• Mobile service with mobile device<br />

Advantages<br />

Uncapped data with no FUP<br />

applied to the package. Data<br />

access will never be terminated<br />

or stopped. Includes WhatsApp.<br />

Telkom Naledi packages come<br />

with a dedicated streaming bundle<br />

for YouTube, Facebook, Facebook<br />

Messenger, Twitter, Instagram,<br />

LinkedIn and WhatsApp.<br />

Network-based CUG. Telkom is<br />

the only company that offers<br />

this converged voice-call solution<br />

across fixed and mobile numbers,<br />

which will result in significant<br />

voice-calling savings.<br />

Telkom Naledi Platinum<br />

• Uncapped data<br />

• 20GB streaming data<br />

• Unlimited Closed-User Group<br />

Minutes (Telkom-to-Telkom<br />

calls including Telkom landline)<br />

• 600 Other-Network Minutes<br />

• Unlimited SMSs<br />

• SIM-only R500<br />

• Mobile service with mobile device<br />

State users on Top-Up options<br />

can top up their all-net minutes<br />

at the discounted State OOB rate<br />

of R0.45 (36% discount).<br />

Full allocation of all package<br />

bundles and benefits even if<br />

a SIM is activated mid-month.<br />

No proration is applied – as<br />

we would do normally.<br />

Event billing and premium-rated<br />

events can be blocked at a SIM<br />

level, backed by the setting of a<br />

zero spend limit.<br />

Book an appointment for the full presentation.<br />

Email us at RT15enquiries@telkom.co.za


Overviews of the main economic<br />

sectors of the <strong>Western</strong> <strong>Cape</strong><br />

Agriculture 18<br />

Wine and grapes 20<br />

Mining 22<br />

Oil and gas 24<br />

Energy 26<br />

Manufacturing 32<br />

Construction and property 33<br />

Transport and logistics 34<br />

Tourism 36<br />

Education and training 38<br />

Development finance and SMME support 42<br />

Banking and financial services 43<br />

Record numbers of passengers passed through the <strong>Cape</strong> Town Cruise Terminal in the 2022/23 season. Twice as many cruise ships docked<br />

as the season before, 75, and 145 000 cruise-ship passengers contributed to the estimated R1.9-billion in foreign direct tourism spend that<br />

was injected into the <strong>Western</strong> <strong>Cape</strong> economy in December 2023 (Wesgro).<br />

PHOTO: Design Lab


Agriculture<br />

Port logistics are hampering exports.<br />


Citrus volumes reached a record<br />

165-million cartons in 2023.<br />

Despite producing record volumes of fruit, <strong>Western</strong> <strong>Cape</strong><br />

farmers are not able to export their product as fast as they<br />

want to because of problems at the Port of <strong>Cape</strong> Town.<br />

With some cranes having to stop working in high winds<br />

and a shortage of gantries to load and unload containers, turnaround<br />

times reached such low levels that fruit-farming associations<br />

threatened legal action against port operator Transnet.<br />

Wolfe Braude, manager of Agbiz’s Fruit Desk, told <strong>Business</strong> Day<br />

that the value of South Africa’s agricultural exports is higher than the<br />

country’s automotive exports and about double the value of iron ore,<br />

or iron and steel exports. National fruit exports are valued at about<br />

R72-billion and account for about 35% of total agriculture exports.<br />

The <strong>Western</strong> <strong>Cape</strong> in 2020 exported agricultural goods worth<br />

about R54-billion, making it the sixth-largest global exporter of such<br />

products in Africa.<br />

Berries are a growing subsector and two-thirds of production<br />

occurs in the <strong>Western</strong> <strong>Cape</strong>. More than 70% of the crop is exported<br />

and the major production companies are Berryworld South Africa,<br />

United Exports and Haygrove SA. Berries thrive between George and<br />

Swellendam and sales of chippers have grown because blueberries<br />

have to be vigorously pruned. There is plenty of scope for exports to<br />

grow. Current annual exports are 13 500t compared to over 200 000t<br />

for table grapes and about 300 000t for apples (South African Berry<br />

Producers’ Association).<br />

Hortgro, a deciduous fruit industry association, said that export<br />

volumes for six fruits including peaches and apples were 35% down<br />

in November and December 2023 compared to the previous year.<br />

Hortgro was one of the organisations considering legal action to deal<br />

with the situation.<br />

And yet citrus farmers<br />

packed a record number of<br />

cartons in 2023, 165-million.<br />

Away from the possible<br />

legal battles that the export of<br />

fruit might present, Hortgo has<br />

launched a new testing facility<br />

for deciduous fruits on the<br />

Welgevallen experimental farm<br />

of Stellenbosch University. The<br />

new phytosanitary facility will<br />

help improve access to new<br />

markets for deciduous fruit<br />

growers and marketers.<br />

Liquid kelp products is a<br />

growing subsector. Farmed<br />

kelp in Gansbaai is processed to<br />

create products that assist with<br />

root growth in crops. Afrikelp is<br />

a company that exports to more<br />

than 50 countries and claims<br />

that its products improve water<br />

and nutrient-use efficiency,<br />

together with equipping plants<br />

to better handle droughts.<br />

The South African Rooibos<br />

Council announced in 2022<br />

that it would start paying a<br />

levy on the product to trusts<br />

for Khoi and San people. A<br />

payment of R12.2-million was<br />

paid in July and the future levy<br />

would amount to 1.5% of the<br />

farm gate price.<br />

This followed news that<br />

the long battle for protected<br />

status for rooibos in the EU<br />

finally reached an end. The<br />

WESTERN CAPE BUSINESS <strong>2024</strong><br />

18<br />



best-known products that are forever linked to their home regions<br />

are champagne and Port, and France and Portugal have fought hard<br />

for those rights. Now the <strong>Western</strong> <strong>Cape</strong>’s herbal tea product enjoys<br />

the same privileges, which is great news for the roughly 450 farmers<br />

working with rooibos (350 commercial plus 100 small-scale farmers).<br />

The sector produces about 20 000 tons of rooibos every year, about<br />

half of which is exported.<br />

Economic impact<br />

Agribusiness and agro-processing are vital parts of the provincial<br />

economy with about 45% of South Africa’s agricultural exports<br />

moving through the province. The value-add in the sector amounts<br />

to more than R14-billion per annum (Invest <strong>Cape</strong> Town).<br />

Seven of the top 10 exports from the province are agricultural<br />

or agro-processed products. As Wesgro notes, the <strong>Western</strong> <strong>Cape</strong> is<br />

responsible for<br />

• Almost half of South Africa’s agribusiness exports<br />

• About 70% of South Africa’s beverages exports<br />

• About 85% of South Africa’s fisheries exports<br />

Exporters were introduced to some digital innovation in 2020 in the<br />

form of the <strong>Cape</strong> Export Network. CEN, a joint initiative of the <strong>Western</strong><br />

<strong>Cape</strong> Provincial Government, Wesgro and Wines of South Africa (WoSA), is<br />

a platform that connects wine producers, buyers and importers.<br />

Assessed independently from the country, the <strong>Western</strong> <strong>Cape</strong><br />

is the world’s fifth-largest exporter of citrus fruits. Oranges are the<br />

province’s number one citrus export and soft citrus is growing.<br />

Europe remains the most important market but the Asia and Oceana<br />

markets are growing. The top five countries are the Netherlands, the<br />

UK, Russia, UAE and China.<br />


Aquaculture Association of Southern Africa: www.aasa-aqua.co.za<br />

Citrus Growers’ Association: www.cga.co.za<br />

Fresh Produce Exporters Forum: www.fpef.co.za<br />

South African Rooibos Council: www.sarooibos.co.za<br />

<strong>Western</strong> <strong>Cape</strong> Department of Agriculture: www.elsenburg.com<br />

In addition, the region<br />

exports 70% of all South African<br />

beverages and spirits and 96%<br />

of its wine. The region produces<br />

11 different commodities. Fruit,<br />

poultry, eggs, winter grains,<br />

viticulture and vegetables<br />

comprise more than 75% of<br />

total output.<br />

Tiger Brands announced in<br />

2020 that it intended focussing<br />

on what it called “everyday<br />

branded food and beverages”.<br />

The result of that focus is that<br />

the company’s food-canning<br />

business is to be put up for sale.<br />

Fears were raised in the town<br />

of Ashton that up to 4 000 jobs<br />

would be lost and 300 farmers<br />

in the district would be wiped<br />

out if Langeberg & Ashton Foods<br />

canning facility were to close.<br />

Ashton is in the Langeberg Local<br />

Municipality within the <strong>Cape</strong><br />

Winelands District Municipality.<br />

The company is a subsidiary<br />

of Tiger Brands, the country’s<br />

biggest producer of food.<br />

A local consortium of 160<br />

fruit farmers was considering<br />

trying to buy the facility. Agri<br />

SA estimated they would need<br />

an amount approaching R300-<br />

million. This was proving difficult<br />

to raise but in July 2022, Tiger<br />

said it would keep the operation<br />

going for one more season.<br />

In June 2023, this<br />

announcement was essentially<br />

repeated, and operations would be<br />

extended for the 2023/24 season. ■<br />


19<br />

WESTERN CAPE BUSINESS <strong>2024</strong>


Grapes and wine<br />

Getting grapes on ships is proving difficult.<br />

The difference between the volume of grapes inspected<br />

and the volume of grapes exported through the Port of<br />

<strong>Cape</strong> Town in the first weeks of January <strong>2024</strong> reached an<br />

all-time high.<br />

While 33.8-million cartons (4.5kg equivalent) were inspected,<br />

a total of 17.3-million cartons were exported. These figures were<br />

respectively 17% up and 10% down on the previous year’s totals.<br />

(South African Table Grape Industry, SATI). The reason for the<br />

discrepancy is that ships are not being loaded and unloaded quickly<br />

enough. Port authorities, agricultural associations and the provincial<br />

government have been working on initiatives to overcome these<br />

problems, but they are proving difficult to solve.<br />

Better news for the grape-growing sector in early <strong>2024</strong> came in<br />

reports of good weather, good berry sizes and excellent colouring<br />

and quality. Farmers are proving innovative in focussing on crop-load<br />

management and quality to overcome logistical issues. Some regions<br />

are growing more white seedless grapes and producers are paying<br />

attention to the quality of grapes, both on-farm and during the coldchain<br />

process.<br />

Exports of South African grapes and wine to China are on<br />

an upward trend. The imposition in 2020 of prohibitive tariffs on<br />

Australian imports by China helped to boost that trend.<br />

Both wine and grape production are supported by the <strong>Western</strong><br />

<strong>Cape</strong> Department of Agriculture which offers technology, research<br />

and development, agricultural training and analytical services at<br />

plant pathology and water and soil laboratories.<br />

There are over 3 500 wine producers in South Africa, with the<br />

large majority located in the <strong>Western</strong> <strong>Cape</strong>. Wine is produced by<br />

estates, independent cellars and producer cellars or co-operatives.<br />

The Distell group runs five distilleries and seven wineries in the<br />

<strong>Western</strong> <strong>Cape</strong> and produces about a third of the country’s natural<br />

and sparkling wine.<br />

South Africa is the eighth-biggest wine producer globally and<br />

produces about 4.2% of the world’s wine.<br />

The wine and brandy industry has set about creating a new<br />


<strong>Cape</strong> Winemakers Guild: www.capewinemakersguild.com<br />

SA Wine Industry Information & Systems: www.sawis.co.za<br />

South African Table Grape Industry: www.satgi.co.za<br />

Vinpro: www.vinpro.co.za<br />


21 of South Africa’s 23<br />

wine routes are in the<br />

<strong>Western</strong> <strong>Cape</strong>.<br />

strategic framework in response<br />

to the various economic and<br />

geopolitical shocks. With wine<br />

tourism disappearing during<br />

Covid-19 lockdowns and input<br />

costs rising, the industry has<br />

chosen to strategise for a more<br />

sustainable future.<br />

Membership of the <strong>Cape</strong><br />

Winemakers Guild (CWG) is by<br />

invitation and includes some<br />

of the best winemakers in the<br />

country. Members get together<br />

to taste wines from around<br />

the world and share their<br />

knowledge and ideas.<br />

The Nedbank <strong>Cape</strong><br />

Winemakers Guild Auction is<br />

one of the great events in the<br />

wine calendar. In 2022, two of<br />

the top four wines were white<br />

wines and both were produced<br />

by female winemakers –<br />

Samantha O’Keefe of Lismore<br />

Estate Vineyards and Andrea<br />

Mullineux (Mullineux & Leeu). ■<br />

WESTERN CAPE BUSINESS <strong>2024</strong><br />

20<br />

PHOTO: Vinpro

Mining<br />

West Coast mining and prospecting is booming.<br />


Kropz is mining the country’s<br />

second-largest phosphate deposit.<br />

Bitterfontein, a small town on the northern edge of the<br />

<strong>Western</strong> <strong>Cape</strong>, lies on the Knersvlakte, so called because<br />

wagons would grind and crunch their wheels over the<br />

quartz stones that litter the area. The translation from<br />

Afrikaans is “gnashing plain”.<br />

Bitterfontein is also the railhead for the historic copper mining<br />

operations of Okiep in the Northern <strong>Cape</strong>. In 2023 Bitterfontein was<br />

in the news when Nekwana Trading Enterprise announced that it<br />

wanted to prospect nearby for garnets, kaolin (clay), leucoxene,<br />

monazite, manganese ore and sillimanite.<br />

The Knersvlakte Nature Reserve is part of the Succulent Karoo<br />

with leaf succulents prominent. This example of the possible conflict<br />

of interest between mining interests and conservation is becoming<br />

a staple of West Coast interaction.<br />

South Africa’s second-largest phosphate deposit is being mined<br />

by Kropz at its Elandsfontein facility near Saldanha, pictured. The<br />

company website notes its environmental responsibilities because<br />

the deposit lies below the water table. The nearby Saldanha Lagoon<br />

is a “significant wetland in terms of UNESCO’s Ramsar Convention”.<br />

The environmental organisation Protect The West Coast notes<br />

that there are currently “more than 30 prospecting and mining<br />

applications, as well as scores of active mines on the West Coast”.<br />

This includes active prospecting at sea for oil but is mostly related to<br />

mineral sands such as zircon, ilmenite, rutile, magnetite and garnet.<br />

The organisation is concerned that methods of mining that create<br />

trenches on beaches are destructive of the fragile environment.<br />

Tronox’s Namakwa Sands operations is one of the biggest<br />

existing mines in the area. Titanium dioxide feedstock suitable for<br />


Council for Geoscience: www.geoscience.org.za<br />

Geological Society of South Africa: www.gssa.org.za<br />

Minerals Council South Africa: www.mineralscouncil.org.za<br />

both the chloride and sulphate<br />

TiO2 processes is produced, as<br />

is zircon, rutile and pig iron. The<br />

operation begins with an openpit<br />

mine and concentration<br />

plants at Brand-se-Baai, about<br />

385km north of <strong>Cape</strong> Town. Once<br />

separated into ilmenite, natural<br />

rutile and zircon, the products<br />

are transported to the company’s<br />

smelter at Saldanha Bay.<br />

Sixteen rare earth minerals<br />

have been identified north<br />

of Vanrhynsdorp, with the<br />

most prevalent being cerium,<br />

an important component of<br />

catalytic converters.<br />

Limestone for cement,<br />

agricultural lime and feed lime<br />

is extracted at several sites in the<br />

province’s western regions while<br />

kaolin is found in Noordhoek and<br />

Somerset West. Ball clay is mined<br />

in the Albertina area by G&W<br />

Base and Industrial Minerals.<br />

Afrimat has five sand mines,<br />

eight quarries, nine readymix<br />

batching plants, one dolomite<br />

mine and a brick and block<br />

factory in the <strong>Western</strong> <strong>Cape</strong>.<br />

The <strong>Cape</strong> Bentonite Mine<br />

near Heidelberg is run by Ecca<br />

Holdings with another site east<br />

of Knysna at Roode Fontein.<br />

Dimension stone occurs around<br />

Vanrhynsdorp and mediumgrain<br />

granite is found at Paarl. ■<br />

WESTERN CAPE BUSINESS <strong>2024</strong><br />

22<br />

PHOTO: Kropz

CSIR’s visionary leadership in<br />

sustainable mining<br />

A holistic approach to acid-mine-drainage management<br />

and circular-economy transformation.<br />

“A<br />

firm commitment to sustainable mining<br />

extends beyond the theoretical.” – Dr<br />

Ryneth Mbhele.<br />

This article by Water Research Centre<br />

group leader Dr Ryneth Mbhele looks at the CSIR’s<br />

strategic value chain, market analysis and the<br />

significant ways in which the organisation uses its<br />

current resources and competencies to transform<br />

the mining landscape.<br />

CSIR’s strategic value chain<br />

Our emphasis on the AMD value chain exemplifies<br />

a complete strategy, encompassing AMD treatment<br />

and prediction as well as cleanup and sustainable<br />

practices. Recognising the limitations of present<br />

approaches, such as high sludge output and<br />

variable efficacy, we advocate for long-term<br />

improved treatment efficiency, effectively offsetting<br />

operating costs and boosting resource recovery. The<br />

CSIR’s focus on sustainable AMD practices and bulk<br />

supply production demonstrates its dedication to<br />

transformational, industry-leading solutions.<br />

Market analysis of rare earth elements and minerals<br />

At the CSIR, we believe that market analysis must go<br />

beyond traditional bounds, investigating the recovery<br />

of rare earth elements and minerals from AMD<br />

through the lens of circular economy perspectives.The<br />

CSIR presents itself as a thought leader at the nexus of<br />

environmental responsibility and economic viability.<br />

with broader sustainable<br />

development goals.<br />

Driving innovation through<br />

research and development<br />

The organisation’s dedication<br />

to innovation is a way of<br />

creating a transformational<br />

future. This is demonstrated<br />

by substantial research and<br />

development activities.<br />

Collaborating for a sustainable future<br />

Our visionary leadership and groundbreaking<br />

initiatives in this research space are set on<br />

propelling the mining industry toward a<br />

sustainable, circular future. Our strategic value<br />

chain, market insights and impactful contributions<br />

underscore their pivotal role in driving<br />

transformative change across the industry.<br />

Your collaboration with the CSIR isn’t<br />

just a strategic choice; it’s an investment in a<br />

sustainable, resilient future for the mining sector<br />

and our planet. Together, we forge a path towards<br />

responsible mining practices and a circular<br />

economy that safeguards both the industry and<br />

the environment for generations to come. ■<br />

By Dr Ryneth Mbhele<br />

Email: rmbhele@csir.co.za<br />

FOCUS<br />

Impactful contributions<br />

Our unwavering commitment to sustainable mining<br />

goes beyond the theoretical. The CSIR addresses<br />

significant environmental challenges by minimising<br />

the use of key resources such as water and energy.<br />

Our comprehensive approach ensures not only longterm<br />

mine closure but also the establishment of new<br />

job prospects, paving the path for mechanisation<br />

and innovative industry practices.<br />

The CSIR advocates for the generation of food,<br />

energy and clean water, aligning its objectives<br />

Dr Ryneth Mbhele is a research group leader at the<br />

CSIR’s Water Research Centre. She holds a PhD in<br />

Industrial Chemistry from the University of Pretoria.<br />

The Council for Scientific and Industrial Research<br />

(CSIR) is emerging as a trailblazer on the African<br />

continent in the continuously changing mining<br />

arena, managing the difficult challenges of acidmine<br />

drainage (AMD) with its innovative circulareconomy<br />

approach.<br />

23<br />

WESTERN CAPE BUSINESS <strong>2024</strong>

Oil and gas<br />

Exploration is accelerating.<br />

Held in <strong>Cape</strong> Town in September 2023, the third annual<br />

Southern African Oil and Gas Conference was the<br />

best-attended event since inception.<br />

Hosted by SAOGA, the Southern African Oil & Gas<br />

Alliance, in partnership with the Department of Mineral Resources<br />

and Energy (DMRE) and Petroleum Agency South Africa (PASA), the<br />

conference heard presentations from Namibia and Guyana about<br />

how those countries are making policy around the development of<br />

their oil and gas resources. As Sibablwenathi Magida, PASA Executive<br />

Manager Communications & Stakeholder Relations says of Guyana’s<br />

chosen growth path, “They are doing it sustainably, growing the oil<br />

and gas sector and balancing socio-economic development and<br />

transformation imperatives.”<br />

The example of Guyana, which has recently discovered vast<br />

offshore resources, was both “popular and timeous” for delegates,<br />

according to SAOGA CEO Adrian Styrdom. “We were fortunate<br />

to have had a look at Guyana as a new oil and gas country and its<br />

successful example of combing development, growth and respect<br />

for the environment”. Concern about environmental issues has been<br />

something that the oil and gas sector has had to deal with, including<br />

a number of court cases relating to seismic activity off South Africa’s<br />

Wild Coast.<br />

A key issue at stake is the extent and quality of the public<br />

participation process when it comes to offshore exploration for gas<br />

and oil. WSP Group Africa has been appointed by the consortium<br />

which has discovered gas reserves off the coast of Mossel Bay to<br />

run the environmental and social impact assessment (ESIA) for their<br />

proposed offshore production.<br />

Having notified PASA of their intention to produce, TotalEnergies EP<br />

South Africa (TEEPSA), together with its joint venture partners, QatarEnergy,<br />

CNR International (South Africa) Limited and a South African consortium,<br />


The Southern African Oil<br />

and Gas Conference was<br />

the biggest yet.<br />

MainStreet 1549, are obliged<br />

to run a public process, having<br />

successfully explored the area<br />

allocated to them off the southeast<br />

coast of South Africa.<br />

The same companies and<br />

others are also applying for<br />

environmental authorisation to<br />

undertake exploration activities in<br />

Block 5/6/7 between <strong>Cape</strong> Town<br />

and <strong>Cape</strong> Agulhas, approximately<br />

60km from the coast at its closest<br />

point and 170km at its furthest, in<br />

water depths between 700m and<br />

3 200m.<br />

This area holds even greater<br />

potential than the southern <strong>Cape</strong><br />

coast. Shell’s announcement<br />

that it had made significant<br />

oil and gas discoveries in the<br />

southernmost sector of its<br />

Orange Basin offshore Namibia<br />

is significant because the area is<br />

in the same sedimentary basin as<br />

South African offshore territory.<br />

WESTERN CAPE BUSINESS <strong>2024</strong><br />

24<br />



The geological sedimentary basin extends to offshore <strong>Cape</strong> Town<br />

and out to sea, stretching over 160 000km².<br />

Analysis of data shows similar prospectivity in the South African<br />

section. The rights to the South African southern section of the basin<br />

are held by Shell and its partners TotalEnergies and PetroSA.<br />

Onshore exploration rights are also being granted. The one<br />

attracting the most attention is the Virginia Project in the Free State,<br />

but PASA’s Manager: Resource Evaluation, David van der Spuy, notes<br />

that, “There are other types of unconventional gas onshore, such<br />

as coal-bed methane and gas.” He rates the country’s potential for<br />

onshore gas as “very good”, including the shale gas deposits of<br />

the south-central Karoo where studies show a potential of 209TCF<br />

recoverable gas. Basin-analysis studies also show potential for<br />

conventional deposits of dry gas and wet gas.<br />

Oil and gas infrastructure<br />

The Saldanha Bay Industrial Development Zone Licensing Company<br />

(SBIDZ-LC) has announced the start of phase one of the development<br />

of the main infrastructure of the IDZ. Located within the southern<br />

hemisphere’s deepest and biggest natural port, the company will<br />

spend R3.5-billion on developing 356ha of space to enable the port<br />

to offer a wider variety of services. A floating dock, ship-lift facilities<br />

and marine service jetties will be among the new services created.<br />

Ultimately, the seven-part development plan will see the SBIDZ<br />

become a South African Freeport, a Special Economic Zone and<br />

customs-controlled area within a port, dedicated to the oil, gas and<br />

marine sector.<br />

Astron Energy reopened its <strong>Cape</strong> Town refinery in stages in<br />

the course of 2023, having closed the facility for repairs in 2020<br />

after a fire. The Astron refinery had been producing about 100 000<br />


Petroleum Agency South Africa: www.petroleumagencysa.com<br />

Saldanha Bay Industrial Development Zone: www.sbidz.co.za<br />

South African Oil and Gas Alliance: www.saoga.org.za<br />

<strong>Western</strong> <strong>Cape</strong> Maritime Cluster: wcmc.org.za<br />

barrels per day using feedstock<br />

from West Africa, a source<br />

which will be reinstated.<br />

<strong>Cape</strong> Town’s oil refinery was<br />

previously named Chevron, but<br />

with the $973-million purchase<br />

of Chevron’s downstream<br />

assets in South Africa by Off<br />

The Shelf Investments (OTS), it<br />

was rebranded as Astron. The<br />

Caltex service-station brand<br />

was retained. OTS is the Black<br />

Economic Empowerment<br />

(BEE) partner of mining giant<br />

Glencore, who financed the<br />

deal. The refinery in Milnerton<br />

produces petrol, diesel, jet<br />

fuel and liquefied gas for the<br />

<strong>Western</strong> <strong>Cape</strong> and for export to<br />

other African countries.<br />

The Bergun terminal,<br />

comprising 12 tanks located<br />

on the Eastern Mole of the Port<br />

of <strong>Cape</strong> Town, is connected by<br />

pipeline to the Astron refinery.<br />

The <strong>Western</strong> <strong>Cape</strong> spends<br />

R76-billion annually on crude<br />

oil imports and exports refined<br />

petroleum to the value of<br />

R13.2-billion.<br />

Large quantities of oil are<br />

transported around the <strong>Cape</strong><br />

of Good Hope every year: 32.2%<br />

of West Africa’s oil and 23.7% of<br />

oil emanating from the Middle<br />

East. Problems in the container<br />

ship market have caused<br />

some stress in the local sector<br />

but the long-term prospects<br />

for shipping and oil and gas<br />

are still strong enough for<br />

national government to pursue<br />

Operation Phakisa (which<br />

includes a strong maritime<br />

economy push) and for Transnet<br />

National Ports Authority to<br />

spend heavily on upgrading the<br />

nation’s ports. ■<br />


25 WESTERN CAPE BUSINESS <strong>2024</strong>

Energy<br />

Worcester has a Battery Energy Storage System.<br />

In November 2023 a new era in the <strong>Western</strong> <strong>Cape</strong> power<br />

sector was launched with the opening of the BESS (Battery<br />

Energy Storage Systems) at Worcester. The Eskom project,<br />

pictured, is part of the national government’s scheme to add<br />

500MW to the grid via four such projects around the country.<br />

The City of <strong>Cape</strong> Town also intends deploying BESS. Although<br />

BESS only makes up a small part of the national energy plan<br />

(Integrated Resource Plan 2019), if combined with renewables, it<br />

could prove a useful complement to the city’s other plans. These<br />

include a R1.2-billion solar PV (photovoltaic) plant with battery<br />

storage at Paardevlei near Somerset West which is intended to<br />

produce 60MW. C40 City Finance Facility (CFF) will fund the project<br />

while the city will contribute R447-million towards the solar farm,<br />

drawn from the R2.3-billion budget allocated to bring loadshedding<br />

in the city to an end by 2026.<br />

At the launch of the 2022 Solar Power Africa Conference,<br />

<strong>Cape</strong> Town Mayor Geordin Hill-Lewis unveiled plans for the city to<br />

procure 300MW of power from independent power producers. It<br />

was estimated in 2021 that loadshedding cost the <strong>Western</strong> <strong>Cape</strong><br />

economy R75-million per stage, per day.<br />

Tenders for the city have been opened and at provincial level,<br />

24 municipalities have now been given the legal go-ahead to allow<br />

for private generation of solar PV energy. In addition, 19 of those<br />

municipalities allow private generators to be compensated for<br />

feeding back into the grid, a major breakthrough for the potential<br />

take-up by the public.<br />


The City of <strong>Cape</strong> Town has<br />

secured funding for a<br />

solar farm.<br />

Provincial Premier Alan<br />

Winde has outlined other<br />

measures the provincial<br />

government is taking to tackle<br />

the energy crisis. These include:<br />

• Seven <strong>Western</strong> <strong>Cape</strong> municipalities<br />

are being supported<br />

to develop wheeling frameworks<br />

and wheeling tariffs,<br />

whereby private-sector entities<br />

can sell power over the<br />

grid to another business or<br />

facility<br />

• Developing standardised legal<br />

agreements for wheeling.<br />

The City of <strong>Cape</strong> Town and<br />

George Municipality are<br />

running wheeling pilots.<br />

• 21 municipalities are able to<br />

credit businesses and house-<br />

WESTERN CAPE BUSINESS <strong>2024</strong><br />

26<br />

PHOTO: Eskom


holds for excess electricity that is fed into the municipal grid from<br />

small-scale embedded generation such as rooftop solar panels.<br />

• A new solar photovoltaic technician qualification pilot project has<br />

been launched at Technical Vocational Education and Training<br />

(TVET), including West Coast College and False Bay College.<br />

The early rounds of the Renewable Energy Independent<br />

Power Producer Procurement Programme (REIPPPP) continue to<br />

produce regular dividends. The Paardekraal East Wind Farm, which<br />

is located about 80km north-east of Ceres, is in the Witzenberg<br />

Local Municipality. The 110MW project was constructed by the<br />

Concor and Conco Consortium, Siemens Gamesa Renewable Energy<br />

supplied and installed the wind turbines, the towers were built by<br />

GRI in Atlantis and Mainstream Asset Management South Africa will<br />

manage the operations.<br />

The support of two of South Africa’s biggest institutional<br />

investors, the Industrial Development Corporation (IDC) and the<br />

Public Investment Corporation (PIC), has been crucial in getting<br />

the renewable energy sector off the ground. They have also helped<br />

communities fund their participation in community trusts. Typically,<br />

a community trust is established to represent the interests of the<br />

local community.<br />

Alternative sources<br />

The <strong>Western</strong> <strong>Cape</strong> is lobbying for the national Department of Energy<br />

to allow Saldanha Bay to be a site for a gas-to-power plant. If a gas<br />

plant is built at Saldanha, then it could be a catalyst for the use of gas<br />

in many other sectors such as manufacturing and residential.<br />

Recent gas finds by TotalEnergies off the coast of Mossel Bay and<br />

off the west coast will accelerate the drive to switch to gas.<br />

The City of <strong>Cape</strong> Town has signed an agreement with the United<br />

States Agency for International Development and the Southern<br />

Africa Energy Programme to look for ways to make solar PV more<br />

accessible. High costs of installation often preclude residents from<br />

taking the solar PV option for their homes.<br />

The <strong>Western</strong> <strong>Cape</strong> is positioning itself as a green business<br />

hub and is working to find energy alternatives for households<br />

and businesses. Greater <strong>Cape</strong> Town is home to 70% of South<br />


Atlantis Special Economic Zone: www.atlantissez.com<br />

Green<strong>Cape</strong>: www.greencape.co.za<br />

South African Renewable Energy Technology Centre: www.saretec.org.za<br />

South African Wind Energy Association: www.sawea.org.za<br />

Africa’s manufacturers of<br />

renewable components.<br />

Green<strong>Cape</strong> is an agency<br />

that does research and runs<br />

projects in areas such as energy<br />

efficiency, waste, water and<br />

sustainable agriculture. It is<br />

a joint initiative of the City of<br />

<strong>Cape</strong> Town, Wesgro and the<br />

Provincial Government of the<br />

<strong>Western</strong> <strong>Cape</strong>.<br />

Green<strong>Cape</strong> states that<br />

nearly R700-million in green<br />

technology investments has<br />

already been attracted to the<br />

Atlantis Special Economic<br />

Zone, creating 300 jobs.<br />

A further R3.7-billion is<br />

anticipated by 2030, which<br />

will add more than 3 000<br />

new jobs. Spanish wind<br />

tower manufacturer Gestamp<br />

Renewable Industries was an<br />

early investor in the zone.<br />

A market intelligence report<br />

covering energy, renewable<br />

energy, water and waste was<br />

created by Green<strong>Cape</strong> to map<br />

the assets and challenges<br />

in these areas. In addition<br />

to trying to attract green<br />

investment into the province,<br />

the <strong>Western</strong> <strong>Cape</strong> is working for<br />

improved regulations related<br />

to small-scale embedded<br />

generation (SSEG).<br />

The Koeberg nuclear power<br />

station 30km north of <strong>Cape</strong><br />

Town is South Africa’s, and<br />

Africa’s, only nuclear power<br />

station. It was commissioned<br />

in 1985. It seems increasingly<br />

likely that the country will get<br />

more nuclear power stations<br />

as provision has been made for<br />

such a power source in national<br />

energy plans. ■<br />

27<br />

WESTERN CAPE BUSINESS <strong>2024</strong>


Providing the cheapest and the most<br />

reliable form of baseload electricity<br />

Newly appointed Lesedi Nuclear Services CEO Leon van Wyk reflects on<br />

a nuclear renaissance as South Africa and the world reset energy policies.<br />

Is this a good time to be in the nuclear industry?<br />

Absolutely. We are experiencing a nuclear<br />

renaissance as we strive for a better and<br />

environmentally friendly power solution<br />

worldwide. I have no doubt that the energy<br />

landscape will transition more towards nuclear,<br />

not only in South Africa but also internationally<br />

as nuclear has proven to be a safe and reliable<br />

way to sustainably ensure grid stability and<br />

energy security.<br />

Leon van Wyk, CEO, Lesedi Nuclear Services<br />

What are your top short-term priorities?<br />

What a privilege to lead such a remarkable company<br />

and talented group of people. Lesedi has a rich history<br />

of achievements over more than 25 years and we<br />

continue to go from strength to strength. We have<br />

focused on diversifying the business from a purely<br />

nuclear-focused entity to a leading Engineering,<br />

Procurement and Construction (EPC) company. Our<br />

focus is to organise the company in well-defined<br />

business units where we can create better focus,<br />

increase efficiency and become more agile. Secondly,<br />

is our reaction to the changing energy landscape<br />

and the support required to ensure stable, clean and<br />

reliable electricity supply.<br />

What are the opportunities for the industry?<br />

At Lesedi we focus on various forms of power<br />

generation ranging from nuclear to renewables<br />

and all other forms in between. It is no secret that<br />

the power infrastructure in South Africa has been<br />

neglected due to insufficient new investment<br />

in large-generation capacity and the inability<br />

to do proper maintenance. It is encouraging to<br />

see that the private sector is starting to invest in<br />

larger-scale power projects for both grid supply<br />

and embedded generation. South Africa needs a<br />

similar infrastructure-build programme for energy<br />

to that of the 1980s. This will create opportunities<br />

for a diversified energy mix, create thousands of<br />

jobs and significantly boost the economy.<br />

Has the latest draft Integrated Resource Plan (IRP<br />

2023) allocated sufficient capacity to nuclear?<br />

Eskom currently has an installed capacity of<br />

approximately 55GW from a combination of<br />

thermal coal, hydro, gas, wind and nuclear,<br />

with nuclear contributing only 2GW to that<br />

total. On average, the baseload and peakload<br />

consumption is between 25GW and 30GW daily.<br />

Given the age of the Eskom fleet, the majority of<br />

these assets will need to be replaced by 2050.<br />

WESTERN CAPE BUSINESS <strong>2024</strong><br />


The IRP makes provision for 18.5GW of nuclear<br />

by then, with the balance from a mix of existing<br />

coal and new renewables. It has been proven<br />

that the baseload component of renewables<br />

is well below the installed capacity nameplate<br />

value, and although it is absolutely required to<br />

have a portion of renewables within our grid,<br />

the stability will have to come from elsewhere. I<br />

believe that the allocation of 18.5GW of nuclear<br />

by 2050 will be excellent if we can achieve this,<br />

but we will have to continue a further expansion<br />

programme to cater for the increase in economic<br />

growth. Stable electricity will be required to<br />

achieve that growth.<br />

How safe is nuclear?<br />

I believe that the general public is not well<br />

informed about the real safety levels of nuclear<br />

power generation. Consider that Koeberg started<br />

construction in 1976 and to date has not had a<br />

single nuclear-related incident. Further to this,<br />

technology advancements in reactor-protection<br />

systems, construction materials and the lessons<br />

learned from the worldwide installed base of<br />

over 430 nuclear reactors make nuclear power<br />

generation arguably the safest form of power<br />

generation that there is. Lesedi will soon be<br />

publicly highlighting the safety measures within<br />

the nuclear landscape and educating the public.<br />

What is the relationship between Lesedi and<br />

the Koeberg Nuclear Power Station?<br />

Lesedi has a healthy long-standing relationship<br />

with Koeberg and is one of the longest-serving<br />

contractors to the power plant. We have<br />

conducted several safety related modifications,<br />

general design improvements and long-term<br />

safety design and maintenance interventions.<br />

Our teams have also assisted Eskom in more than<br />

50 plant outages with general maintenance and<br />

refuelling activities.<br />

How is the project to replace the steam<br />

generators progressing?<br />

The installation of the first three steam generators at<br />

Unit 1 was completed at the end of 2023 and the unit<br />

reached criticality and full-load operation without any<br />

Lesedi has worked on the Koeberg Power Station<br />

for decades.<br />

concerns. The steam generators are functioning well<br />

and have enabled the life-extension programme. We<br />

are currently replacing the second set of three steam<br />

generators on Unit 2 and at the time of writing all is<br />

well in line with the planned schedule.<br />

How does Koberg Nuclear Power Station<br />

perform compared to other power sources in<br />

South Africa?<br />

There are three key elements to consider<br />

when one looks at Koeberg: primary energy<br />

cost, energy availability factor and carbon<br />

emissions. Koeberg provides the cheapest form<br />

of baseload electricity on the Eskom grid. The<br />

primary energy cost of Koeberg is only 9.9c/<br />

kWh, much lower than the latest new wind or<br />

solar projects (the average cost in IRP Window<br />

6 was 49c/kWh for wind and 43c/kWh for solar<br />

PV). Although the capital cost of a nuclear<br />

plant is high compared to other sources, the<br />

capital cost typically gets amortised after 20<br />

years of operation. The low cost of nuclear fuel<br />

compared to other sources such as coal makes it<br />

possible for a “mature” nuclear power station to<br />

generate electricity cost-effectively. That is one<br />

of the great advantages of nuclear power – it is a<br />

very concentrated form of energy. Koeberg is by<br />

far the most reliable power station on the Eskom<br />

grid, with a much better energy availability<br />

factor (EAF) than coal stations. Once the current<br />

projects have been completed, the Koberg units<br />

will return to their normal EAF levels of around<br />

90%. Finally, nuclear plants are among the<br />

cleanest sources of energy at 12gCO2/kWh since<br />

nuclear plants have no direct emissions. This<br />

compares favourably with wind power (similar<br />

values) and solar PV (about 45gCO2/kWh). ■<br />

PHOTO: Eskom<br />

29 WESTERN CAPE BUSINESS <strong>2024</strong>


Manufacturing<br />

“Made in the <strong>Cape</strong>” is a new brand.<br />

in <strong>Cape</strong> Town” was launched in 2021. “Made<br />

in the <strong>Cape</strong>” debuted in 2022. Both branding<br />

initiatives aim to create awareness of local talent<br />

“Made<br />

and to guarantee authenticity of origin.<br />

The “Made in <strong>Cape</strong> Town” (MiCT) initiative is a joint venture of<br />

the Craft and Design Institute (CDI) and the City of <strong>Cape</strong> Town’s<br />

Enterprise and Investment Department. It aims to promote small and<br />

local businesses and encourage the idea that “local is lekker”.<br />

Wesgro, the tourism, trade and investment promotion agency for <strong>Cape</strong><br />

Town and the <strong>Western</strong> <strong>Cape</strong>, launched the “Made in the <strong>Cape</strong>” regionof-origin<br />

brand within the broader context of products such as rooibos<br />

winning geographical indication (GI) status in the EU after a long battle.<br />

In 2023 the name “<strong>Cape</strong> Flora” began the long process to win<br />

similar accreditation. There is global trend to protect such name<br />

brands and Wesgro describes “Made in the <strong>Cape</strong>” as “strengthening<br />

the identity of <strong>Cape</strong> exports in key international markets”.<br />

The campaign is also helping exporters. The <strong>Cape</strong> Trade Portal,<br />

which started off with 115 registered exporters showcasing 600<br />

products in 2022, grew to 924 exporters showcasing over 4 000 <strong>Western</strong><br />

<strong>Cape</strong> products one year later. A buyers’ programme event was held in<br />

2023 where nearly 600 business meetings were held over three days<br />

between 31 buyers from 18 countries and 269 <strong>Cape</strong> exporters.<br />

TFG, which includes Foschini, TotalSports and Markhams among<br />

its brands, has been buying up clothing factories for nearly a decade,<br />


<strong>Cape</strong> Clothing and Textile Cluster: www.capeclothingcluster.org.za<br />

<strong>Cape</strong> Trade Portal: www.capetradeportal.com<br />

Invest <strong>Cape</strong> Town: www.investcapetown.com<br />

Made in <strong>Cape</strong> Town: www.madeincapetown.org.za<br />


Damen Shipyards is delivering its<br />

patrol-vessel project.<br />

giving it the ability to respond<br />

more quickly to fashion trends.<br />

Among TFG’s acquisitions<br />

were Prestige Clothing Maitland<br />

and Prestige Clothing Caledon.<br />

The group then spent R75-<br />

million on expanding the factory<br />

in Caledon. TFG is ramping up<br />

production of clothing and<br />

expects to increase staff from just<br />

over 3 000 to more than 5 000.<br />

The second of three Multi<br />

Mission Inshore Patrol Vessels<br />

(MMIPVs) was delivered by<br />

Damen Shipyards to the South<br />

African Navy in October 2023.<br />

The vessel was named the SAS<br />

King Shaka Zulu and is part of<br />

the programme to protect South<br />

Africa’s 2 798km coastline. The<br />

multi-vessel project created<br />

more than one-million manhours<br />

of work during the<br />

construction of the three MMIPVs<br />

and supported more than 1 000<br />

direct and indirect jobs at Damen<br />

Shipyards <strong>Cape</strong> Town. The yard<br />

is maximising local content by<br />

using small businesses.<br />

Invest <strong>Cape</strong> Town reports that<br />

the city’s boatbuilding industry is<br />

the second-largest producer of<br />

recreational catamarans in the<br />

world, after France. The city’s<br />

companies export 80% of the<br />

products that they produce and<br />

attract a positive trade balance<br />

of approximately $73-million<br />

annually. ■<br />

WESTERN CAPE BUSINESS <strong>2024</strong><br />

32<br />

PHOTO: Made in <strong>Cape</strong> Town

Construction and property<br />

<strong>Cape</strong> Town Station has been transformed.<br />



Residential building plans<br />

reached R15.4-billion in 2022.<br />

A<br />

20-storey mixed-use development has gone up on<br />

top of <strong>Cape</strong> Town Station.<br />

Eris Property Group has leased the station forecourt from<br />

the Passenger Rail Agency of South Africa (PRASA) and will<br />

house 3 085 students who are eligible for support from the National<br />

Student Financial Aid Scheme (NSFAS).<br />

While using the air above state properties such as the station<br />

might seem a clever solution, using unused state land for housing<br />

seems an obvious solution. There has been very little recourse<br />

to what might seem obvious in South Africa, but the Goodwood<br />

Station Social Housing Development project has made a start. DCI<br />

Community Housing Services has secured the development rights<br />

awarded by PRASA for the development of their land around the<br />

stations at Heideveld and Goodwood.<br />

DCI provides rental housing accommodation for people who do not<br />

qualify for the breaking-new-ground subsidy (previously RDP) and are<br />

unable to participate in the formal non-subsidised housing market. The<br />

Goodwood project was officially opened in 2023 and DCI has a further railreserve<br />

project in the works at Retreat which will bring 164 units to market.<br />

Across the city, more than 6 500 social-housing units are planned<br />

or in development on 50 sites identified by the municipality. These<br />

include parts of the CBD, along the Voortrekker Road corridor and at Salt<br />

River, where a 1 800-unit project will deliver 600 social-housing units. In<br />

Woodstock, social housing company Sohco has put the 243-flat project<br />

out to tender and occupation should take place in early <strong>2024</strong>.<br />


Building Industry Bargaining Council: www.bibc.co.za<br />

Construction Industry Development Board: www.cidb.org.za<br />

SA Institute of Architects: www.saia.org.za<br />

<strong>Western</strong> <strong>Cape</strong> Property Developers Forum: www.wcpdf.org.za<br />

The Provincial Government of<br />

the <strong>Western</strong> <strong>Cape</strong> is in partnership<br />

with the University of the <strong>Western</strong><br />

<strong>Cape</strong> to deliver more than 2 500 beds<br />

for student accommodation. Public<br />

comment has been made on a<br />

proposed new Inclusionary Housing<br />

Framework, which according to<br />

the State of the Province Address,<br />

“leverages our development<br />

planning powers” and aims to<br />

increase the number of mixed-use<br />

developments in the future.<br />

Residential building plans<br />

approved in the <strong>Western</strong> <strong>Cape</strong><br />

grew 22% year-on-year in 2022<br />

to reach a value of R14.5-billion.<br />

Nine of South Africa’s 10 most<br />

expensive suburbs are in <strong>Cape</strong><br />

Town, according to the Sunday<br />

Times, with three of them (Clifton,<br />

Bantry Bay and Llandudno)<br />

averaging more than R20-million<br />

for a house sale.<br />

Semigration from Gauteng<br />

is having a big effect on towns<br />

such as Plettenberg Bay and<br />

Knysna, with a shortage of<br />

housing stock causing prices to<br />

keep rising as demand grows.<br />

According to the Building<br />

Industry Bargaining Council<br />

(BIBC), the <strong>Western</strong> <strong>Cape</strong> has<br />

performed best among the<br />

country’s largest construction<br />

employment contributors over<br />

the last eight quarters, boasting<br />

an average growth of some 8%. ■<br />

Credit: Conradie Park<br />

PHOTO: Boogertman + Partners Architects<br />

33<br />

WESTERN CAPE BUSINESS <strong>2024</strong>


Transport and logistics<br />

<strong>Cape</strong> Town is more connected than ever before.<br />


Rail usage is down by 95%.<br />

In June 2023, <strong>Cape</strong> Town International Airport welcomed a<br />

first flight from Eswatini Air. Regular flights will be made<br />

between the city and Manzini on Tuesdays, Fridays and<br />

Sundays in a 50-seater Embraer ERJ 145.<br />

LAM Mozambique Airlines became the latest addition to<br />

the <strong>Cape</strong> Town direct flight roster when its inaugural flight from<br />

Maputo, Mozambique touched down in December 2023. The<br />

airline operated the first flight on a Boeing 737-700 but thereafter<br />

the route will be serviced by a Bombardier CRJ-900, operating yearround<br />

with three flights per week.<br />

Another new airline to start flying to <strong>Cape</strong> Town is Air Belgium.<br />

Belgium is the <strong>Western</strong> <strong>Cape</strong>’s seventh-largest European export<br />

market, with R2.61-billion in goods exported in 2021, up 81.5%<br />

from 2020. Passengers flying to <strong>Cape</strong> Town on Air Belgium have<br />

a stop in Johannesburg where they do not get off the plan. As<br />

volumes increase it is expected that <strong>Cape</strong> Town will get its own<br />

direct flight. Two-way passenger traffic showed a 50% recovery for<br />

the first six months of 2022, with 8 300 passengers flying between<br />

Brussels and <strong>Cape</strong> Town and for the first six months of 2022, 500<br />

tons of air cargo were flown between the two destinations. South<br />

African Airways (SAA) will now fly a direct, non-stop flight <strong>Cape</strong><br />

Town International Airport with São Paulo-Guarulhos International<br />

Airport in São Paulo, Brazil.<br />

George Airport now welcomes over 800 000 passengers each<br />

year and also serves as a national distribution hub for cargo such<br />

as flowers, fish, oysters, herbs and ferns. George Airport is Africa’s<br />

first airport to be solar powered. Plettenberg Bay Aerodrome hosts<br />

CemAir which flies to and from Johannesburg and <strong>Cape</strong> Town.<br />

Cargo movement for the whole province was the topic of<br />

the <strong>Western</strong> <strong>Cape</strong> Air Cargo<br />

Conference held for the<br />

first time in 2023. Hosted by<br />

Wesgro, <strong>Cape</strong> Town Air Access<br />

and Exporters <strong>Western</strong> <strong>Cape</strong>,<br />

the event brought together<br />

integrators, freight forwarders,<br />

local exporters, and domestic,<br />

regional and international airlines.<br />

Combining talks and networking<br />

opportunities with exhibitions<br />

from the airlines, the conference<br />

was intended to stimulate the<br />

province’s air cargo market.<br />

The owners of the <strong>Cape</strong><br />

Winelands Airport unveiled plans<br />

to further develop their property<br />

in December 2023. With support<br />

from the City of <strong>Cape</strong> Town, the<br />

R7-billion project is expected<br />

to open in 2027 if all of the<br />

processes such as environmental<br />

assessments can be completed<br />

and funding secured.<br />

What used to be known as<br />

the Fisantekraal Airfield is on the<br />

R312 which connects Durbanville<br />

with Paarl to the north of the<br />

N1 highway. Lockheed Ventura<br />

bombers used to fly in and out of<br />

the facility when it was a South<br />

African Air Force base, originally<br />

constructed during World War<br />

II. One of the existing airfield’s<br />

four runways is earmarked for<br />

realignment and extension to<br />

a Code 4F runway. It would be<br />

capable of accommodating widebody<br />

aircraft and new aircraft<br />

WESTERN CAPE BUSINESS <strong>2024</strong><br />

34 PHOTO: airspace-africa.com


Integrated plans<br />

parking stands will be constructed. The airport was renamed the<br />

<strong>Cape</strong> Winelands Airport when new owners bought the property<br />

in 2020.<br />

Several reasons have been advanced for the need for an<br />

alternative to <strong>Cape</strong> Town International Airport. The huge volumes<br />

being experienced at CTIA are expected to grow, both in terms of<br />

cargo and incoming tourists. The <strong>Cape</strong> Winelands Airport is well<br />

situated in terms of delivering tourists to attractive destinations<br />

such as the West Coast, Paarl and Stellenbosch.<br />

The airport also has the potential to make the <strong>Cape</strong> a more<br />

attractive destination for long-haul flights. At the moment,<br />

aeroplanes flying to <strong>Cape</strong> Town must carry enough fuel in reserve<br />

to be able to fly to an alternate airport if for some reason their<br />

intended destination is not able to accept them. This adds to the<br />

amount of fuel and therefore the weight of the plane. With the<br />

<strong>Cape</strong> Winelands Airport being only 25km from CTIA, noteworthy<br />

savings could be made in terms of weight and fuel consumption.<br />

Additional advantages include the fact that the site’s elevation<br />

at 400 feet means that it does not attract winter fog and the fact<br />

that the northern suburbs of <strong>Cape</strong> Town are growing fast.<br />

A new terminal, additional hangars and a cargo-processing<br />

facility are planned as part of the core development. In addition,<br />

hotel accommodation for passengers and flight students and a<br />

heliport are envisaged.<br />

The <strong>Cape</strong> Winelands Airport development team includes some<br />

experienced aviation hands. Board Chairman Dirk Ackerman was<br />

CEO of ACSA from 1995 to 2000 and Managing Director Deon<br />

Cloete ran CTIA between 2008 and 2021.<br />

The City of <strong>Cape</strong> Town<br />

conducted a feasibility study<br />

in the course of 2022 on taking<br />

over the management of<br />

passenger rail services from<br />

PRASA. The city wants to have<br />

a fully-integrated system,<br />

which would include rail.<br />

In 2022 the city’s Urban<br />

Mobility Directorate published<br />

an updated Comprehensive<br />

Integrated Transport Plan<br />

(CITP), outlining the strategies<br />

and plans for improving the<br />

transport environment in the<br />

metropole for five years to 2028.<br />

A range of new factors<br />

were considered in drafting<br />

the plan, such as the virtual<br />

disappearance of passenger<br />

rail as an option, the impact<br />

of the Covid-19 pandemic and<br />

the new trend towards remote<br />

working. According to the<br />

document, 58% of commuters<br />

use private vehicles to get to<br />

their destinations; 22% use<br />

minibus-taxis; 9% use bus<br />

services such as the MyCiTi<br />

and GABS; 2% use rail (a decline<br />

of 95% for the period 2012 –<br />

2022); and about 10% walk. ■<br />


Airports Company South Africa: www.airports.co.za<br />

Passenger Rail Agency of South Africa: www.prasa.com<br />

South African National Roads Agency: www.sanral.co.za<br />

Transport and Urban Development Authority: www.tct.gov.za<br />

PHOTO: MyCiTi<br />

35<br />

WESTERN CAPE BUSINESS <strong>2024</strong>


Tourism<br />

<strong>Cape</strong>tonians can now fly direct to São Paulo.<br />


Airport and cruise liners<br />

set records.<br />

The 317 000 two-way passengers who passed through<br />

<strong>Cape</strong> Town International Airport in December 2023 set<br />

a new record, as did the 145 000 cruise-ship passengers<br />

who docked at the Port of <strong>Cape</strong> Town between October<br />

2022 and May 2023.<br />

Both numbers attested to the attractiveness of the <strong>Western</strong><br />

<strong>Cape</strong> as a tourism destination, but also to the success of dedicated<br />

programmes designed to make travelling to the <strong>Cape</strong> easier for longhaul<br />

destination visitors. The Air Access <strong>Cape</strong> Town campaign, an<br />

initiative to entice airlines to <strong>Cape</strong> Town, created more than 750 000<br />

new inbound seats between its inception in 2015 and 2020, adding<br />

something like R6-billion to the provincial economy. Since then,<br />

several airlines have added <strong>Cape</strong> Town to their rosters, with LAM<br />

Mozambique Airlines’ inaugural flight from Maputo, Mozambique,<br />

touching down in December 2023. Bombardier CRJ-900s will fly the<br />

route three times per week. South African Airways (SAA) announced<br />

in June 2023 a direct, non-stop flight connecting <strong>Cape</strong> Town with São<br />

Paulo-Guarulhos International Airport in São Paulo, Brazil.<br />

Annual numbers for the airport also created a new record<br />

in 2023, with more than 2.8-million passengers passing the<br />

benchmark set in 2019.<br />

The Cruise <strong>Cape</strong> Town initiative saw a doubling of cruise ship<br />

visits in 2022/23, up to 75. Like Air Access, the cruise ship programme<br />

is led by Wesgro, the province’s investment promotion agency. On<br />

the last weekend of January <strong>2024</strong>, three cruise ships were docked at<br />

the <strong>Cape</strong> Town Cruise Terminal, releasing 3 100 passengers and 1 400<br />

crew to spend their foreign currency in the region.<br />


<strong>Cape</strong> Nature: www.capenature.co.za<br />

Garden Route and Klein Karoo: www.visitgardenrouteandkleinkaroo.com<br />

George Tourism: www.georgetourism.org.za<br />

Wesgro estimates that<br />

R1.9-billion in foreign direct<br />

tourism spend was injected<br />

into the <strong>Western</strong> <strong>Cape</strong><br />

economy in December 2023.<br />

Southern Sun reported good<br />

figures for that month across all<br />

segments, including leisure and<br />

business travel. The Southern Sun<br />

Cullinan, adjacent to the <strong>Cape</strong><br />

Town International Convention<br />

Centre (CTICC), will undergo a<br />

full winter refurbishment in <strong>2024</strong>.<br />

The CTICC enjoyed an excellent<br />

year in 2023.<br />

The <strong>Western</strong> <strong>Cape</strong> Provincial<br />

Government wants to promote<br />

education in the arts. Based on<br />

research which found that 6%<br />

of employment in South Africa<br />

is in the cultural sector, the<br />

<strong>Western</strong> <strong>Cape</strong> will expand the<br />

traditional STEM emphasis to<br />

include two additional As: Arts<br />

and Agriculture.<br />

Grand Parade Investments<br />

(GPI), which has sold some of its<br />

non-core assets such as Burger<br />

King, will delist from the JSE.<br />

The company intends to exit<br />

the gaming business where<br />

it has a minority share in Sun<br />

Slots, which operates limited<br />

payout machines (LPM). GPI is a<br />

shareholder in companies that<br />

operate casinos in the <strong>Western</strong><br />

<strong>Cape</strong> and, with a 15% stake<br />

in SunWest International, GPI<br />

is connected to the Table Bay<br />

Hotel and the CTICC. ■<br />

WESTERN CAPE BUSINESS <strong>2024</strong><br />

36<br />

PHOTO: Design Lab

International Public Art Festival<br />

comes to <strong>Cape</strong> Town<br />


The city became an open-air gallery for the eighth edition of a global showcase.<br />

<strong>Cape</strong> Town is stepping into the limelight<br />

as a global art destination. The eighth<br />

edition of the International Public Art<br />

Festival (IPAF), a transformative celebration<br />

of public art and creative collaboration,<br />

was held in city in February <strong>2024</strong>.<br />

Baz-Art, a pioneering non-profit organisation,<br />

proudly presented the festival with the theme “CoACT<br />

| C0LLAB”. This year’s edition aimed to redefine <strong>Cape</strong><br />

Town’s cultural landscape and highlight its emergence<br />

as a prominent global art destination.<br />

Local and international artists converged to create<br />

large-scale murals, turning the city into an openair<br />

gallery of diverse artistic expressions. The theme<br />

emphasises creative collaboration, breaking down<br />

barriers between different art forms, disciplines and<br />

cultures. This collaborative approach aims to redefine<br />

public spaces, making them vibrant hubs of cultural<br />

connection and community engagement.<br />

A highlight of IPAF <strong>2024</strong> was the blending of<br />

art and activism (“artivism”) to raise awareness on<br />

critical issues. The Rhino Project, featuring artist<br />

Roa from Belgium, unveiled a mural inspired<br />

by his time in a rhino conservation project in<br />

South Africa. The support from the Delegation of<br />

Flanders in South Africa was significant in realising<br />

this impactful initiative.<br />

Guided tours, starting at the Company’s<br />

Garden, offered an immersive experience, allowing<br />

participants to explore the city’s creativity. During<br />

the festival days, attendees witnessed the live artistic<br />

process of local and international artists. Additionally,<br />

Art in the Park Workshops catered to kids and seniors,<br />

making art accessible to all ages and fostering<br />

community engagement.<br />

About Baz-Art: Baz-Art is a non-profit organisation<br />

established in 2016, dedicated to producing art in<br />

public spaces and creating opportunities for street<br />

artists. Through initiatives like IPAF, Baz-Art aims to<br />

grow awareness of the impact of public and urban art,<br />

fostering creativity and community engagement. ■<br />

PHOTOS: Kyle Judd Smith, Filmshark Studios


Education<br />

Climate change is trending in academic circles.<br />


UCT’s Neuroscience Institute has<br />

received a R200-million donation.<br />

A <strong>Cape</strong> Town mountain fire.<br />

A<br />

consortium has been launched to study urban health<br />

in African cities in the time of climate change.<br />

The Cascading Climate and Health Risks in African Cities<br />

(CASCADE) consortium was officially launched in November<br />

2023 with a mission to advance the understanding of critical urban<br />

health challenges faced by African cities and to suggest effective<br />

interventions. CASCADE is led by two University of <strong>Cape</strong> Town (UCT)<br />

academics, Dr Chris Jack and Professor Bruce Hewitson of the Climate<br />

System and Analysis Group (CSAG).<br />

With nearly 60% of Africa’s population expected to be living in cities<br />

by 2050, the challenges brought by local and global climate change<br />

will make the delivery of clean water and services even tougher than<br />

at present. <strong>Cape</strong> Town has experienced the extremes of drought and<br />

regular fires in recent years, with the spectre of “Day Zero” in terms of<br />

water availability in 2017 proving a wakeup call that garnered international<br />

attention. Partners in the CASCADE project include the University of<br />

Ghana, Chinhoyi University of Technology, Makerere University, the Global<br />

Change Institute (University of Witwatersrand) and the Nairobi-based<br />

African Population and Health Research Center (APHRC).<br />

News from two of the <strong>Western</strong> <strong>Cape</strong>’s other tertiary institutions<br />

supports the idea that climate-related studies are gaining more<br />

attention. Additional funding for postgraduate students in the fields<br />

of energy and water-related studies has been made available by the<br />

Energy and Water Sector Education and Training Authority (EWSETA).<br />

In terms of an agreement with the South African Institute for Advanced<br />

Materials Chemistry (SAIAMC) at the University of the <strong>Western</strong> <strong>Cape</strong>,<br />

EWSETA has extended bursary<br />

funding to eight students in<br />

exciting and diverse areas of<br />

study. These include a cellphone<br />

application that processes thermal<br />

energy storage data to a shearenhanced<br />

flotation technology,<br />

a primary wastewater treatment<br />

technology capable of removing<br />

99.7% of suspended solids from<br />

winery wastewater in seconds.<br />

The Chemical Industries<br />

Education and Training Authority<br />

(CHIETA) has collaborated with<br />

the Centre for Entrepreneurship<br />

Rapid Incubator (CFERI) at False<br />

Bay TVET College to offer a<br />

six-month entrepreneurship<br />

programme with a focus on the<br />

opportunities on offer in the<br />

green economy. CFERI is based at<br />

the college’s Westlake Campus.<br />

Old-fashioned libraries<br />

continue to provide the public<br />

with access to the world of<br />

books. The <strong>Western</strong> <strong>Cape</strong> has<br />

the country’s biggest library<br />

network with 377 public<br />

libraries, all but seven of which<br />

have free Internet facilities.<br />

The province’s I-CAN centres<br />

allow for public access to digital<br />

skills programmes, WiFi and<br />

business services. The centres<br />

are divided into zones (including<br />

Create, Study and Learn) and<br />

printing, graphic design and<br />

laminating services are available.<br />

The Provincial Government<br />

of the <strong>Western</strong> <strong>Cape</strong> has invested<br />

WESTERN CAPE BUSINESS <strong>2024</strong><br />

38<br />

PHOTO: Sky Pixels/ Wikimedia Commons


Dispersed-air-flotation rig with shear-induced flotation.<br />

more than R1.6-billion in e-learning over the last five years in response<br />

to Covid and the demands of remote learning. A total of 1 290 schools<br />

within the province now have broadband connectivity and there are<br />

1 316 with computer labs and 9 992 smart classrooms (SOPA).<br />

The CHIETA SMART Skills Centre has been launched in Saldanha<br />

Bay. The Chemical Industries Education and Training Authority intends<br />

for the R3-million facility to help citizens learn digital skills.<br />

The University of <strong>Cape</strong> Town joined the trend with the creation of an<br />

online high school. The school hopes to close the opportunity gap for<br />

poor students in under-resourced areas.<br />

The University of <strong>Cape</strong> Town has more than 21 500 students, 720<br />

permanent staff and 39 A-rated researchers (40% of South Africa’s<br />

total). In <strong>2024</strong>, a donation of R200-million from the Donald Gordon<br />

Foundation to the university’s Neuroscience Institute was announced.<br />

Stellenbosch University is linked to Stellenbosch’s growing<br />

reputation as a technology hub. The University of the <strong>Western</strong> <strong>Cape</strong> is<br />

home to several national research bodies. These three institutions, plus<br />

the <strong>Cape</strong> Peninsula University of Technology, produce approximately<br />

12 000 science, technology, engineering and mathematics graduates<br />

every year and host 11 000 students from other African countries.<br />

University education is available in George through the Nelson<br />

Mandela University (NMU): Saasveld is home to the School of<br />

Natural Resource Management and the York Street Campus delivers<br />


Apprenticeship Game Changer: www.westerncape.gov.za<br />

Centres of Specialisation: www.dhet.gov.za<br />

SA Renewable Energy Technology Centre: www.saretec.org.za<br />

TVET colleges: www.tvetcolleges.co.za<br />

courses in business and social<br />

science, accounting and business<br />

management.<br />

Unisa, the country’s biggest<br />

distance-learning institution, has<br />

a campus in <strong>Cape</strong> Town and a<br />

service centre in George. SARETEC<br />

offers industry-specific training<br />

in a new economic sector. The<br />

South African Renewable Energy<br />

Technology Centre is managed by<br />

the <strong>Cape</strong> Peninsula University of<br />

Technology (Bellville campus) but<br />

it collaborates with several other<br />

institutions and private companies.<br />

A Centres of Specialisation<br />

Programme has been introduced<br />

by the Department of Higher<br />

Education and Training to tackle<br />

priority skills. The College of <strong>Cape</strong><br />

Town TVET concentrates on<br />

plumbing and automotive motor<br />

mechanics. A welding academy<br />

in Thornton has been opened<br />

with support from the merSETA<br />

(Manufacturing, Engineering and<br />

Related Services SETA).<br />

Outside of the <strong>Cape</strong> metropole,<br />

Boland College looks after<br />

Stellenbosch, Worcester, Paarl<br />

and Caledon, while the Southern<br />

<strong>Cape</strong> College covers a wide area,<br />

from George to Beaufort West. The<br />

West Coast College also has a big<br />

catchment area.<br />

Two business schools have<br />

taken up new premises in<br />

<strong>Cape</strong> Town. Henley <strong>Business</strong><br />

School is offering four of its<br />

accredited qualifications, three<br />

at undergraduate level, and its<br />

honours-level Postgraduate<br />

Diploma in Management Practice<br />

from its Brickfield campus in<br />

Woodstock. Students at the Regent<br />

<strong>Business</strong> School in The Boulevard<br />

Office Park also have full access to<br />

the iLead lab and Black Umbrellas<br />

business incubation hub. ■<br />

WESTERN CAPE BUSINESS <strong>2024</strong><br />

40<br />


WECBOF<br />

makes it happen!<br />

The <strong>Western</strong> <strong>Cape</strong> <strong>Business</strong><br />

Opportunities Forum (WECBOF)<br />

provides a platform for businesses<br />

to establish and maintain contact with<br />

fellow entrepreneurs; to have access to<br />

opportunities, information and training;<br />

and to have representation on a number<br />

of relevant forums of government and<br />

other associations focussed on growing<br />

and enhancing the commercial sector,<br />

with a specific focus on small-, medium-,<br />

and micro enterprises (SMMEs).<br />

WECBOF is widely recognised and<br />

respected as a powerful voice for<br />

business in the <strong>Western</strong> <strong>Cape</strong>; we are a<br />

provincial service organisation with our<br />

focus and attention firmly on the national<br />

and international business pulse.<br />


+27 21 946 2519<br />

office@wecbof.co.za www.wecbof.co.za<br />

www.facebook.com/wecbof/<br />

@wecbof<br />

A powerful voice for business.<br />

Where entrepreneurs excel.


Development finance<br />

and SMME support<br />

Access to funding is being prioritised.<br />

Small-business owners chosen to attend a Capital Matching<br />

event in 2023 had to put in some sweat equity before they<br />

could get in the room with potential funders.<br />

A collaboration between the <strong>Western</strong> <strong>Cape</strong> Department<br />

of Economic Development and Tourism (DEDAT) and the JSE aims<br />

to improve access to capital for SMMEs over a three-year period.<br />

The 2023 event was five months in the making, with business<br />

owners having to meet certain qualifying criteria before being<br />

expected to attend “rigorous capital-readiness workshops”.<br />

More than 80 SMEs were then exposed to funders such as<br />

African Bank, ABSA, Nedbank, the National Empowerment Fund<br />

(NEF), Small Enterprise Development Agency (SEDA), Esquared,<br />

Creative GrowthCap, <strong>Business</strong> Partners, Sourcefin, EdgeGrowth,<br />

AltVest, DEDAT and JSE Private Placements. These funding<br />

institutions offered products ranging from debt solutions,<br />

equity solutions (angel and venture capital), enterprise supply<br />

development (ESD) and grant funding.<br />

Another DEDAT initiative saw 1 000 students selected for<br />

training in <strong>Business</strong> Process Outsourcing, a sector which created<br />

about 10 000 new jobs in the year to March 2023. The “Day of 1 000<br />

Opportunities”, pictured, attracted many young people to Athlone<br />

Stadium in August 2023 and was an illustration of the provincial<br />

government’s “Growth for Jobs” strategy.<br />

Among the initiative’s other partners were <strong>Cape</strong>BPO, the Jobs<br />

Fund through the National Treasury, the College of <strong>Cape</strong> Town, the<br />

BPO Skills Academy, Futur-Ed and the City of <strong>Cape</strong> Town. Futur-Ed<br />

is a support structure consisting of a blended e-learning model for<br />

youth who excel at STEM subjects at school.<br />

The <strong>Business</strong> Hub is a City of <strong>Cape</strong> Town initiative that gives<br />

advice to entrepreneurs. In the first six months of 2022, 973<br />

entrepreneurs participated in skills training offered by the Hub.<br />

The Hub partners with Productivity SA and the South African<br />

Renewable Energy Incubator in promoting SMMEs. Access to the<br />

Hub is free via Smart <strong>Cape</strong> Services at libraries in the city or where<br />


<strong>Cape</strong> BPO: www.capebpo.org.za<br />

SA SME Fund: sasmefund.co.za<br />

Small Enterprise Development Agency: www.seda.co.za<br />

Small Enterprise Finance Agency: www.sefa.org.za<br />


College of <strong>Cape</strong> Town offers<br />

training in BPO skills.<br />

free Wi-Fi is provided in all city-run<br />

buildings.<br />

Two of the <strong>Western</strong> <strong>Cape</strong>’s<br />

universities, Stellenbosch and<br />

<strong>Cape</strong> Town, are among the first<br />

collaborators with the University<br />

Technology Fund (UTF) which aims<br />

to commercialise innovations and<br />

inventions coming out of tertiary<br />

institutions. The UTF has financial<br />

clout as it is a part of the South<br />

African SME Fund, an offshoot of<br />

the CEO Initiative which brought<br />

together 50 major corporations, the<br />

Public Investment Corporation, the<br />

Unemployment Insurance Fund and<br />

the Compensation Fund. Among<br />

the businesses receiving support<br />

from the SA SME Fund is Hyrax, a<br />

company which emerged from<br />

research done at the University of<br />

the <strong>Western</strong> <strong>Cape</strong> into which HIVpositive<br />

people were resistant to<br />

certain drugs. ■<br />

WESTERN CAPE BUSINESS <strong>2024</strong><br />

42<br />

PHOTO: Futur-Ed

Banking and financial services<br />

Acquisitions accelerate in the financial sector.<br />



Assupol will delist<br />

from the CTSE.<br />

The purchase by Sanlam of Assupol means that the smaller<br />

company’s ordinary shares will be delisted from the <strong>Cape</strong><br />

Town Stock Exchange, pictured, left.<br />

<strong>Cape</strong> Town-based Sanlam, South Africa’s biggest insurer,<br />

paid R6.5-billion for Assupol, which started life as a burial society for<br />

the South African police and continues to have a strong presence in<br />

the country’s northern provinces although it now offers life insurance<br />

and other financial products.<br />

Sanlam, established in 1918 as a life insurer, is now a financial<br />

services company with five main divisions, including Corporate,<br />

Personal Finance and Emerging Markets. Santam focusses on shortterm<br />

insurance. With its headquarters in Bellville, Sanlam is Africa’s<br />

largest insurance company.<br />

Sanlam Investments has launched a Sustainable Infrastructure<br />

Fund which primarily invests in senior or subordinated debt across a<br />

wide range of South African infrastructure assets, with the ability to<br />

invest up to 10% in equity.<br />

Another large financial services group, Alexforbes, which has more<br />

than R450-billion in assets under management, acquired 100% of<br />

OUTvest in 2023. OUTsurance has decided to concentrate on its shortterm<br />

insurance business while the addition of OUTvest to Alexforbes’<br />

portfolio gives that group enhanced digital capability.<br />

The <strong>Western</strong> <strong>Cape</strong>’s evolution into a technology hub is one of the<br />

reasons why one of South Africa’s newest stock exchanges chose to<br />

move to the <strong>Cape</strong> and rebrand as <strong>Cape</strong> Town Stock Exchange.<br />

This trend is also persuading banks, insurance providers, asset<br />

managers and venture capitalists to choose to relocate. There are<br />

more than 40 000 jobs in the technology sector (more than double<br />


Financial Sector Conduct Authority: www.fsca.co.za<br />

Insurance Institute of South Africa: www.iisa.co.za<br />

South African Institute of Chartered Accountants: www.saica.co.za<br />

the total of Nairobi and Lagos<br />

combined, Wesgro) and formal<br />

employment in the financial<br />

sector exceeds 50 000.<br />

Together with business<br />

services, the financial sector<br />

comprises the biggest<br />

contributor to the provincial<br />

economy. According to Wesgro,<br />

75% of the venture capital deals<br />

that happen in South Africa<br />

originate in the <strong>Western</strong> <strong>Cape</strong>.<br />

Most financial firms based in<br />

<strong>Cape</strong> Town have a long history,<br />

some going back as far as<br />

1845 when Old Mutual started.<br />

One of the most successful<br />

disruptors in recent times has<br />

been Stellenbosch-based<br />

Capitec Bank.<br />

The head offices of<br />

financial firms are dotted<br />

all over <strong>Cape</strong> Town. These<br />

include Old Mutual and Foord<br />

(Pinelands), Futuregrowth<br />

and Coronation (Newlands),<br />

Prudential (Claremont), Sygnia<br />

(Green Point), Sanlam (Bellville)<br />

and Allan Gray (Waterfront).<br />

PSG has its headquarters<br />

in Stellenbosch and is well<br />

represented in rural towns.<br />

Insurers such as Santam and<br />

Metropolitan Life are based in<br />

Bellville. Nomura, a Japanese<br />

financial holding company,<br />

has a presence in the <strong>Cape</strong><br />

through Nomura South Africa<br />

which offers investment<br />

banking services. ■<br />

PHOTO: John Young<br />

43 WESTERN CAPE BUSINESS <strong>2024</strong>

INDEX<br />

INDEX<br />

<strong>Cape</strong> Chamber of Commerce & Industry...................................................................................................IFC<br />

College of <strong>Cape</strong> Town...............................................................................................................................................39<br />

Council for Scientific and Industrial Research (CSIR).............................................................................23<br />

Lesedi Nuclear Services................................................................................................................................... 28-31<br />

Nedbank.............................................................................................................................................................................. 7<br />

Telkom............................................................................................................................................................14-15, OBC<br />

Vinpro.................................................................................................................................................................................21<br />

<strong>Western</strong> <strong>Cape</strong> <strong>Business</strong> Opportunities Forum (WECBOF)..................................................................41<br />

<strong>Western</strong> <strong>Cape</strong> Department of Economic Development and Tourism.....................................8-9<br />






WESTERN CAPE BUSINESS <strong>2024</strong><br />


FOCUS<br />

Save our Beach Huts<br />

A campaign is underway to restore <strong>Cape</strong> Town’s<br />

colourful landmarks.<br />

Credit: A Gorman Photography<br />

The Beach Huts of <strong>Cape</strong> Town have been<br />

around since the late 1800s. Over their lifetime<br />

they have changed significantly, eventually<br />

becoming the colourful huts we see today.<br />

They have always been a feature of our beaches.<br />

These structures have risen to iconic status,<br />

outgrowing their practical usefulness. Their true<br />

value lies in being an instantly recognisable image<br />

and arguably South Africa’s most iconic man-made<br />

structures. They occupy a significant portion of<br />

South Africa’s global brand image. The importance<br />

of this for attracting tourism to our country cannot<br />

be overstated.<br />

Tourism, a large source of foreign direct income,<br />

has an important role to play in alleviating poverty<br />

and creating opportunities for all South Africans.<br />

Tourism is everybody’s business.<br />

The Beach Huts have been falling into disrepair<br />

for some time. A harsh environment, complex<br />

Contact details<br />

The Beach Hut Trust:<br />

Angela Gorman<br />

Mobile: 079 504 1933<br />

Email: info@beachhuts.org.za<br />

municipal structures and more pressing socioeconomic<br />

issues have resulted in the nearcollapse<br />

of this iconic infrastructure. The Beach<br />

Huts are as important to South Africa as the<br />

Statue of Liberty or the Eiffel Tower is to New<br />

York and Paris.<br />

The SAVE OUR BEACH HUTS campaign, run<br />

by The Beach Hut Trust, is a public and private<br />

collaborative initiative. The objectives are to<br />

Preserve, Protect and Promote the Beach Huts,<br />

<strong>Cape</strong> Town’s most iconic structures. To us, they<br />

represent opportunity and hope for South<br />

Africa. To the world, they represent a reason to<br />

travel here.<br />

We aim to create employment, restore an<br />

icon, promote tourism and generate a Beach<br />

Beach Huts-inspired industry that will sustain<br />

them indefinitely. The opportunities are endless<br />

and we are calling on all businesses to see<br />

how they can help support the programme to<br />

#SaveOurBeachHuts. ■<br />

Daniel Blaauw<br />

Mobile: 081 776 6522<br />

Email: info@beachhuts.org.za<br />


Aim higher and connect more with<br />

Telkom Naledi packages.<br />

Elevate your team to new heights with exclusive Telkom Naledi packages<br />

that offer great office connectivity solutions and value.<br />

Next-level connectivity. Groundbreaking<br />

mobile solutions.<br />

Telkom Naledi Gold<br />

• Uncapped data<br />

• 20GB streaming data<br />

• Unlimited Closed-User Group<br />

Minutes (Telkom-to-Telkom calls<br />

including Telkom landline)<br />

• 200 Other-Network Minutes<br />

• Unlimited SMSs<br />

• SIM-only R350<br />

• Mobile service with mobile device<br />

Telkom Naledi Platinum<br />

• Uncapped data<br />

• 20GB streaming data<br />

• Unlimited Closed-User Group<br />

Minutes (Telkom-to-Telkom calls<br />

including Telkom landline)<br />

• 600 Other-Network Minutes<br />

• Unlimited SMSs<br />

• SIM-only R500<br />

• Mobile service with mobile device<br />

Streaming data can be used for YouTube, Facebook, Facebook Messenger,<br />

Twitter, Instagram, LinkedIn and WhatsApp.<br />

Book an appointment for the full presentation.<br />

Email us at RT15enquiries@telkom.co.za

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!