Western Cape Business 2023

A unique guide to business and investment in the Western Cape, the 2023 edition of Western Cape Business is the 16th 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 how the province’s Special Economic Zones have the potential to shift the energy debate in the Western Cape. The Atlantic Special Economic Zone is positioning itself as a greentech hub and wants to attract manufacturers in the renewable energy sector and automobile component manufacturers for the electronic era. It is encouraging tenants to reduce carbon emissions and use renewable energy. Up the coast at the Saldanha Bay Industrial Development Zone, the provincial government has not given up hopes of persuading national government to site a gas plant there, but in the meantime the race for green hydrogen might have supplanted the original wish. An expert from the Council for Scientific and Industrial Research (CSIR) provides insights into green hydrogen in a two-page article.

OVERVIEW Banking and

OVERVIEW Banking and financial services Infrastructure funds are attracting investors. SECTOR INSIGHT The Cape Town Stock Exchange is in Woodstock. Big infrastructure projects like the Berg River Dam need financing. Credit: WRC Sanlam, established in 1918 as a life insurer, is now a financial services company with five main divisions, including Corporate, Personal Finance and Emerging Markets. Santam focusses on short-term insurance. With its headquarters in Bellville, Sanlam is Africa’s largest insurance company. Sanlam Investments has launched a Sustainable Infrastructure Fund which primarily invests in senior or subordinated debt across a wide range of South African infrastructure assets, with the ability to invest up to 10% in equity. The South African state has promised a huge infrastructure drive but in the context of climate change, the investment community is increasingly putting emphasis on sustainability. Sanlam Group will invest R6-billion in the fund and aims to attract a further R5-billion from institutional investors. Investments will be made in housing, transport, health, water, waste, communication, conventional energy and renewable energy, a fast-growing sector with enormous potential. The Western Cape’s evolution into a technology hub is one of the reasons why one of South Africa’s newest stock exchanges chose to move to the Cape and rebrand as Cape Town Stock Exchange. This trend is also persuading banks, insurance providers, asset managers and venture capitalists to choose to relocate. There are more than 40 000 jobs in the technology sector (more than double the total of Nairobi and Lagos combined, Wesgro) and formal employment in the financial sector exceeds 50 000. Together with business services, the financial sector comprises the ONLINE RESOURCES Financial Sector Conduct Authority: www.fsca.co.za Insurance Institute of South Africa: www.iisa.co.za South African Institute of Chartered Accountants: www.saica.co.za biggest contributor to the provincial economy. According to Wesgro, 75% of the venture capital deals that happen in South Africa originate in the Western Cape. Most financial firms based in Cape Town have a long history, some going back as far as 1845 when Old Mutual started. One of the most successful disruptors in recent times has been Stellenbosch-based Capitec Bank. The African Institute of Financial Markets and Risk Management (AIFMRM) aims is to meet the demands for skills by developing local talent. It is supported by the Western Cape Provincial Government, the University of Cape Town, Barclays Africa Group, FirstRand and Liberty. The head offices of financial firms are dotted all over Cape Town. These include Old Mutual and Foord (Pinelands), Futuregrowth and Coronation (Newlands), Prudential (Claremont), Sygnia (Green Point), Sanlam (Bellville) and Allan Gray (Waterfront). PSG has its headquarters in Stellenbosch and is well represented in rural towns. Insurers such as Santam and Metropolitan Life are based in Bellville. Nomura, a Japanese financial holding company, has a presence in the Cape through Nomura South Africa which offers investment banking services. ■ WESTERN CAPE BUSINESS 2023 46

The Evolution of loveLife 1999-2021 - 22 years of promoting Youth Health 1999: Getting SA talking Frequently controversial, and always on the side of young people, loveLife captured the imagination of a generation growing up in the thick of the largest HIV epidemic on earth by making public one of the most taboo topics: sex. 2000 to 2003: Building cutting-edge programmes loveLife combined a celebrated and controversial multimedia campaign with in-school programmes led by dynamic young leaders – better known as loveLife groundBREAKERs.The loveLife Games School Sports programme brought excitement to every corner of the country, specific programmes for parents, an exceptionally busy Contact Centre, and a host of community based activities including support of other non governmental organizations. In 2003, loveLife’s “Everyone he’s slept with, is sleeping with you” billboard became its most popular. 2004 to 2007: Growing our reach Research conducted by the Reproductive Health and Research Unit showed interaction with loveLife lowered odds of HIV infection, resulting in an intensive roll-out of the groundBREAKER programme. This painted an optimistic picture for SA youth and messaging steered toward achieving this brighter future a reality with “love to be there” campaign. 2008 to 2011: A brave new world By 2008, new infections among young people aged between 15 to 24 had been halved – but trends in HIV infection showed a need for targeted campaigns toward marginalised youth most affected by the ailing economy. Through innovative interventions like Foxy Chix and MYMsta, the “NAKANJANI” campaign promoted a spirit of resilience among youth. 2015: Powering the FUTURE loveLife’s new focus is unlocking the power of youth leadership for HIV prevention. loveLife has focused on unlocking the power of youth leadership for Youth Health throughout its existence. The next phase development is all about using that youth leadership as the dynamo future growth and sustainability. The loveLife vision moving forward is “A better future powered by the energy and idealism of young people’. This means that we are building on insights of our evaluation (published 2013) by the Human Sciences Research Council (HSRC). This study showed that while loveLife programmes have an impact, young people concerns are broad and serious. Many young people internalise their failure when they struggle to access opportunities after school. This situation could be reversed, as young people have the ability to substantially change the environment in which they find themselves. Our response is to create bridges of opportunity for all young people. The infrastructure of loveLife programmes has been revamped to deliver a new proposition to young people: a proposition that we spell out as POWERING THE FUTURE. 2012 to 2014: Focusing on our strengths By 2012, loveLife was the largest schools-based social change programme in the country! loveLife used this opportunity to reposition itself so that it remained relevant to SA youth. 2017: lovelife’s Vision Positioning itself as a leader in Youth Health Promotion, lovelife envisaged to promote social activism for Healthy & Active Lifestyle and HIV consciousness amongst youth. 2018: loveLife launches the BoyChild initiative, boys with a total sense of physical, mental and social well-being are key to safe communities. 2019: loveLife turns 20 years, a milestone achievement as it celebrates two decades of being an important contributor to empowering the lives of South African youth. 2020: lovelife carves a niche for in Digital Media by providing programme content in the midst of the COVID19 pandemic. 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021