South Africa: A defining week was observed for growth and investment in Cape Town and the Western Cape. Together they hosted three landmark global gatherings last week, which were the Regional Leaders Summit, the International Women’s Forum (IWF) Cornerstone Conference, and the Western Cape Investment Summit (WCIS).
Reportedly, these events brought together leaders, investors, and policymakers to advance inclusive, sustainable growth and strengthen regional and international collaboration.
Wesgro, the official tourism, trade and investment promotion agency for Cape Town and the Western Cape at global level, was proud to support these events, facilitating strategic connections between investors and high-impact opportunities across the priority sectors of the province.
With over 500 investors and 1,600 meetings, the Western Cape Investment Summit generated real momentum towards the shared vision for building a R1 trillion inclusive economy by the year 2035.
They extended a heartfelt thank you to the organisers – the Western Cape Government, partners and sponsors, and the many investors and funders who showed up with energy, ideas, and commitment to the region’s future.
Considering this, CEO of Wesgro – Wrenelle Stander said that this was the final day of a series of international conferences that have taken place right here in Cape Town and in the Western Cape.
First was the Regional Leader Summit where leaders from six different regions around the world came together in the Western Cape and shared ideas and opportunities for what can be done. Going forward, on the final day of the Western Cape Investment Summit, they hosted over 400 investors and businesses wanting to match and speak to each other and work together.
They also had the International Women’s Forum taking place with a whole range of women from a whole range of different countries congregating in the Western Company hope that ultimately all of this helps us to achieve a goal of a R1-trillion economy.
Premier Alan Winded expressed that the Western Cape Inaugural Investment Summit has been a major success. Everybody’s been really over the moon. She has been excited because of the international involvement from their own regional partners, but many international investors coming out partnering with the local investment.
Also, they set a target of 200 billion dollars in the deal book. They ended up with just sort of 500 billion dollars in that deal book. He said that he looked at the meetings where investors were meeting with projects and up until more than 1500 meetings had already happened.
So this really so well for pushing towards the R1 trillion economy here in the Western Cape. Investment is how you create jobs and grow the economy and specifically those jobs for the residents. So far so good and I’m really looking forward to the pipeline delivering on factories on investment, new companies and partnerships that take this province to the next level.
The event was a huge success. Asset managers, the bankers and people from around the world have shown interest in investing in the Western Cape because this is the investment destination, which turned the event into opportunities.