CAPE

Western Cape is one of the hottest investment destinations on the African continent

Lying at the southernmost tip of Africa is the South African province of Western Cape. Mountains, farmland, desert-like terrain, golden beaches, and UNESCO World Heritage sites all make up the eclectic patchwork of this beautiful region. A gateway to Africa for investors, Western Cape is also an economically dynamic, investment-focused region.

The third-largest economy in South Africa, the province of Western Cape contributes almost 14% to the national economy. Cape Town, the capital and largest city, is also the country’s second-wealthiest city and the economic hub of the region. Higher than the South African average, growth for the Western Cape is predicted to be 2.1% this year, increasing to 2.8% by 2018. 

The province of the Western Cape and the city of Cape Town have successfully fostered an environment that is conducive to both investment and growth. Both the Integrated Development Plan (IDP) and the Provincial Strategic Plan (PSP) are closely tied to the priorities of the National Development Policy (NDP), and both focus on creating economic growth through infrastructural investment.