Manufacturing Diesel locomotive engines are powering up in Montague Gardens.
diverse manufacturing sector contributes 15% to the Western Cape’s GDP and the renewable energy sector holds huge potential for further growth. Growth in the manufacturing sector between 2003 and 2013 averaged 2.2% and the Provincial Economic Review and Outlook (Western Cape Treasury 2015) predicts the same level of growth to 2020. A recent Moody’s report on the green economy in Africa states that South Africa is growing the fastest in that sector in Africa, and at one of the fastest rates in the world. The Western Cape is driving a green economy manufacturing strategy focussed on the suburb of Atlantis. At this stage, some 70% of South Africa’s manufacturing in renewables is happening in the Western Cape. Even an established investor such as fridge manufacturer Hisense is exploring ways to make its product greener, either through its own processes or encouraging its suppliers to go down that route. WESTERN CAPE BUSINESS 2017
SECTOR INSIGHT Seda has launched an enterprise incubator at False Bay TVET College. • Cape Town’s catamaran builders are world leaders.
Investment agency Wesgro has noted the following major investments into the Western Cape since 2003: Hisense, KimberlyClark, Tellumat, Exar Corporation, GlaxoSmithKline and General Electric.