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SPECIAL FEATURE

Elsewhere in the province, boreholes are being dug but longer-term plans will have to worked out to deal with the problem. One idea being mooted in Cape Town is the creation of suburban underground reservoirs to collect stormwater from run-off. Tourism is a sector where the Western Cape has been strong for many years, but the current levels are providing a material boost to the economy in many parts of the province. Each region has its strengths and there is terrific diversity on offer. A new area of strength in the Western Cape is technology. France has officially designated the city as one of six global French Tech Hubs, together with the likes of San Francisco, Tel Aviv and New York. French Tech Labs was launched as a fintech incubator at Century WESTERN CAPE BUSINESS 2018

City in 2016 and the British bank, Barclays Bank, has also invested in a fintech incubator in Cape Town, Rise. There are six other Rise sites around the world, including New York, Vilnius and Mumbai. The presence of French and British firms points to an interesting new reality which will soon come into force, namely Britain’s exit from the European Union. South Africa will need to renegotiate treaties with Britain as a free-standing nation and France has already signalled that it wants to start doing more business with and in South Africa. AfricArena 2017, a technology conference expressly designed to link African technology innovators with “international technology stalwarts”, was surely part of that drive, co-hosted as it was by La French Tech Cape Town and Silicon Cape.

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Western Cape Business 2018  

The 2018 edition of Western Cape Business is the 11th issue of this highly successful publication that, since its launch in 2005, has estab...

Western Cape Business 2018  

The 2018 edition of Western Cape Business is the 11th issue of this highly successful publication that, since its launch in 2005, has estab...

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