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SPECIAL FEATURE is the lead agent in the creation of SEZs, which form part of the national Industrial Policy Action Plan (IPAP).

economy. Many of South Africa’s biggest companies have their headquarters in Cape Town. Asset management and venture capital companies have been growing steadily. Although agriculture only accounts for 4.3% of GDP on its own, the sector is responsible for the fruit and vegetables that contribute to agri-processing which accounts for nearly 40% of the province’s export basket. (Agri-processing accounts for 8.1% of GDP.) Citrus, wine, apples and pears, grapes, fruit juice, fruit and nuts and tobacco all appear in the top 10 of the province’s exports. Seventy percent of South Africa’s beverage exports come from the Western Cape. Grapes and wine sales to Europe remain very strong but the Chinese market is becoming increasingly important. Refined petroleum was the single biggest earner for the Western Cape in 2015, with exports valued at R18.2-billion (Wesgro). The province has a diverse manufacturing sector ranging from textiles, clothing, footwear and furniture to coke and refined petroleum products. Excluding agri-processing, other manufacturing makes up 6.9% of GDP.

Special Economic Zones The Western Cape has two zones designated as Special Economic Zones (SEZs) although the Atlantis SEZ is still awaiting official proclamation. The National Department of Trade and Industry (dti) WESTERN CAPE BUSINESS 2018

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Atlantis The suburb of Atlantis was one of apartheid’s bad experiments that left residents stranded far north of the metropolis. The planned Special Economic Zone with a focus on green technology has started changing that reality. Several important investments have been made into the area. Spanish wind tower manufacturer Gestamp Renewable Industries (GRI), has added to its initial investment of R300-million. Others include Resolux (R25-million) which makes internal components of wind turbines; Kaytech (a geotextiles firm) has recently expanded (R130-million) as has Skyward Windows (double glazing, R50-million). Altogether, there has been about R680million invested in Atlantis in the green technology field. Chinese giant Hisense established a high-tech factory in Atlantis in 2013, and is keen to expand its investment down the value chain, especially using green technology to make more efficient fridges and television sets. Saldanha Bay The Saldanha Bay Industrial Development Zone has formally been in existence since 2013 and it has ambitious plans to tap further into the burgeoning oil rig maintenance and repair business. About 130 rigs round the Cape every year, and South Africa attracts only a tiny fraction of them to its ports. The SBIDZ dovetails neatly with two broader plans: Operation Phakisa (the national government’s strategy to unlock value from the Oceans Economy) and Project Khulisa, the targeted growth strategy of the Western Cape Provincial Government which includes servicing and repairing of oil rigs as a priority. Priority sectors at Saldanha are upstream Oil and Gas, and Marine Engineering and Services, and 32 companies have already signed up as investors in the IDZ. Three major projects are under way or in the planning

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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