The Tourism, Trade and Investment promotion agency for the Western Cape, WESGRO, has locked down over R4 billion of new direct investment into the provincial economy.
Despite a global economic downturn and the energy crisis in South Africa, the organisation says the province continues to attract serious business.
More than 50 % of these investments are in the green economy and around 17% in the pharmaceutical industry. Over the next five years, projects such as the manufacturing of solar equipment and cold storage for the health sector will take place.
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