JOHANNESBURG – The Western Cape, run by the main opposition Democratic Alliance, on Thursday expressed its support for an investment conference convened by President Cyril Ramaphosa and said it would use it to showcase opportunitites in the province.
Ramaphosa announced the October 25 to 27 summit during his state of the nation address in February as part of efforts to boost confidence in the country's economy and help spur sustainable and inclusive growth. He will officially open it on Friday.
Western Cape minister of economic opportunities Alan Winde said the province would showcase its thriving tech and finance hubs, world class infrastructure and a wide skills base.
"We are open for business," he said. "We believe that by driving South Africa as an economically viable investment destination, we can help tackle the pressing issues of poverty and unemployment.”
Head of the Western Cape department of economic development and tourism Solly Fourie said the summit aligned with the province's strategy for driving economic growth and job creation through promoting trade and investment in oil and gas, tourism, agri-processing, green economy, marine economy, ICT and film and media promotion.