The City of Cape Town on Monday announced it has facilitated R1.2 billion worth of investment and created 1,380 jobs during the first few months of 2018.
“Today, I am pleased to announce the City of Cape Town has, through its support of Wesgro and special-purpose small- and medium-sized enterprise (SME) vehicles, facilitated R1.2 billion worth of investment during the first few months of 2018,” said Cape Town mayor Patricia de Lille.
“The City’s support of sector-specific interventions ensured that 1,380 job opportunities were created and 274 people were trained between January and March 2018.
“These results are proof of our efforts undertaken in line with the organisational development and transformation plan’s goals to ensure economic inclusion,” De Lille added.
According to De Lille, Cape Town is steadfast in its commitment to building an opportunity city where the economy thrives and employment grows each year. The City has identified priority sectors with the potential to grow and develop the city’s economy, she said, adding that those sectors included information communication and technology (ICT), business process outsourcing (BPO), craft and design, clothing, textiles and fashion, and renewable energy, amongst others.
“It is encouraging to see sector bodies like the Business Process Enabling South Africa- Western Cape (BPESA WC) facilitating investment worth R262 million during the first three months of 2018. This investment resulted in 1,095 new job opportunities in the BPO sector.
“BPESA WC is also working to support skills training in an industry that is reliant on a steady supply of Cape Town residents with the required skills to enable sector growth. Several pilot projects are currently underway to identify, train and provide 12-month learnership opportunities to previously unemployed residents. The intention is to place 75% of participants in work opportunities,” she said. (via African News Agency)
