Strategic Business Partners secure R11bn in
5 February 2021
The City of Cape Town focuses on attracting investment in high-growth sectors, which creates jobs and leads to economic expansion.
To help in this pursuit, the City partners with and provides funding to Strategic Business Partners (SBP) in high-growth sectors like Business Process outsourcing, call centres, the green economy, craft and design and boat building, to name a few, all of which are poised for significant growth.
‘I am pleased by the efforts to create jobs and attract investment in our City, despite the challenges of COVID-19 on the country’s economy, livelihoods and health. These successes are an indication of the confidence that international companies and countries continue to have in Cape Town in terms of creating an environment that is conducive to job creation. We offer many things to the potential investor through reliable infrastructure, a focus on good governance, an appealing exchange rate and a great location for a work-life balance. I am confident that we can continue to recover and rebuild following the impact of COVID-19 on employment,’ said Executive Mayor Dan Plato.
‘All our plans and programmes are aimed at getting our local economy back on its feet as fast as possible, but also to build a stronger, more resilient economy for generations to come,’ said Alderman James Vos, the City’s Mayoral Committee Member for Economic Opportunities and Asset Management.