Amazon has been an active investor in Cape Town's software and IT services sector since 2005, particularly focusing on research and development endeavours. With a total capex value of R5.9 billion, Amazon has spearheaded 11 FDI projects aimed at driving innovation in web services.
Hisense has made substantial investments in Cape Town, amounting to R1.9 billion. These investments are predominantly directed towards manufacturing, including the establishment of a new washing machine factory in the Atlantis Special Economic Zone in September 2020.
GlaxoSmithKline, a renowned pharmaceutical giant based in the United Kingdom, has invested R523 million in Cape Town, specifically in pharmaceutical manufacturing. Notably, one of its projects includes an investment in Epping Industrial.
Huawei Technologies has injected R2.55 billion into Cape Town's economy. Their latest venture being in the communications sector centres around an ICT and internet infrastructure project. This initiative involves setting up a state-of-the-art data centre to cater to the growing demand for cloud services in the city and surrounds.
Johnson & Johnson has embarked on two projects in Cape Town, totalling a capex value of R800.29 million. These investments in the pharmaceutical sector encompass a research and development initiative, alongside the establishment of a satellite centre for global health at the University of Cape Town. These strategic endeavours mark the company's commitment to advancing healthcare innovation and strengthening its presence in the region.
LG's investment of R220.90 million in Cape Town marks a significant contribution to the city's economic landscape. The company's recent venture in the consumer electronics sector focuses on establishing a cutting-edge LG air solutions showroom, academy, and office in Brackenfell, showcasing its commitment to innovation and growth in the region.
In 2014, Burger King made a strategic investment of R72.1 million in Cape Town, establishing a meat production facility in Elsies River. This move, in collaboration with Excellent Meat, reflects Burger King's commitment to expanding its local presence and meeting the growing demands of local consumers.
Audi South Africa, a subsidiary of Volkswagen, invested in Cape Town's automotive OEM sector by setting up a new showroom at the Audi Centre in Claremont. This investment underlines their dedication to bolstering their presence in the region.
IBM made significant strides in Cape Town with two projects totalling R324 million. Their investments in the software and IT services sector include the establishment of a telecommunications development centre, aimed at supporting communication service providers in innovating their business models.
Capita invested R56.6 million in Cape Town's business process outsourcing (BPO) sector, acquiring Full Circle to establish a centre in Maitland. This expansion not only added 1000 jobs but also strengthened Cape Town's position as a hub for BPO operations.
Converse ventured into Cape Town with a R67.5 million investment in 2018, setting up a retail store in Canal Walk. This move demonstrates their commitment to growing their presence in the city’s retail landscape. These investments highlight Cape Town's offerings and opportunities for global companies to thrive and contribute to the city's economic growth. With a diverse range of sectors and a conducive business environment, Cape Town continues to be a preferred choice for investors looking to establish a strong presence in Africa.
Cape Town adds another 43 000 jobs, maintains SA’s lowest unemployment rate Cape Town has maintained the lowest broad unemployment rate of all SA metros, adding 43 000 new jobs between October and December 2023. Employment increased by 7,4%
Cape Town’s R120 billion infrastructure investment set to outpace other cities Cape Town’s latest annual Infrastructure Report confirms that the City’s R120 billion ten year project pipeline remains on track, with the metro’s infrastructure investments set to dwarf those
One more week to apply for City’s Smart Supplier Programme 2024 Cape Town-based entrepreneurs have one more week to apply for participation in the City’s sought-after Smart Supplier Programme. Applications close on Friday, 26 January 2024. This year
Cape Town unemployment down 3,8% year-on-year, lowest of the metros Cape Town has added 205 000 new jobs over the last year, more than all other metros combined. This is according to the latest StatsSA Quarterly Labour Force survey
Vendor applications open for the 2023 My Cape Town Market Ridgeworth Applications are now open for trading bays for vendors to be part of My Cape Town Market Ridgeworth, set to take place on Saturday, 9 December 2023, and
Access free tech training at Africa’s first ever Amazon Web Services Skills Centre in Cape Town Alderman James Vos, the City’s Mayoral Committee Member for Economic Growth, joined Western Cape Premier Alan Winde, Provincial Minister of Finance and Economic
