Thursday, 16 August 2018 13:29

Wesgro’s Trade Unit boosts the Cape economy by R2.7bn in Quarter 1 of the 2018/19 Financial Year

Written by 
Date: 15 August

Release: Immediate

Wesgro’s Trade Unit signed a  total of 18 global export business agreements amounting to an estimated R2.7bn  in export value facilitating 175 new local jobs.

The result is the tireless  work of the unit who completed the following in the first quarter (April –  June) of this financial year:

  • Embarked on eleven (11)  outward selling missions to Malaysia, Singapore, China, Indo-China (Thailand,  Philippines, Singapore), France, Netherlands, Cameroon, Nigeria, Ethiopia,  Angola and South Korea - a total of eighty nine (89) WC companies participated,  predominantly within the agri-processing sector;
  • Hosted five (5) inward  selling missions from the following markets: DRC, Angola, Cameroon, the United  States of America and Mozambique;
  • Hosted two (2) Export Technical Training programmes for the quarter with twenty-six (26) companies completing the five (5) modular training programme - Twelve (12) companies  completed the Export Technical Training programme hosted for the Saldanha Bay  Municipality which ran from the 2-10 May 2018 in Saldanha Bay;
  • Ten (10) business information seminars, including one on AGOA, were hosted by the unit to impart knowledge on export opportunities to key global markets, as well as provide networking platforms for local businesses;
  • Eighteen (18) strategic meetings were undertaken. Key strategic initiatives included: a visit to the Cape Town Port for the team to obtain an understanding of the operations and address concerns of congestion raised by the wine and fruit industry. The unit also hosted a strategic session with Mazars SA French division in June to discuss synergies between Wesgro Africa Desk and Mazars French desk, with the view of helping Western Cape companies wanting to do business in Francophone Africa. 

Delivering on key initiatives identified under the province's Project Khulisa, highlights in the first quarter include the wine tasting and pairing event co-hosted by Wesgro and WOSA in Shenzhen, China to showcase SA wines under the theme “South African Wine Meets Chinese Cuisine”. Seventeen wine stakeholders (importers, media  and wineries) attended the event.

Furthermore, the unit hosted two successful Halal focused missions to Malaysia and Singapore with the aim of  advancing exports of halal agri-processed products which falls in line with the unit's mandate to facilitate exports of goods from Halal qualified  companies based in the Western Cape.

“Establishing Cape Town and  the Western Cape as a preferred Halal trading partner remains a key objective for the Unit. We are also pleased to report that within the first quarter we signed a total of two Outward Foreign Direct Investment (OFDI) business agreements in halal  agro-processing and beauty sectors with a total estimated export value of R93m,  facilitating 60 new local jobs. These  figures are in addition to the units R2.7bn in business agreements signed in  the first quarter,” commented Denan Kuni, Wesgro's Head of International Trade and Development.

Commending the unit on their  success, Cape Town Executive Mayor, Patricia de Lille, commented: “Cape Town  and the province is going from strength to strength. Thanks to the efforts of  Wesgro and the City’s own Department of Enterprise and Investment we are  attracting more investment that is creating more jobs for our residents.  Together the City and the provincial government are building an even greater  economy that is inclusive of all our residents.”

Minister of Economic  Opportunities, Alan Winde said “Wesgro’s Trade Unit is playing an integral part  in delivering on our Project Khulisa goals. The quarter one results show excellent progress in marketing our wines to China and our agri-processing  capabilities to the rest of the world, as well as reflecting our focus on  growing the Halal sector. The Western Cape continues to be a major contributor  to job creation in South Africa and our focus on the key Khulisa sectors,  growing new markets for export and attracting investment into the province have all made it possible for us to create 77 000 new jobs over the past year in the  province.”

Wesgro CEO, Tim Harris,  added: “We are very pleased with the Trade team’s results thus far, with the unit playing a pivotal role in promoting local companies and their products on the international stage. We will continue to put our energy behind improving exports in priority sectors  identified by the province - including wine and Halal, as well as continue to  promote Cape Town and the Western Cape as a forward-looking, globally competitive business destination.”

ENDS

For media enquiries:

Sarah Brownlee
Media Relations Officer, Wesgro
Tel: 021 487 8700
Cell: 083 577 0327
Email: sarah@wesgro.co.za

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