Friday, June 28, 2013

MEC Winde: WC attracted R4.4 billion foreign investment 2012

Athenkosi Mvane
28 June 2013

The Western Cape MEC of Finance, Economic Development and Tourism Alan Winde said the province has attracted foreign investment worth R4.4 billion in 2012. 

MEC Winde said the number show investor confidence for the province is positive, although the value of the investments decreased the number of projects increased from 22 in 2011 to 26 in 2012. 

Winde said despite the fragile international space SA operates in, with regards to attracting foreign investment; in 2012, 26 direct foreign investment in various companies.

Winde added that it the investment was especially directed into renewable energies.

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