Cape Town’s economy is enjoying a significant boost, thanks to the City’s Special Purpose Vehicles (SPVs) and Wesgro, which have collectively attracted R4,6 billion in investments, created 10 214 jobs, and trained 2 674 people between July 2024 and June 2025. These results, tabled in a new report to the Mayoral Committee, exceed all targets set for the year.
Alderman James Vos, Mayoral Committee Member for Economic Growth, praised the SPVs as “essential tools” for focusing resources where they have the biggest impact. The City’s investment of R51 million in 2024/2025 yielded returns across diverse sectors, from BPO and technology to manufacturing, green energy, and the creative industries.
Highlights include CapeBPO’s 9 185 new call centre jobs, GreenCape’s R331,8 million in green investments, and the Craft and Design Institute’s empowerment of over 800 SMMEs in the creative sector. UVU Africa positioned Cape Town as a biotech hub, while BlueCape advanced marine manufacturing and ocean sports. The Cape Clothing and Textile Cluster drove sustainability and productivity, and WCEDP tackled renewable energy, waste, and food sector initiatives. Wesgro, meanwhile, connected local exporters to buyers in 16 countries.
Vos emphasised that these partnerships are central to Cape Town’s growth strategy, enabling targeted, effective support to industries that create lasting economic opportunities.