WC invests R132m in manufacturing
10 Apr 2019 - by
The Western Cape government has allocated R132 million in stimulus funding to support manufacturing in non-metro municipalities across the province over the next three years.
“We import too much and we produce too little,” said Minister of Economic Opportunities Beverly Schäfer, who sees potential in the clothing, textiles and leather goods sectors.
“In the clothing and textile sector, South African labour is 45% cheaper than in China at the moment and it makes no sense that we are not producing more locally,” she said.
Non-metro municipalities provided additional benefits for investors - lower traffic congestion, lower crime rate, lower property costs and a generally lower cost of living, she added.