Example: bachelor of science

an inspiring place to do business - Wesgro.co.za

RT. R EPO. N UAL. AN. an inspiring place to do business Contents PART A: general 6. 1. public entity's general 2. list of 3. foreword by the 4. chief executive officer's 5. statement of responsibility and confirmation of accuracy for the annual 6. strategic 7. legislative and other 8. organisational Organisational PART B: performance 22. 1. auditor's report: predetermined 2. situational Service delivery Organisational Key policy developments and legislative Strategic outcome oriented 3. performance information by Programme 1: Corporate Programme 2: investment Programme 3: Trade Programme 4: Programme 5: Marketing and Programme 6: Destination Programme 7: Film and Media 4. revenue Capital PART C: 62. 1. 2. executive 3.

8 2. list of abbreviations/acronyms AIU Agri-Business Investment Unit APAC Agriculture Produce Agent Council AVE Advertising Value Equivalent BER …

Tags:

  Investment

Information

Domain:

Source:

Link to this page:

Please notify us if you found a problem with this document:

Other abuse

Transcription of an inspiring place to do business - Wesgro.co.za

1 RT. R EPO. N UAL. AN. an inspiring place to do business Contents PART A: general 6. 1. public entity's general 2. list of 3. foreword by the 4. chief executive officer's 5. statement of responsibility and confirmation of accuracy for the annual 6. strategic 7. legislative and other 8. organisational Organisational PART B: performance 22. 1. auditor's report: predetermined 2. situational Service delivery Organisational Key policy developments and legislative Strategic outcome oriented 3. performance information by Programme 1: Corporate Programme 2: investment Programme 3: Trade Programme 4: Programme 5: Marketing and Programme 6: Destination Programme 7: Film and Media 4. revenue Capital PART C: 62. 1. 2. executive 3.

2 The accounting authority / 4. risk 5. internal control 6. internal audit and audit 7. compliance with laws and 8. fraud and 9. minimising conflict of 10. code of 11. company /board 12. audit committee PART D: human resource 72. 1. 2. human resource oversight PART E: financial 80. 1. report of the external 2. annual financial 3 PART A: general information Aerial photo of Mossel Bay in the Western Cape T A. PAR. t io n rm a i nf o er a l gen PART A: general information 1. public entity's general information Registered Name: Wesgro Registration Number (if applicable): N/A. Physical Address: 18th Floor Reserve Bank Building South African Reserve Bank Building Cape Town 8000. Postal Address: P O Box 1678. Cape Town 8000.

3 Telephone Number/s: 021 487 8600. Email Address: Website Address: External Auditors: Auditor-General South Africa Bankers: ABSA. Company/ Board Secretary: Melanie Guentel 7 PART A: general information 2. list of abbreviations/acronyms AIU Agri- business investment Unit APAC Agriculture Produce Agent Council AVE Advertising Value Equivalent BER Bureau for Economic Research BN Billion BPeSA business Processing Enabling South Africa BPO business Process Outsourcing BRICS Brazil, Russia, India, China & South Africa CEO Chief Executive Officer CoCT City of Cape Town CTICC Cape Town International Convention Centre CTRU Cape Town Routes Unlimited DEDAT Department of Economic Development and Tourism DST Department of Science and Technology Dti Department of Trade and Industry DoTP Department of the Premier DEADP Department of Environmental and Development Planning EAP Export Advancement Programme EDP Exporter Development Programme EMU Executive Management Unit EU European Union FDI Foreign Direct investment FTE jobs Full Time Equivalent jobs GDP Growth Development Plan GRAP Generally Recognised Accounting Practices HR Human Resources IDC Industrial Development Corporation IMF International

4 Monetary Fund IP investment Promotion IPAs investment Promotion Agencies IT Information Technology JMA Joint Marketing Agreement LTA Local Tourism Association M Million MCU Marketing and Communication Unit MDG Millennium Development Goals 8. MFMA Municipal Finance Management Act MOA Memorandum of Agreement MOU Memorandum of Understanding MTBPS Medium Term Budget Policy Statement MTEF Medium Term Expenditure Framework MTSF Medium Term Strategic Framework NCA National Credit Act NDP National Development Plan NT National Treasury OFDI Outward Foreign Direct investment PFMA Public Finance Management Act PSG Provincial Strategic Goal PSP Provincial Strategic Plan RSA Republic of South Africa RTO Regional Tourism Organisation SAOGA South African Oil and Gas Alliance SARB South African Reserve Bank SAT South African Tourism SBIDZ Saldanha Bay Industrial Development Zone SDG Sustainable Development Goals SEZ Special Economic Zone SLA Service Level

5 Agreement SMMEs Small, Medium and Micro-sized Enterprises SOE Stated Owned Enterprises SPV Special Purpose Vehicle StatsSA Statistics South Africa TNCs Transnational Companies TP Trade Promotion UN United Nations UNCTAD United Nations Conference on Trade and Development USA United States of America WTO World Trade Organisation ZAR South African Rand 9 PART A: general information 3. foreword by the chairperson This past year was a trying time for South Africa's economy. At a national level, the policy uncertainty, poor leadership and a deteriorating investment climate impacted negatively on every province in South Africa. Within this context, the work of Wesgro, the official tourism, trade and investment promotion agency for Cape Town and the Western Cape, has become even more critical.

6 Indeed, despite this downturn emerging from national realities, outside of the control of a province or a city, it was essential that the Agency perform beyond expectation, demonstrating that there remain pockets of hope in the country where the fundamentals that allow for economic growth and job creation remain strong, and where investment is not only appreciated, but rigorously sought. We needed to do this not only to give life to our legislative mandate, and to ensure the excellent record of securing high levels of tourism, trade and investment was maintained, but also because we realised that if the Agency did more than its bit, then Cape Town and the Western Cape's growing economy would make a much bigger contribution toward enabling South Africa to weather the economic storm.

7 On every measure, Wesgro has done remarkably well in ensuring this key objective was met. Despite the challenging climate, Wesgro has secured more investment than the year before, exceeding its targets by some way. In fact, the team recorded the single biggest investment since 2011, with Pegas Novens investing more than R1, 3bn in Atlantis. Tourism has also again demonstrated why it remains at the heart of the Western Cape's economic strategy. As just recently an- nounced by South African Tourism, both foreign and domestic arrivals increased by double-digits in 2016. Foreign tourists alone contributed over R18bn to the provincial economy. On behalf of the board of members, I want to thank every staff member who worked even harder than before to help Cape Town and the Western Cape's economy perform beyond expectation.

8 We have related the targets to outputs rather than inputs and we stretched the targets and still you achieved thank you. It did not come from just repeating what was done before. It took leadership, collaboration and determination. And this is precisely what needs to be replicated if we are to build on this success over the next financial year. On leadership, I want to particularly thank the vision and hard-work of Premier Helen Zille, Executive Mayor Patricia De Lille, and Minister Alan Winde. Your unwavering commitment to growing the economy has created both the space and the motivation for the Wesgro team to work with determination in achieving its targets. This leadership is nowhere more evident than on the missions that the Premier, Executive Mayor and Minister have led.

9 Be it ensuring that the province gets the best deal out of Brexit, or travelling to the United States of America to secure a direct flight to the Cape, we have been led from the front, and for this we are truly grateful. On collaboration, I want to thank every single partner, both provincial and national, who have worked together with Wesgro over the past year to help secure these achievements. The Cape Town Air Access project, which now also includes South African Tour- ism on the steering committee, remains a model of how all levels of government can work together to ensure the best possible outcomes for the region and the country. With now more than 10 direct flights secured, and an equal number of flight expansions, the proof has most certainly been in the pudding.

10 We look forward to replicating this collaborative model in the year ahead, with the launch of the InvestSA Western Cape One-Stop- Shop. This Investor Centre has been project managed by Wesgro, and is now set to launch in August 2017. Funded and supported by all three levels of government, and by the private sector, it will send a clear message to investors around the world that at this centre in the Western Cape we are working together with all three spheres of Government and we are open for business . Lastly, on determination, I want to thank our Chief Executive Officer, Tim Harris, and the members of the Wesgro board, for their hard-work, passion and enthusiasm. When one is surrounded by a team that doesn't accept failure as an option, the task becomes so much easier to achieve.


Related search queries