Western Cape’s R5 Million Export Booster Fund: A Major Step Towards Economic Growth and Job Creation

1 min read
export readiness economic growth

The Western Cape Government’s Department of Economic Development and Tourism has launched the Export Competitiveness Enhancement Programme (ECEP) to support businesses working towards export readiness and expand their presence in international markets. This move aims to boost economic growth and create employment opportunities, which aligns with the provincial Growth for Jobs Strategy.

Increasing Exports for Economic Growth

According to research, a 10% increase in exports could generate an additional R6 billion to the Western Cape Gross Domestic Product, leading to significant job creation. Thus, expanding exports of products and services is a key focus area of the provincial Growth for Jobs Strategy.

Unlocking Export Opportunities through ECEP

The ECEP program’s primary objective is to invest in businesses’ capacity to unlock export opportunities through structured processes such as business turnaround or business improvement. The program also aims to enhance entrepreneurs’ skills and their businesses’ competitive position in terms of scale and efficiency.

The program targets specific businesses and offers support mechanisms to improve their capability, competitiveness, productivity, and export growth. The Fund will support several activities, including product reformulation and refinement, international packaging, labelling, and printing requirements, international product certification and standards for market access, product registration with relevant international bodies in export markets, international nutritional analysis, and specialized shipping requirements.

Online Briefing Session and Application Process

To provide more information on the ECEP, an online briefing session is scheduled for Tuesday, 06 June 2023, at 10h00. Interested businesses must register to attend the session by completing the online registration form.

The application process for the ECEP closes at midnight on 30 June 2023, and businesses in the Western Cape are encouraged to apply for this exciting opportunity.

Contact Information for Media Inquiries

For media inquiries, Georgina Maree, the Spokesperson for the Provincial Minister of Finance and Economic Opportunities (Responsible for the Provincial Treasury and the Department of Economic Development and Tourism), can be reached via the following contact information:

  • Cell: 076 423 7541
  • Email: georgina.maree@westerncape.gov.za

The Western Cape’s R5 million export booster fund demonstrates the government’s commitment to empowering businesses and driving economic growth. By supporting export-ready businesses, the province is positioning itself for a prosperous future with increased job opportunities for its residents.

A Russian-Spanish journalist and Cape Town native, channels his lifelong passion for South Africa into captivating stories for his local blog. With a diverse background and 50 years of rich experiences, Serjio's unique voice resonates with readers seeking to explore Cape Town's vibrant culture. His love for the city shines through in every piece, making Serjio the go-to source for the latest in South African adventures.

Leave a Reply

Your email address will not be published.

Previous Story

Title

Next Story

President Cyril Ramaphosa and President Marcelo Rebelo de Sousa Strengthen Ties between South Africa and Portugal

Latest from Blog

The Symbol of Democracy: South Africa’s Parliament

South Africa’s Parliament is a symbol of democracy, offering citizens a platform to engage in nationbuilding and shape the political landscape through their right to vote. The upcoming national and provincial elections coincide with the 30th anniversary of democracy and mark a significant milestone in the nation’s democratic fortitude. Presiding Officers Tsenoli and Masondo inspire citizens to exercise their constitutional right to vote, reminding them that their vote is their voice and chance to select who will represent them. Parliament is more than just a legislative body; it is a guardian of democratic principles, offering a platform for citizens to engage in the mechanisms of nationbuilding.

Elevated Monitoring Bolsters Political Election Security in Gauteng

Advanced airborne surveillance technology, including helicopters and drones, will be used for the National and Provincial elections in Gauteng, South Africa to ensure a smooth and secure electoral process. The National and Provincial Joint Operational and Intelligence Structures will utilize ten advanced, multispecialty airborne surveillance helicopters and drones to contribute invaluable data to security agencies. The mission is to create a safe environment for the citizens of Gauteng to exercise their voting rights, and the media is welcome to observe the process.

“Cape Town’s Urban Mobility Initiative: A Shift towards Sustainable Non-Motorized Transportation”

Cape Town’s Urban Mobility Initiative is a proposal to improve nonmotorized transport in certain areas of the city by creating safer and more accessible spaces for pedestrians and cyclists. The initiative is participatory, with the city encouraging residents to provide feedback and suggestions. The proposal represents the city’s commitment to improving road safety and creating more ecologically sustainable and habitable urban landscapes. It is an opportunity for residents to shape their city spaces and contribute to a more inclusive and sustainable future.

Discovering Cape Town through an Adventurous Lens: The Three Peak Challenge

The Three Peak Challenge in Cape Town is a 50kilometer trek through three peaks: Devil’s Peak, Maclear’s Beacon on Table Mountain, and Lion’s Head. This adventure is a test of endurance and determination, with a 14hour cutoff time, and offers a unique way to explore the city’s natural beauty while pushing personal limits. Whether done independently or as a group during the official race in November, the Three Peak Challenge is an unforgettable experience that celebrates the stunning landscapes and spirit of Cape Town.

The Return of the World Rugby U20 Championship to South Africa

The World Rugby U20 Championship is coming back to South Africa with the top Under20 rugby teams competing for the title. Reigning champions France and the Junior Springboks from South Africa will battle it out in different venues such as the Cape Town Stadium and the Athlone Stadium. The matches will commence on June 29th, with playoffs scheduled for July 14th and the ultimate championship match set for July 19th. Spectators can indulge in this international rugby feast at pocketfriendly prices, with children’s tickets costing R35 and adult tickets going for R75.