Western Cape Districts - Sector Performance in 2020 10 September 2021 - Wesgro

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Western Cape Districts - Sector Performance in 2020 10 September 2021 - Wesgro
Western Cape Districts – Sector Performance in 2020

                10 September 2021
Western Cape Districts - Sector Performance in 2020 10 September 2021 - Wesgro
Table of Contents
1.     Introduction ....................................................................................................................................... 3
2.     Districts ............................................................................................................................................. 3
     2.1      City of Cape Town Metropolitan ................................................................................................... 3
     2.2      West Coast District ..................................................................................................................... 9
     2.3      Cape Winelands District............................................................................................................ 14
     2.4      Overberg District ...................................................................................................................... 19
     2.5      Eden District/Garden Route District............................................................................................ 24
     2.6      Central Karoo District ............................................................................................................... 29
1. Introduction

This paper provides a review of the economic performance of Western Cape districts in 2020. Specifically, it provides each
district’s contribution to provincial GDP, employment and trade. Then, each district’s sector contribution to GDP and
employment is outlined. The paper also shows key businesses and inward FDI investments made in each district.

     2. Districts

     2.1 City of Cape Town Metropolitan

The impact of the 2020 Covid-19 pandemic and lockdowns can be seen from the weakened performance of the Western Cape
economy in 2020. In 2020, the provincial GDP (GVA at basic prices) declined by 6.70% from the 2019 value of ZAR399.04bn
to ZAR372.31bn in 2020.

Of the 2020 provincial GDP, the City of Cape Town Metropolitan contributed the largest share (ZAR268.05bn), although
declining by 7.30% from the 2019 value of ZAR289.14bn.

In terms of labour, the City accounted for 62.59% of the province’s employment in 2020, employing 516 111 people from a
working age population of 3 198 417. Moreover, the City’s unemployment rate stood at 22.41%, over 4 percentage points
higher than the Western Cape’s rate of 18.91%.

Total exports for the City reached ZAR87.21bn and imports stood at ZAR167.56bn in 2020, thereby registering a negative
trade balance of ZAR80.35bn. The top export product for the City was Citrus fruit (ZAR8.49bn) and the top import product
were Petroleum oils (ZAR33.48bn). Namibia was the top export destination for the City’s exports at a value of ZAR7.90bn and
China was the top source market for its imports, at a value of ZAR37.85bn.

Source: Quantec, 2021

Sector GDP                                                                                                                              3
The table below presents the City of Cape Town’s GDP per sector performance between 2019 and 2020.

The Finance, insurance, real estate and business services sector was the largest contributing sector to the City’s GDP in
2020, accounting for 35% of the City’s GDP, at a value of ZAR93.94bn, although declining by 4.78% from the 2019 value of
ZA98.65bn. The Wholesale and retail trade, catering and accommodation sector placed second, accounting for 15% of the
City’s GDP at a value of ZAR40.38bn - also declining, by 10.46% from the 2019 value of ZAR45.10bn. The manufacturing
sector was the third largest contributor to City’s GDP, accounting for 12% (ZAR37.76bn), which declined by 10.44% from the
2019 value of ZAR42.16bn.

                                       CITY OF CAPE TOWN'S GDP PER SECTOR, 2019-2020
                                                                        VALUE       VALUE                % SHARE        GROWTH
                                   SECTOR                                2019        2020                OF GDP,         RATE %,
                                                                       (ZARbn)     (ZARbn)                 2020        (2019-2020)
 Finance, insurance, real estate and business services                     98.65       93.94               35.05%           -4.78%
 Wholesale and retail trade, catering and accommodation                             45.10        40.38      15.06%            -10.46%
 Manufacturing                                                                      42.16        37.76      14.09%            -10.44%
 General government                                                                 32.39        32.67      12.19%             0.85%
 Transport, storage and communication                                               31.19        26.39       9.84%            -15.40%
 Community, social and personal services                                            19.21        18.77       7.00%             -2.30%
 Construction                                                                       11.02         8.68       3.24%            -21.27%
 Electricity, gas and water                                                          5.37         5.01       1.87%             -6.84%
 Agriculture, forestry and fishing                                                   3.43         3.97       1.48%            15.67%
 Mining and quarrying                                                                0.61         0.50       0.18%            -18.52%
 TOTAL                                                                             289.14       268.05     100.00%             -7.30%
Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)
Sector employment

The graph below provides an overview of employment by economic sector in the City of Cape Town in 2020. The Wholesale
and retail trade, catering and accommodation was the biggest employer for the City in 2020, accounting for 25% of the region’s
total employment. This was followed by the finance, insurance, real estate sector in second place, accounting for 22% of
employment. In third place was the Community, social and personal services sector, employing up to 15% of labour in the
region.

                                  CITY OF CAPE TOWN'S GDP PER SECTOR
                                            EMPLOYMENT, 2020

                                       Mining and quarrying      0.05%
                                   Electricity, gas and water    0.39%
                             Agriculture, forestry and fishing        2.68%
                    Transport, storage and communication                 5.24%
                                                Construction             5.63%
                                              Manufacturing                         10.80%
                                        General government                              13.75%
                  Community, social and personal services                                 15.00%
              Finance, insurance, real estate and business…                                             21.91%
                   Wholesale and retail trade, catering and…                                               24.55%

Source: Quantec, 2021

Manufacturing sector breakdown
                                                                                                                                 4
The City of Cape Town’s manufacturing sector breakdown in 2020 is shown in the figure below. Food, beverages and tobacco
was the largest contributor to the manufacturing sector, accounting for 28%, followed by petroleum products, chemicals, rubber
and plastics at 23% and metals, metal products, machinery and equipment manufacturing at 14%.

               CITY OF CAPE TOWN'S MANUFACTURING SECTOR BREAKDOWN,
                                        2020
        Textiles, clothing          Other non-metal    Electrical                       Radio, TV, instruments,
        and leather goods           mineral products machinery and                       watches and clocks
               4%                         3%          apparatus                                  2%
                                                          2%
           Transport equipment
                   7%
                                                                              Food, beverages and
             Furniture; other                                                       tobacco
             manufacturing                                                            28%
                   8%

                                                                                 Petroleum products,
                                            Metals, metal products,             chemicals, rubber and
         Wood and paper;                       machinery and                            plastic
       publishing and printing                    equipment                              23%
                 9%                                  14%

Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)
Service sector breakdown

Business services was the largest contributor to the City’s services sector in 2020, accounting for 30% of output, followed by
Wholesale and retail trade (18%) and General government at 15%.

                 CITY OF CAPE TOWN'S SERVICE SECTOR BREAKDOWN, 2020
                                                                                             Catering and
                                                                                            accommodation
                                             Communication                                     services
                                                 5%                                              1%
             Transport and storage
                      8%
  Community, social and
    personal services                                                        Business services
          9%                                                                       30%

                   Finance and insurance
                           14%

                                                                             Wholesale and retail
                                                                                   trade
                                  General government                               18%
                                         15%

 Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)                                                  5
GDP sector distribution

In terms of the biggest-contributing subsectors to the City’s GDP in 2020, the business services sector toppled the list,
accounting for 24% of GDP at basic prices. Wholesale and retail trade followed with 14% of the output, while the General
government placed third at 12% of economic output.

                           CITY OF CAPE TOWN'S SECTOR DISTRIBUTION,
                                             2020

                                         Business services                                     24.06%

                                 Wholesale and retail trade                        14.29%

                                       General government                        12.19%

                                    Finance and insurance                       10.99%

                  Community, social and personal services                7.00%

                                      Transport and storage             6.26%

                             Food, beverages and tobacco           4.00%

                                            Communication         3.58%

                                               Construction       3.24%

                Petroleum products, chemicals, rubber and
                                 plastic
                                                                  3.18%                                                     6
                    Metals, metal products, machinery and
                                                                 2.02%
                                  equipment

                                  Electricity, gas and water    1.87%

                            Agriculture, forestry and fishing   1.48%

                   Wood and paper; publishing and printing      1.31%

                            Furniture; other manufacturing      1.10%

              Source: Quantec, 2021
Companies

The table below presents some of the top companies based in the City of Cape Town, as measured by turnover. Shoprite
Holding Ltd is the largest Cape Town-based company, with a turnover of ZAR157bn as of July 2021, the company operates
within the wholesale and retail trade sector. This was followed by Pick n Pay Stores Ltd in second place, which also operated
in the Wholesale and Retail sector, with turnover of ZAR93bn. The third largest company based in the City of Cape Town was
Naspers Ltd (ZAR86bn) which operates within the financial intermediation, insurance, real estate and business services sector

                          TOP CAPE TOWN-BASED COMPANIES, MEASURED BY TURNOVER, 2021
   RANK                     COMPANY                                    SECTOR                                         SALES (ZARm)
     1       Shoprite Holdings Ltd                Wholesale and Retail Trade                                            156,855.00
     2       Pick n Pay Stores Ltd                Wholesale and Retail Trade                                            93,078.80
             Naspers Ltd                          Financial Intermediation, Insurance, Real Estate                      86,442.26
     3
                                                  and Business Services
             Old Mutual Ltd                       Financial Intermediation, Insurance, Real Estate                      81,571.00
     4
                                                  and Business Services
     5       Woolworths Holdings Ltd              Wholesale and Retail Trade                                            72,208.00
     6       Pepkor Holdings Ltd                  Wholesale and Retail Trade                                            70,926.00
             Santam Ltd                           Financial Intermediation, Insurance, Real Estate                      38,273.00
     7
                                                  and Business Services
     8       Clicks Group Ltd                     Wholesale and Retail Trade                                            34,364.40
     9       Foschini Group Ltd (The)             Wholesale and Retail Trade                                            32,950.30
     10      JD Group (Pty) Ltd                   Wholesale and Retail Trade                                            23,880.00
     11      Pioneer  Food Group  (Pty) Ltd       Manufacturing                                                         22,272.63
     12      Truworths International Ltd          Wholesale and Retail Trade                                            16,379.00
             Ninety One Ltd                       Financial Intermediation, Insurance, Real Estate                      15,258.65
     13
                                                  and Business Services
             Petroleum Oil and Gas Corporation of Manufacturing                                                         13,690.66
     14
             South Africa SOC Ltd (The)
     15      Hosken Consolidated Investments Ltd  Community, Social and Personal Services                                9,213.12
     16      Oceana Group Ltd                     Agriculture, Hunting, Forestry and Fishing                             8,308.34
             Lewis Group Ltd                      Wholesale and Retail Trade                                             5,454.90
     17
                                                  Financial Intermediation, Insurance, Real
             Brimstone Investment Corporation Ltd Estate and Business Services                                           4,604.08
                                                                                                                                     7
     18
     19      Sea Harvest Group Ltd                Agriculture, Hunting, Forestry and Fishing                             4,375.34
     20      Afrimat Ltd                          Manufacturing                                                          3,693.76
Source: WhoOwnsWhom, 2021

Inward FDI investments

The table below shows the top FDI investments (in terms of capital expenditure) made into the City of Cape Town between
July 2019 and July 2020.

The biggest investment during the period was by Amazon Web Services from United States in July 2019, which invested
USD53.7m into the Software and IT Services, thereby creating 51 jobs created. The second biggest investment was by
PFNonwovens (USD40.0m) from Czech Republic, investing in the textile sector. This investment created an estimated 40
jobs. The third biggest investment was by BrewDog from United Kingdom which reached a total capex ofUSD39.3m and
creating 107 jobs.

The table also shows investor signals for South Africa, observed from January to August 2021. Ten companies showed
interest in investing into South Africa (province not specified). These investments will either be new funding/resources for
expansion, new investment strategy or considering project (new or expansion).

                               TOP FDI INVESTMNETS INTO CAPE TOWN, JUL 2019 - JUL 2021

                 INVESTING             SOURCE          INDUSTRY             BUSINESS              CAPEX
 DATE                                                                                                          JOBS
                 COMPANY               COUNTRY         SECTOR               ACTIVITY              (USDm)
                 Amazon      Web       United          Software &     IT    Research         &
 01/07/2019                                                                                       53.7         51
                 Services (AWS)        States          services             Development
                                       Czech
 01/06/2021      PFNonwovens                           Textiles             Manufacturing         40           40
                                       Republic
United        Food            &
 01/03/2021      BrewDog                                                    Manufacturing           39.3     107
                                         Kingdom       Beverages
                                                                            Research            &
 01/02/2020      Roche Group             Switzerland   Biotechnology                                29.4     43
                                                                            Development
                                                                            Logistics,
                                         United        Food            &
 01/11/2020      Massmart                                                   Distribution        &   27       157
                                         States        Beverages
                                                                            Transportation
                 ArcVera                 United        Business
 01/07/2021                                                                 Business Services       21.6     15
                 Renewables              States        services
                                                       Business
 01/04/2021      Invictus Partners       Australia                          Business Services       21.6     15
                                                       services
                                         United        Business
 01/09/2020      Hobson Prior                                               Business Services       21.6     16
                                         Kingdom       services
                 Deloitte Touche         United        Business
 01/02/2020                                                                 Business Services       21.6     16
                 Tohmatsu                States        services
                                                                            Logistics,
                 Biocair                 United        Transportation &
 01/07/2021                                                                 Distribution        &   12.7     165
                 International           Kingdom       Warehousing
                                                                            Transportation
 TOTAL                                                                                              288.5    625
                                  INVESTORS SIGNALS INTO SOUTH AFRICA, JAN – AUG 2021
                                                                                                    EST.
 SIGNAL          INVESTING               SOURCE        INDUSTRY
                                                                            CLUSTER                 CAPEX    SIGNALS
 DATE            COMPANY                 COUNTRY       SECTOR
                                                                                                    (USDm)
                                                                                                             New
                                                       Software    &   IT
 Aug-21          BYON8                   Sweden                             Life sciences           n/a      Funding/Resources
                                                       services
                                                                                                             for Expansion
                 Bandwidth     and                                                                           New
 Aug-21          Cloud    Services       Kenya         Communications       ICT & Electronics       n/a      Funding/Resources
                 Group (BCS)                                                                                 for Expansion
                 Cogent
                                         United                                                              New      Investment
 Jun-21          Communications                        Communications       ICT & Electronics       n/a
                                         States                                                              Strategy
                 Group
                                                                                                             New                   8
                                                       Financial
 May-21          Alpha Direct            Botswana                           Financial Services      n/a      Funding/Resources
                                                       services
                                                                                                             for Expansion
                                                                                                             New
                 AlphaDirect (Alpha                    Software    &   IT
 May-21                                  Botswana                           Financial Services      n/a      Funding/Resources
                 Direct)                               services
                                                                                                             for Expansion
                                                                                                             New
                                                       Software    &   IT
 Mar-21          ImaliPay                Kenya                              Financial Services      n/a      Funding/Resources
                                                       services
                                                                                                             for Expansion
                 Radisson
                 Hospitality                                                                                 Considering Project
 Mar-21                                  China         Hotels & tourism     Tourism                 n/a
                 (Rezidor        Hotel                                                                       (New or Expansion)
                 Group)
                                                                                                             New
                                         United
 Mar-21          Curaleaf                              Pharmaceuticals      Life sciences           n/a      Funding/Resources
                                         States
                                                                                                             for Expansion
                                                                                                             New
                 Max        Property                   Financial
 Mar-21                                  Netherlands                        Financial Services      n/a      Funding/Resources
                 Group                                 services
                                                                                                             for Expansion
                                                       Software    &   IT                                    New      Investment
 Jan-21          Pixofarm                Austria                            Agribusiness            n/a
                                                       services                                              Strategy
Source: FDI Intelligence, 2021
2.2 West Coast District

Turning to the performance of the West Coast District. The district was the fourth largest contributor to the provincial GDP in
2020, contributing by ZAR18.71bn, although this was a decline of 2.68% from the 2019 value of ZAR19.23bn.

In terms of labour, the district accounted for 7.14% of the province’s employment in 2020, employing 172 910 people from a
working age population of 317 287. The region’s unemployment rate stood at 11.65%.

Looking at trade performance, the district’s exports reached ZAR5.99bn in 2020, and imports stood at ZAR7.28bn, making
the region a net importer of goods. The top export product from the district was citrus Fruit (ZAR1.87bn) and the top import
product was rice (ZAR1.59bn). The United States was the top destination market for the region’s exports at a value of
ZAR1.98bn and China the top source market for its imports at a value of ZAR2.49bn.

Source: Quantec, 2021

Sector GDP

The table below presents West Coast District’s GDP per sector performance between 2019 and 2020.

The Agriculture, forestry and fishing sector was the largest contributor in 2020, accounting for 22% of the district’s GDP, at a
value of ZAR4.05bn. In addition, the sector was the only one that registered growth in 2020, growing by 14.37% from the 2019
value of ZAR3.54bn. The Manufacturing sector placed second, accounting for 21% of the region’s GDP at a value of
ZAR3.87bn, albeit declining by 4.96% from the 2019 value of ZAR4.07bn. The Finance, insurance, real estate and business
services sector was the third largest contributor to West Coast’ GDP, accounting for 15% (ZAR2.81bn). The sector also
declined, by 2.95% from the 2019 value of ZAR2.89bn.

                                       WEST COAST'S GDP PER SECTOR, 2019-2020
                                                                        VALUE          VALUE        % SHARE         GROWTH
                              SECTOR                                     2019           2020        OF GDP,          RATE %,
                                                                       (ZARbn)        (ZARbn)         2020         (2019-2020)
                                                                                                                                   9
Agriculture, forestry and fishing                                            3.54           4.05       21.63%           14.37%
Manufacturing                                                                4.07           3.87       20.65%           -4.96%
Finance, insurance, real estate and business services                        2.89           2.81       15.00%           -2.95%
Wholesale and retail trade, catering and accommodation                       2.96           2.67       14.27%           -9.87%
General government                                                           1.97           1.99       10.61%            0.95%
Community, social and personal services                                      1.26           1.24         6.62%          -1.78%
Transport, storage and communication                                         1.36           1.14         6.08%         -16.54%
Construction                                                                 0.74           0.58         3.12%         -20.64%
Electricity, gas and water                                                   0.25           0.23         1.22%          -7.79%
Mining and quarrying                                                         0.20           0.15         0.81%         -22.84%
TOTAL                                                                       19.23          18.71      100.00%           -2.68%
Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)
Sector employment

The graph above provides an overview of employment by economic sector in the West Coast District in 2020. The Agriculture,
forestry and fishing sector was the biggest employer for the region in 2020, accounting for 38% of the region’s total
employment. This was followed by the Wholesale and retail trade, catering and accommodation sector in second place,
accounting for 17% of employment. In third place was the Community, social and personal services sector, employing up to
10% of labour in the district.

                                 WEST COAST SECTOR EMPLOYMENT, 2020

                             Mining and quarrying      0.21%

                         Electricity, gas and water    0.23%

           Transport, storage and communication           2.58%

                                      Construction         3.32%

     Finance, insurance, real estate and business…                 8.82%

                                     Manufacturing                  9.04%

                                General government                    10.28%

         Community, social and personal services                      10.47%

          Wholesale and retail trade, catering and…                              17.44%

                   Agriculture, forestry and fishing                                                          37.59%

                                                  0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% 40.00%

    Source: Quantec, 2021

Manufacturing sector breakdown                                                                                                10
The West Coast District manufacturing sector breakdown in 2020 is shown in the figure below. Food, beverages and tobacco
was the largest contributor to the district’s manufacturing sector, accounting for 70%, followed by metals, metal products,
machinery and equipment manufacturing at 9% and petroleum products, chemicals, rubber and plastic which accounted for7%
of manufacturing.

                    WEST COAST'S MANUFACTURING SECTOR BREAKDOWN, 2020
   Wood and       Other non-metal        Furniture; other     Textiles,      Radio, TV,
     paper;       mineral products       manufacturing         clothing     instruments,
 publishing and         4%                     3%                 and       watches and      Electrical
                                                        Transport
    printing                                                   leather         clocks      machinery and
                                                        equipment
       4%                                                       goods            0%         apparatus
                                                           2%
                                                                  1%                            0%
       Petroleum products,
      chemicals, rubber and
              plastic
                7%
      Metals, metal products,
          machinery and
             equipment
                 9%                                                               Food, beverages and
                                                                                        tobacco
                                                                                          70%

Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)
Service sector breakdown

Wholesale, and retail trade was the largest contributor to the region’s services sector in 2020, accounting for 26%, followed
by business services (21%) and general government (20%).

                 WEST COAST DISTRICT'S SERVICE SECTOR BREAKDOWN, 2020
                         Communication                 Catering and
                             2%                       accommodation
                         Finance and insurance           services
                                  8%                       1%
      Transport and storage
               9%                                                          Wholesale and retail
                                                                                 trade
                                                                                 26%
                             Community, social and
                               personal services
                                     13%
                                                                                         Business services
                                                                                               21%

                                          General government
                                                 20%

Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)

                                                                                                                                11
Sector Distribution

The Agriculture, forestry and fishing sub-sector was biggest-contributor to the district’s GDP in 2020, accounting for 22% of GDP at basic
prices. Food, beverages and tobacco followed with 14% of the output, while the wholesale and retail trade sub-sector placed third at 13%
of economic output.

                               WEST COAST SECTOR DISTRIBUTION, 2020

                           Agriculture, forestry and fishing                                    21.63%

                            Food, beverages and tobacco                              14.37%

                                Wholesale and retail trade                          13.47%

                                        Business services                        10.79%

                                      General government                         10.61%

                          Community, social and personal
                                                                         6.62%
                                    services

                                    Transport and storage              4.98%

                                   Finance and insurance            4.20%

                                              Construction        3.12%

                   Metals, metal products, machinery and                                                                                12
                                                                1.90%
                                 equipment

                   Petroleum products, chemicals, rubber
                                                               1.45%
                                and plastic

                                 Electricity, gas and water    1.22%

                                           Communication       1.10%

                                                          0.00% 5.00% 10.00% 15.00% 20.00% 25.00%

                Source: Quantec, 2021
Companies

The table below shows some of the notable companies in the West Coast District.

                               SELECTED COMPANIES IN THE WEST COAST DISTRICT
   COMPANY NAME            MUNICIPALIT                   SECTOR                           BUSINESS ACTIVITY
                               Y
                                                                                    Wholesale & Commission Trade,
 Duferco Steel
                           Saldanha Bay         Wholesale and Retail Trade         Except Of Motor Vehicle And Motor
 Processing (Pty) Ltd
                                                                                                Cycles
 Saldanha Bay IDZ
                                            Financial Intermediation, Insurance,
 Licencing Company      Saldanha Bay                                                       Real Estate Activities
                                            Real Estate and Business Services
 SOC Ltd
 Saldanha Steel (Pty)                                                                  Manufacture : Basic Metals,
                        Saldanha Bay                  Manufacturing
 Ltd                                                                                       Fabricated Metal
 Southern Atlantic
                                             Agriculture, Hunting, Forestry and    Fishing, Operation of Fish Hatcheries
 Seafood Holdings (Pty) Saldanha Bay
                                                           Fishing                           and Fish Farms
 Ltd
 West Point Fishing                                                                  Manufacture : Food Products &
                        Saldanha Bay                  Manufacturing
 Corporation (Pty) Ltd                                                                        Beverages
Source: WhoOwnsWhom, 2021

                                                                                                                           13
2.3 Cape Winelands District

In 2020, the Cape Winelands district was the second largest contributor to the provincial GDP, contributing ZAR42.49bn in
2020. Moreover, the district also saw a decline in output which decreased by 5.46% from the 2019 value of ZAR44.94bn.

In terms of labour, the district accounted for 15.43% of the province’s employment, employing 373 684 from a working age
population of 650 709. The district’s unemployment rate stood at 10.76% in 2020.

Looking at trade performance, the district’s exports reached ZAR36.03bn in 2020, while imports stood at ZAR13.71bn, thereby
making the region a net exporter of goods with a positive trade balance of ZAR22.32bn in 2020. The top export product by the
district was wine (ZAR7.37bn) and the top import product was petroleum oils (ZAR1.72bn). The Netherlands was the top
destination market for the region’s exports at a value of ZAR6.01bn and China the top source market for its imports at a value
of ZAR5.17bn.

Source: Quantec, 2021

Sector GDP

The table below displays the Cape Winelands’s GDP per sector between 2019 and 2020.

The Finance, insurance, real estate and business services sector was the largest contributing sector in 2020, accounting for
26% of the district’s GDP, at a value of ZAR11.13bn. The sector declined by 2.71% between 2019 (ZAR11.43bn) and 2020
(ZAR11.13bn). The Wholesale and retail trade, catering and accommodation sector came second, accounting for 17% of the
region’s GDP at a value of ZAR7.2bn, albeit declining by 9.51% from the 2019 value of ZAR7.96bn. The manufacturing sector
was the third largest contributor to Cape Winelands’s GDP, accounting for 14% (ZAR5.97bn), likewise declining by 10.86%
from the 2019 value of ZAR6.7bn.

                                     CAPE WINELANDS' GDP PER SECTOR, 2019-2020
                                                                                                                  GROWTH
                                                                         VALUE          VALUE       % SHARE
                                                                                                                  RATE %,
                                                                                                                                 14
                                SECTOR                                    2019           2020       OF GDP,
                                                                                                                   (2019-
                                                                        (ZARbn)        (ZARbn)        2020
                                                                                                                   2020)
 Finance, insurance, real estate and business services                       11.43         11.13       26.19%         -2.71%
 Wholesale and retail trade, catering and accommodation                       7.96           7.2       16.95%         -9.51%
 Manufacturing                                                                   6.7        5.97       14.05%        -10.86%
 Agriculture, forestry and fishing                                            3.99          4.44       10.46%         11.48%
 General government                                                           4.39          4.41       10.37%          0.36%
 Community, social and personal services                                         3.5        3.43         8.08%        -1.90%
 Transport, storage and communication                                         3.97           3.4         8.01%       -14.32%
 Construction                                                                 2.25           1.8         4.24%       -19.77%
 Electricity, gas and water                                                   0.67          0.63         1.49%        -6.11%
 Mining and quarrying                                                         0.08          0.06         0.15%       -18.54%
 TOTAL                                                                       44.94         42.49      100.00%         -5.46%
Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)
Sector employment

The graph above provides an overview of employment by economic sector in the Cape Winelands District in 2020. The
Wholesale and retail trade, catering and accommodation sector was the biggest employer for the region in 2020, accounting
for 23% of the region’s total employment. This was followed by the agriculture, forestry and fishing sector in second place,
accounting for 21% of employment. In third place was the finance, insurance, real estate and business services sector,
employing up to 15% of the district’s labour.

                         SECTOR CONTRIBUTION TO EMPLOYMENT IN CAPE
                                  WINELANDS DISTRICT, 2020

                                 Mining and quarrying      0.04%
                             Electricity, gas and water    0.27%
                Transport, storage and communication               3.76%
                                          Construction               5.03%
                                        Manufacturing                      7.82%
                                  General government                             9.96%
              Community, social and personal services                                    13.65%
          Finance, insurance, real estate and business…                                    15.27%
                       Agriculture, forestry and fishing                                                   21.34%
               Wholesale and retail trade, catering and…                                                     22.87%

                                                      0.00%     5.00%      10.00%    15.00%       20.00%    25.00%

        Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)

Manufacturing sector breakdown                                                                                                 15

The Cape Winelands District manufacturing sector breakdown in 2020 is shown in the figure below. Food, beverages and
tobacco was the largest contributor to the district’s manufacturing sector, accounting for 40%. This was followed by the
petroleum products, chemicals, rubber and plastic at 16% and the metals, metal products, machinery and equipment
manufacturing at 12%.

                 CAPE WINELAANDS MANUFACTURING SECTOR BREAKDOWN, 2020
  Radio, TV,                                 Furniture; other
 instruments,                                 manufacturing
                 Transport equipment
 watches and                                        8%
                          5%
    clocks
      1%       Electrical
            machinery and
              apparatus
                  1%                                                       Food, beverages and
       Metals, metal                                                             tobacco
         products,                                                                 40%
       machinery and
        equipment                     Petroleum products,
           12%                       chemicals, rubber and
           Other non-metal                   plastic
           mineral products                   16%
                  4%

                                                                                            Textiles, clothing and
                                                                             Wood and paper; leather goods
                                                                           publishing and printing 4%
                                                                                     9%
Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)
Service sector breakdown

The business service sub-sector was the largest contributor to the region’s services sector in 2020, accounting for 28% of
output. This was followed by wholesale and retail trade (23%) and general government (15%).

                    CAPE WINELANDS SERVICES SECTOR BREAKDOWN, 2020
                     Communication                 Catering and
                         3%                       accommodation
                                                     services
                 Transport and storage
                                                       1%
                          8%

     Finance and insurance                                                       Business services
             10%                                                                       28%

                       Community, social and
                         personal services
                               12%

                                                                                   Wholesale and retail
                                                                                         trade
                                  General government                                     23%
                                         15%

Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)

                                                                                                                             16
Sector Distribution

For contribution to GDP by subsectors in 2020, business services was the biggest contributor, accounting for 20% of output. This was
followed by wholesale and retail trade at 16% and agriculture, forestry and fishing at 10%.

                           CAPE WINELANDS SECTOR DISTRIBUTION, 2020

                                     Business services                                          19.26%

                             Wholesale and retail trade                                    15.86%

                        Agriculture, forestry and fishing                         10.46%

                                   General government                             10.37%

              Community, social and personal services                      8.08%

                                Finance and insurance                     6.94%

                                 Transport and storage                  5.71%

                         Food, beverages and tobacco                    5.62%

                                           Construction            4.24%

                                        Communication           2.30%

            Petroleum products, chemicals, rubber and
                             plastic
                                                                2.24%                                                             17
                Metals, metal products, machinery and
                                                               1.65%
                              equipment

                              Electricity, gas and water       1.49%

               Wood and paper; publishing and printing         1.23%

                        Furniture; other manufacturing         1.13%

                 Catering and accommodation services           1.09%

                                                       0.00%     5.00%    10.00%    15.00%   20.00%   25.00%

          Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)
Companies

The table below shows some of the notable companies within the Cape Winelands District.

                               SELECTED COMPANIES IN THE CAPE WINELANDS DISTRICT DISTRICT

      COMPANY NAME                MUNICIPALITY                   SECTOR                               BUSINESS ACTIVITY
                                                                                          Wholesale & Commission Trade, Except Of
 Kaap Agri Ltd                         Paarl             Wholesale and Retail Trade
                                                                                              Motor Vehicle And Motor Cycles
                                                                                           Manufacture: Coke, Refined Petroleum
 Afriplex (Pty) Ltd                    Paarl                   Manufacturing
                                                                                                   Products & Chemicals
                                                                                          Wholesale & Commission Trade, Except Of
 Core Fruit (Pty) Ltd                  Paarl             Wholesale and Retail Trade
                                                                                              Motor Vehicle And Motor Cycles
                                                    Agriculture, Hunting, Forestry
 Casidra SOC Ltd                    South Paarl                                               Agriculture, Hunting & Related Services
                                                    and Fishing
                                                    Financial Intermediation,
 Freedom Property Fund Ltd             Paarl        Insurance, Real Estate and                         Real Estate Activities
                                                    Business Services
                                                    Financial Intermediation,
                                                                                         Financial Intermediation, Except Insurance &
 Niveus Investments Ltd                Paarl        Insurance, Real Estate and
                                                                                                        Pension Funding
                                                    Business Services
 RFG Holdings Ltd                      Paarl                   Manufacturing              Manufacture: Food Products & Beverages
                                                           Financial Intermediation,
                                                                                         Financial Intermediation, Except Insurance &
 Capitec Bank Holdings Ltd          Stellenbosch         Insurance, Real Estate and
                                                                                                        Pension Funding
                                                              Business Services
 Distell Group Holdings Ltd         Stellenosch                 Maufacturing              Manufacture: Food Products & Beverages
                                                           Financial Intermediation,
                                                                                         Financial Intermediation, Except Insurance &
 Remgro Ltd                         Stellenbosch         Insurance, Real Estate and
                                                                                                        Pension Funding
                                                             Business Services
 Mediclinic International                                  Community, Social and
                                    Stellenbosch                                                       Health & Social Work
 (RF) (Pty) Ltd                                              Personal Services
                                                                                        Manufacture: Wood & Wood Products, Paper,
 Paarl Media Paarl (Pty) Ltd           Paarl                   Manufacturing
                                                                                                  Printing And Publishing               18
Source: WhoOnwsWhom, 2021

Inward FDI investments

The table below shows inward FDI investments from the global economy into the Cape Winelands between July 2019 and
July 2021.

The biggest investment (in terms of capex) made during the period was by Trevalli Mining company from Canada in July 2021.
The company invested in the Software and IT services industry with capital expenditure of USD53.7m and creating 51 jobs.

                         TOP FDI INVESTMNETS INTO THE CAPE WINELANDS, JUL 2019 - JUL 2021
                        INVESTING          SOURCE          INDUSTRY                                     CAPEX
     DATE                                                                 BUSINESS ACTIVITY                           JOBS
                         COMPANY           COUNTRY          SECTOR                                      (USDm)
         Jul     Trevali Mining                            Software &     Research &
                                           Canada                                                              53.7       51
       2021      Corporation                               IT services    Development
        Mar                                                Software &
                 Worth Internet Systems    Netherlands                    Business Services                     5.5      137
       2021                                                IT services
        Feb                                                Business
                 Skema                     France                         Education & Training                  6.9       37
       2020                                                services
     TOTAL                                                                                                     66.1      225
   Source: FDI Intelligence, 2021
2.4 Overberg District

In 2020, the Overberg District was the fifth largest contributor to the provincial GDP, contributing ZAR12.88bn, although output
declined by 5.12% from the 2019 value of ZAR13.58bn.

With regards to labour, the district accounted for 5.15% of the province’s employment, employing 124 838 people, from a
working age population of 202 359. The region’s unemployment rate stood at 10.91% in 2020.

Turning to the district’s trade with the globe in 2020. The district’s exports reached ZAR3.11bn in 2020 while imports stood at
ZAR1.11bn, making the region a net exporter of goods with a trade balance of ZAR2.00bn. The top export product by the
district were apples and pears (ZAR681.67m) and the top import product was fruit juices (ZAR112.38m). The Netherlands
was the district’s top destination market with exports valued at ZAR489.36m and China the top source market for its imports
at a value of ZAR144.98m.

Source: Quantec, 2021

Sector GDP

The table below presents Overberg’s GDP per sector between 2019 and 2020.

The finance, insurance, real estate and business services sector was the largest contributor to GDP in this region in 2020,
accounting for 26% of the district’s GDP, at a value of ZAR3.35bn. The sector declined by 2.24% between 2019 (ZAR3.43bn)
and 2020 (ZAR3.35bn). The wholesale and retail trade, catering and accommodation sector came second, accounting for
18% of the region’s GDP at a value of ZAR2.27bn, declining by 9.65% from the 2019 value of ZAR2.51bn. The manufacturing
sector was the third largest contributor to Cape Winelands’s GDP, accounting for 13% (ZAR1.71bn), similarlydeclining by
7.62% from the 2019 value of ZAR1.85bn.

                                        OVERBERG'S GDP PER SECTOR, 2019-2020

                                                                         VALUE          VALUE       % SHARE         GROWTH         19
                               SECTOR                                     2019           2020       OF GDP,          RATE %,
                                                                        (ZARbn)        (ZARbn)        2020         (2019-2020)
 Finance, insurance, real estate and business services                        3.43          3.35        26.03%           -2.24%
 Wholesale and retail trade, catering and accommodation                       2.51          2.27        17.63%           -9.65%
 Manufacturing                                                                1.85          1.71        13.26%           -7.62%
 Agriculture, forestry and fishing                                            1.34          1.49        11.58%          11.53%
 Transport, storage and communication                                         1.37          1.17         9.10%         -14.46%
 General government                                                           1.15          1.16         8.98%           0.18%
 Community, social and personal services                                      0.95          0.93         7.21%           -2.02%
 Construction                                                                 0.74          0.59         4.55%         -21.22%
 Electricity, gas and water                                                   0.22          0.20         1.59%           -6.55%
 Mining and quarrying                                                         0.01          0.01         0.08%         -18.86%
 TOTAL                                                                       13.58         12.88       100.00%           -5.12%
Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)
Sector employment

The graph below provides an overview of employment by economic sector in the Overberg District in 2020. The wholesale
and retail trade, catering and accommodation sector was the biggest employer for the region in 2020, accounting for 23% of
the region’s total employment. This as followed by the agriculture, forestry and fishing sector in second place, accounting for
21% of employment. In third place was the finance, insurance, real estate and business services sector, employing up to 16%
of the district’s labour.

                                 OVERBERG SECTOR EMPLOYMENT, 2020

                                      Mining and quarrying      0.02%
                                  Electricity, gas and water    0.28%
                    Transport, storage and communication                4.24%
                                               Construction               5.77%
                                             Manufacturing                      7.80%
                                       General government                       8.35%
                  Community, social and personal services                               12.69%
              Finance, insurance, real estate and business…                                    16.47%
                            Agriculture, forestry and fishing                                            21.02%
                   Wholesale and retail trade, catering and…                                             23.36%

            Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)

Manufacturing sector breakdown
                                                                                                                                  20
Overberg’s manufacturing sector breakdown in 2020 is shown in the figure below. food, beverages and tobacco was the
largest contributor to the district’s manufacturing sector, accounting for 35% of output. This was followed by the petroleum
products, chemicals, rubber and plastic at 16% and the metals, metal products, machinery and equipment manufacturing at
15%.

                     OVERBERG MANUFACTURING SECTOR BREAKDOWN, 2020
                                                             Electrical          Radio, TV,
                                                           machinery and        instruments,
                                        Textiles, clothing  apparatus           watches and
                       Other non-metal
                                        and leather goods       1%                 clocks
                       mineral products
                                               4%                                    1%
                             5%
                   Transport equipment
                            6%
        Wood and paper;
      publishing and printing                                                      Food, beverages and
                8%                                                                       tobacco
                                                                                           35%
                                   Furniture; other
                                   manufacturing
                                         9%
                                              Metals, metal products,      Petroleum products,
                                                 machinery and            chemicals, rubber and
                                                    equipment                     plastic
                                                       15%                         16%
Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)

Services sector breakdown

The business service sub-sector was the largest contributor to the region’s services sector in 2020, accounting for 29% of
output. This was followed by wholesale and retail trade (24%) and general government (13%).

                          OVERBERG SERVICE SECTOR BREAKDOWN, 2020
                                                   Catering and
                                                  accommodation
                                    Communication    services
                                        3%             2%
               Finance and
                insurance
                   9%
     Transport and
                                                                          Business services
        storage
                                                                                29%
          10%

                        Community, social
                       and personal services
                               10%

                                                                          Wholesale and retail
                               General government                               trade
                                      13%                                       24%

   Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)

                                                                                                                             21
Sector Distribution

For contribution to GDP by subsectors in 2020, business services was the biggest contributor, accounting for 20% of output. This was
followed by wholesale and retail trade at 17% and agriculture, forestry and fishing at 12%.

                                OVERBERG SECTOR DISTRIBUTION, 2020

                                      Business services                                         19.69%

                              Wholesale and retail trade                                    16.55%

                         Agriculture, forestry and fishing                         11.58%

                                    General government                          8.98%

               Community, social and personal services                     7.21%

                                  Transport and storage                   6.67%

                                 Finance and insurance                    6.34%

                          Food, beverages and tobacco                   4.70%

                                            Construction            4.55%

                                         Communication           2.43%

                  Petroleum products, chemicals, rubber
                                                                 2.07%
                               and plastic                                                                                        22
                 Metals, metal products, machinery and
                                                                 1.95%
                               equipment

                               Electricity, gas and water       1.59%

                          Furniture; other manufacturing        1.27%

                Wood and paper; publishing and printing         1.13%

                  Catering and accommodation services           1.08%

                                                        0.00%    5.00% 10.00% 15.00% 20.00% 25.00%

             Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)
Companies

The table below shows some of the notable companies within the Cape Winelands District.

                                      SELECTED COMPANIES IN THE OVERBERG DISTRICT
           COMPANY NAME                    MUNICIPALITY                SECTOR                     BUSINESS ACTIVITY
                                                                                              Manufacture : Food Products &
 Appletiser South Africa (Pty) Ltd            Grabouw               Manufacturing
                                                                                                        Beverages
 South African Breweries Barley Farm                                                          Manufacture : Food Products &
                                              Caledon               Manufacturing
 (Pty) Ltd (The)                                                                                        Beverages
 South African Breweries Maltings (Pty)                      Agriculture, Hunting, Forestry   Agriculture, Hunting & Related
                                              Caledon
 Ltd (The)                                                            and Fishing                        Services
Source: WhoOwnsWhom, 2021

Inward FDI investments

The table below shows the inward FDI investments from the global economy into Overberg between July 2019 and July 2021.

During the period, only one FDI investment was made by South African Breweries in Belgium, investing USD5.24m in the food
and beverages industry.

                       TOP FDI INVESTMNETS INTO THE OVERBERG DISTRICT, JUL 2019 - JUL 2021
             INVESTING                                                               BUSINESS            CAPEX
 DATE                                SOURCE COUNTRY     INDUSTRY SECTOR                                               JOBS
              COMPANY                                                                ACTIVITY            (USDm)
  Sep-    South African                                                          Research &
                                 Belgium                Food & Beverages                                       5.24         17
    19    Breweries                                                              Development
 TOTAL                                                                                                         5.24         17
Source: FDI Intelligence, 2021

                                                                                                                                 23
2.5 Eden District/Garden Route District

In 2020, the Eden District was the third largest contributor to the provincial GDP, contributing ZAR28.30bn, although output
declined by 6.26% from the 2019 value of ZAR30.19bn.

With regards to labour, the district accounted for 8.94% of the provincial employment, employing 216 584 people from a
working age population of 405 818. The district’s unemployment rate stood at 15.38% in 2020.

Turning to the district’s trade with the global economy in 2020. Total exports reached ZAR4.26bn, and imports stood at
ZAR6.22bn, making the region a net importer of goods with a trade balance of -ZAR1.96bn. The top export product by the
district was citrus fruit (ZAR1.05bn) and the top import product was petroleum oils (ZAR3.06bn). The Netherlands was the
district’s top destination market for its exports at a value of ZAR496.99m and India was the top source market for its imports
at a value of ZAR1.18bn.

Source: Quantec, 2021

Sector GDP

The table below presents Eden’s GDP per sector between 2019 and 2020.

The finance, insurance, real estate and business services sector was the largest contributor to GDP in this region in 2020,
accounting for 32%, at a value of ZAR9.18bn. The sector declined by 3.22% between 2019 (ZAR9.48bn) and 2020
(ZAR9.18bn). The wholesale and retail trade, catering and accommodation sector came second, accounting for 16% of the
region’s GDP at a value of ZAR4.54bn, declining by 10.40% from the 2019 value of ZAR5.07bn. The manufacturing sector
was the third largest contributor to Eden’s GDP, accounting for 13% (ZAR3.79bn), similarly adeclining by 9.65% from the 2019
value of ZAR4.19bn.

                                          EDEN'S GDP PER SECTOR, 2019-2020

                                                                       VALUE         VALUE        % SHARE        GROWTH          24
                              SECTOR                                    2019          2020        OF GDP,         RATE %,
                                                                      (ZARbn)       (ZARbn)         2020        (2019-2020)
Finance, insurance, real estate and business services                       9.48          9.18       32.43%           -3.22%
Wholesale and retail trade, catering and accommodation                      5.07          4.54       16.04%          -10.40%
Manufacturing                                                               4.19          3.79       13.38%           -9.65%
General government                                                          2.85          2.84       10.05%           -0.02%
Transport, storage and communication                                        2.90          2.47         8.74%         -14.70%
Community, social and personal services                                     2.06          2.01         7.11%          -2.39%
Agriculture, forestry and fishing                                           1.57          1.76         6.22%         12.25%
Construction                                                                1.40          1.09         3.85%         -22.14%
Electricity, gas and water                                                  0.58          0.54         1.90%          -7.06%
Mining and quarrying                                                        0.10          0.08         0.28%         -18.44%
TOTAL                                                                     30.19          28.30      100.00%           -6.26%
Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)
Sector employment

The graph below provides an overview of employment by economic sector in the Eden District in 2020. The wholesale and
retail trade, catering and accommodation sector was the biggest employer for the region in 2020, accounting for 25% of the
region’s total employment. This was followed by the finance, insurance, real estate and business services sector in second
place, accounting for 18% of employment. In third place was the community, social and personal services sector, employing
up to 12% of the district’s labour.

                                      EDEN SECTOR EMPLOOYMENT, 2020

                                      Mining and quarrying      0.07%
                                  Electricity, gas and water    0.38%
                    Transport, storage and communication                4.51%
                                               Construction               5.75%
                                             Manufacturing                      8.77%
                                       General government                         10.42%
                            Agriculture, forestry and fishing                        12.22%
                  Community, social and personal services                               14.16%
              Finance, insurance, real estate and business…                                    18.42%
                   Wholesale and retail trade, catering and…                                               25.29%

             Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)

Manufacturing sector breakdown
                                                                                                                                 25
Eden’s manufacturing sector breakdown in 2020 is shown in the figure below. Food, beverages and tobacco was the largest
contributor to the district’s manufacturing sector, accounting for 32% of output. This was followed by the petroleum products,
chemicals, rubber and plastic at 18% and the metals, metal products, machinery and equipment manufacturing at 13%.

                                                                                                                Radio, TV,
                         EDEN MANUFACTURING SECTOR BREADOWN, 2020                                              instruments,
                                                                        Electrical machinery                   watches and
                                                Textiles, clothing         and apparatus                          clocks
                               Other non-metal and leather goods                 1%                                 1%
                               mineral products        4%
                                     4%
                   Transport equipment
                           6%
                   Furniture; other                                                  Food, beverages and
                   manufacturing                                                           tobacco
                        10%                                                                  32%

                                   Wood and paper;
                                 publishing and printing
                                          11%

                                                     Metals, metal                 Petroleum products,
                                                 products, machinery              chemicals, rubber and
                                                    and equipment                         plastic
                                                         13%                               18%

  Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)
Services sector breakdown

The business service sub-sector was the largest contributor to the region’s services sector in 2020, accounting for 32% of
output. This was followed by wholesale and retail trade (20%) and general government (13%).

                             EDEN SERVICE SECTPR BREAKDOWN, 2020

                                     Communication          Catering and
                                         4%                accommodation
                                                              services
                                                                2%
                       Transport and storage
                                8%
            Community, social
           and personal services                                                    Business services
                   9%                                                                     32%

                             Finance and
                              insurance
                                 12%

                                                                              Wholesale and retail
                                      General government
                                                                                    trade
                                             13%
                                                                                    20%

   Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)

                                                                                                                             26
Sector Distribution

For contribution to GDP by subsectors in 2020, business services was the biggest contributor, accounting for 24% of output. This was
followed by wholesale and retail trade at 15% and general government at 10%.

                                     EDEN SECTOR DISTRIBUTION, 2020

                                      Business services                                             23.67%

                              Wholesale and retail trade                                   14.86%

                                    General government                            10.05%

                                 Finance and insurance                          8.75%

               Community, social and personal services                     7.11%

                         Agriculture, forestry and fishing               6.22%

                                  Transport and storage                 5.67%

                          Food, beverages and tobacco                 4.28%

                                            Construction           3.85%

                                         Communication           3.07%
                                                                                                                                  27
             Petroleum products, chemicals, rubber and
                                                                2.45%
                              plastic

                               Electricity, gas and water      1.90%

                  Metals, metal products, machinery and
                                                               1.77%
                                equipment

                Wood and paper; publishing and printing       1.43%

                          Furniture; other manufacturing      1.28%

                  Catering and accommodation services         1.18%

Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)
Inward FDI investments

The table below shows the inward FDI investments from the global economy into Eden between July 2019 and July 2021.

During the period, two FDI investment were made into the region, by Klinger South Africa of Austria, investing USD3.0m in
the Industrial equipment industry. The second investment was by the company Mallcomm from the United Kingdom, investing
US5.2m into the Software and IT services industry.

                                 TOP FDI INVESTMENTS INTO EDEN, JUL 2019 - JUL 2021

                   INVESTING         SOURCE            INDUSTRY                                       CAPEX
   DATE                                                                    BUSINESS ACTIVITY                      JOBS
                   COMPANY           COUNTRY            SECTOR                                        (USDm)
               Klinger South                                              Sales, Marketing &
     Nov-19                          Austria       Industrial equipment                                      3        12
               Africa                                                     Support
                                     United        Software & IT          Sales, Marketing &
      Jul-21   Mallcomm                                                                                    5.2         9
                                     Kingdom       services               Support
TOTAL                                                                                                      8.2        21
Source: FDI Intelligence, 2021

                                                                                                                            28
2.6 Central Karoo District

In 2020, the Central Karoo District contributed the least to the provincial GDP among the six districts. The regions GDP stood
at ZAR1.88bn and declined by 4.00% from the 2019 value of ZAR1.96bn.

With regards to labour, the district accounted for 0.76% of the provincial employment, employing 18 3010 people from a
working age population of 46 383. The district’s unemployment rate stood at 20.32% in 2020, higher than the provincial rate
of 18.91%.

Turning to the district’s trade with the global economy in 2020. Total exports reached ZAR113.90m, and imports stood at
ZAR48.33m, making the region a net exporter of goods with a trade balance of ZAR65.57m. The top export product by the
district were molluscs (ZAR27.51m) and the top import product was butter and other fats (ZAR34.33m). Namibia was the
district’s top destination market for its exports at a value of ZAR36.20m and the United Kingdom the top source market for its
imports at a value of ZAR31.85m.

Source: Quantec, 2021

Sectors GDP

The table below presents Central Karoo’s GDP per sector between 2019 and 2020.

General government was the largest contributor to GDP in this region in 2020, accounting for 22%, at a value of ZAR421m.
The sector increased by 1.20% between 2019 (ZAR416m) and 2020. The agriculture, forestry and fishing sector came second,
accounting for 18% of the region’s GDP at a value of ZAR339m, also increasing, by 10.78% from the 2019 value of ZAR306m.
The finance, insurance, real estate and business services sector was the third largest contributor to the region’s GDP,
accounting for 14% (ZAR264m), although declining by 3.30% from the 2019 value of ZAR273m.

                                     CENTRAL KAROO’S GDP BY SECTOR, 2019-2020
                                                                                                                 GROWTH
                         SECTOR
                                                           VALUE 2019       VALUE 2020       % SHARE OF
                                                                                                                  RATE %,        29
                                                             (ZARm)           (ZARm)          GDP, 2020
                                                                                                                (2019-2020)
General government                                                   416              421           22.41%              1.20%
Agriculture, forestry and fishing                                    306              339           18.05%             10.78%
Finance, insurance, real estate and business services                273              264           14.04%             -3.30%
Wholesale and retail trade, catering and accommodation               285              253           13.47%            -11.23%
Transport, storage and communication                                 267              223           11.85%            -16.48%
Community, social and personal services                              198              194           10.30%             -2.02%
Electricity, gas and water                                            75               70            3.74%             -6.67%
Construction                                                          83               65            3.46%            -21.69%
Manufacturing                                                         54               49            2.62%             -9.26%
Mining and quarrying                                                   1                1            0.04%              0.00%
TOTAL                                                              1 958            1 879          100.00%             -4.03%
Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)
Sector employment

The graph below provides an overview of employment by economic sector in the Central Karoo in 2020. The agriculture,
forestry and fishing sector was the biggest employer for the region in 2020, accounting for 25% of the region’s total
employment. This was followed by wholesale, and retail trade sector in second place, accounting for 22% of employment. In
third place was general government, employing up to 19% of the district’s labour.

                            CENTRAL KAROO SECTOR EMPLOYMENT, 2020

                                        Mining and quarrying     0.01%

                                    Electricity, gas and water   0.58%

                                               Manufacturing      1.53%

                                                Construction             4.08%

                    Transport, storage and communication                 4.41%

              Finance, insurance, real estate and business…                      8.41%

                 Community, social and personal services                                    15.41%

                                        General government                                        18.72%

                  Wholesale and retail trade, catering and…                                            22.11%

                            Agriculture, forestry and fishing                                                 24.74%

            Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)

Manufacturing sector breakdown

The figure below shows the contribution share of the Central Karoo’s manufacturing sub-sectors to the Central Karoo’s GDP           30
in 2020 Food, beverages and tobacco was the largest contributor to the Central Karoo’s manufacturing sector, accounting for
54%, followed by other non-metal mineral products at 14%.

               CENTRAL KAROO MANUFACTURING SECTOR BREAKDOWN, 2020                                                      Electrical
                                                                                                                       machiner
                                    Wood and paper;            Radio, TV,                Textiles, clothing
                                                                                                                         y and
                                 publishing and printing instruments, watches            and leather goods
                                                                                                                       apparatu
                                           2%                  and clocks                       1%
               Petroleum products,                                                                                         s
                                        Transport equipment       1%                                                      0%
              chemicals, rubber and
                      plastic                   4%
                       8%
                 Furniture; other
                 manufacturing
                       8%

                                                                                              Food, beverages and
                                                                                                    tobacco
                                                                                                      54%

          Metals, metal                   Other non-metal
      products, machinery                 mineral products
         and equipment                         14%
              8%

  Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)
Service sector breakdown

General government was the largest contributor to the Central Karoo’s services sector in 2020, accounting for 31%, followed
by wholesale and retail trade (17%), community, social and personal and business services both at 14% respectively.

                     CENTRAL KAROO SERVICES SECTOR BREAKDOWN, 2020
                                                                                         Catering and
                                                 Communication                          accommodation
                                                     4%                                    services
                    Finance and insurance                                                    2%
                             5%

                                                                                 General government
                              Transport and storage
                                                                                        31%
                                      13%

                        Business services
                              14%

                                                                                 Wholesale and retail
                                            Community, social and                      trade
                                              personal services                        17%
                                                    14%

Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)

                                                                                                                              31
Sector Distribution

For contribution to GDP by subsectors in 2020, general government was the biggest-contributor, accounting for 22% of output. This was
followed by agriculture, forestry and fishing at 18% and wholesale and retail trade at 12%.

                                 CENTRAL KAROO SECTOR DISTRIBUTION, 2020

                                          General government                                                22.41%

                               Agriculture, forestry and fishing                                   18.05%

                                    Wholesale and retail trade                          12.08%

                     Community, social and personal services                         10.30%

                                            Business services                        9.95%

                                        Transport and storage                      9.15%

                                       Finance and insurance               4.08%

                                     Electricity, gas and water            3.74%

                                                  Construction           3.46%

                                               Communication           2.70%
                                                                                                                                   32
                                Food, beverages and tobacco           1.41%

                        Catering and accommodation services           1.39%

                            Other non-metal mineral products       0.37%

                       Metals, metal products, machinery and
                                                                   0.22%
                                     equipment

                                Furniture; other manufacturing     0.21%

                   Petroleum products, chemicals, rubber and
                                                                   0.20%
                                    plastic

                                         Transport equipment       0.12%

                      Wood and paper; publishing and printing      0.06%

                                                              0.00%    5.00%     10.00% 15.00% 20.00% 25.00%
              .
                  Source: Quantec, 2021 (*GVA at basic prices) (*values in constant 2010 prices)
Companies

    The Central Karoo is particularly well known for growing mohair and producing Karoo lamb. The mohair production is encouraged through
    the Beaufort West Mohair Growers Association, and Karoo lamb is protected under the “Karoo Meat of Origin” certification scheme.
    The table below shows some of the companies in the central Karoo district.

                                        SELECTED COMPANIES IN THE CENTRAL KAROO DISTRICT
                COMPANY NAME                                 MUNICIPALITY                          SECTOR                       BUSINESS ACTIVITY
 Hydroponics Beaufort West Abattoir                           Beaufort West                       Agriculture                              Food
 Prince Albert Abattoir (KarooMeatofOrigin)                    Prince Albert                      Agriculture                              Food
 Laingsburg Abattoir (KarooMeatofOrigin)                        Laingsburg                        Agriculture                              Food
 Scheurfontein Farm (KarooMeatofOrigin)                       Beaufort West                       Agriculture                              Food
 Slagterspoort Farm (KarooMeatofOrigin)                        Prince Albert                      Agriculture                              Food
 Stellenbosvlei Farm (KarooMeatofOrigin)                      Beaufort West                       Agriculture                              Food
 Poortjiewes Farm (KarooMeatofOrigin)                         Beaufort West                       Agriculture                              Food
 Pypfontein Farm (KarooMeatofOrigin)                          Beaufort West                       Agriculture                              Food
 Toornfontein Farm (KarooMeatofOrigin)                        Beaufort West                       Agriculture                              Food
 Vlermuisgat Farm (KarooMeatofOrigin)                         Beaufort West                       Agriculture                              Food
 Kruidfontein Farm (KarooMeatofOrigin)                        Beaufort West                       Agriculture                              Food
 Karoo Looms (mohair production)                               Prince Albert               Manufacture and Retail             Home textiles and Apparel
 Wolskuur Spinners (mohair production)                         Prince Albert                     Manufacture                         Home textiles
 Prince of Africa Crafts (mohair retail)                       Prince Albert                         Retail                         Décor & Apparel
 Bergwater Vineyards                                           Prince Albert                         Retail                                Wine
 Kredouw Olive Estate                                          Prince Albert                      Agriculture                              Food
 Prince Albert Tannery                                         Prince Albert                      Agriculture                            Leather
 SV Transport                                                  Central Karoo                       Transport                          Motor Retail
 Toyota Dealers                                                Central Karoo                       Transport                          Motor Retail
                                                                                                                                                              33
 Karoo National Park                                           Central Karoo                        Tourism                         Accommodation
 Prince Albert Game Farm                                       Prince Albert                        Tourism                         Accommodation
 Beaufort West Game Farm                                      Beaufort West                         Tourism                         Accommodation
Source: Central Karoo District Municipality, http://www.karoomeatoforigin.com/

    Disclaimer: Wesgro has taken every effort to ensure that the information in this publication is accurate. We provide said information without
    representation or warranty whatsoever, whether expressed or implied. It is the responsibility of users of this publication to satisfy themselves of the
    accuracy of information contained herein. Wesgro cannot be held responsible for the contents of the publication in any way.

    © Wesgro, 2021.
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