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