Funded by the Western Cape Department of Agriculture, the Agribusiness Investment Unit (AIU) secured project investments amounting to R150m during the first quarter of 2018/2019. This will help create 300 new jobs in the agribusiness sector. Although the drought in the Western Cape proved a challenging environment to land investment, the AIU made it possible to sell the province as an agribusiness investment destination.
This was done by:
• Embarking on outward missions to Germany, the USA, Malaysia and the United Kingdom;
• Hosting inward delegations from Austria, Germany, the USA and the UK;
• Attending seven local conferences and meeting with 80 local companies; and
• Meeting with four foreign embassies.