The R350-million expansion of Albany Bakeries in Belville, Western Cape is a sign of confidence in the Cape economy, said Tim Harris, CEO of trade promotion agency Wesgro.
“We intend to do everything we can to maintain confidence in the economy so that even more projects like these come to fruition. We warmly welcome Tiger Brands' announcement that they will be investing over R800 million in the Western Cape," said Harris.
He highlighted that over the past three years Wesgro had facilitated a number of expansions in industries such as manufacturing, infrastructure, real estate, textiles and film.
“These expansions have attracted over R2 billion in foreign direct investment and created over 1 000 jobs for the province,” Harris added.
