Economic Development

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• Economic Development Tourism
• Introducing the Western Capes
• Micro-Economic Development Strategy MEDS
• Lynne Brown
  17 November 2004

the two key issues
confronting our people creating work and
fighting poverty.

Premier Ebrahim Rasool, April 2004
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• Economic Development Tourism
• The Global Economy
• The Western Cape economy is less than one ten
  thousandth of the global economy
• We are price takers
• Our place in the Global division of labour

the two key issues
confronting our people creating work and
fighting poverty.

Premier Ebrahim Rasool, April 2004
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• Economic Development Tourism
• The Global business environment
• There are very powerful forces operating in the
  global business environment
• Currency fluctuations
• Agricultural subsidies
• Technological advances
• Primary Secondary sector job-shedding
• Mobility of manufacturing plants and jobs

the two key issues
confronting our people creating work and
fighting poverty.

Premier Ebrahim Rasool, April 2004
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• Economic Development Tourism
• The Western Cape economy 1
• If the economy continues on its present
  trajectory without intervention, the future is
  bleak for the lower skilled workers and the
  unemployed
• One in four potential workers unemployed Youth,
  Over 40s
• Lower capacity to absorb school leavers and
  low-skilled workers
• A skills mismatch

the two key issues
confronting our people creating work and
fighting poverty.

Premier Ebrahim Rasool, April 2004
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• Economic Development Tourism
• The Western Cape economy 2
• High potential growth sectors vulnerable to
  exogenous shocks
• Labour intensive sectors highly sensitive to
  currency fluctuations
• Significant in-migration of lower skilled job
  seekers
• Marginalization of the masses low levels of
  participation

the two key issues
confronting our people creating work and
fighting poverty.

Premier Ebrahim Rasool, April 2004
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• Economic Development Tourism
• Where we want to be 1
•  
• A growing, sustainable globally competitive,
  labour
• absorbing regional economy
• Unemployment below 10 percent
• A thriving, dynamic Culture of Entrepreneurship

the two key issues
confronting our people creating work and
fighting poverty.

Premier Ebrahim Rasool, April 2004
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• Economic Development Tourism
• Where we want to be 2  
• All citizens participating fully at all levels
  of Ownership,
• Control, Management and Employment within
  all sectors
• Differently skilled workforce able to cope
  well with
• changes stemming from the global forces
  able to
• participate effectively in the global
  environment both here
• and abroad

the two key issues
confronting our people creating work and
fighting poverty.

Premier Ebrahim Rasool, April 2004
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• Economic Development Tourism
• 10 Year Targets
• Number of enterprises created 15,000 to 30,000
• Number of jobs created 200,000 to 450,000
• Entrepreneurs/business operators enskilled
  10,000 to 12,000

the two key issues
confronting our people creating work and
fighting poverty.

Premier Ebrahim Rasool, April 2004
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• Economic Development Tourism
• How we get there 1
•  
• Government and its social partners make
  extraordinary interventions in
• the economy over the next 25 years
•  
• - Based on a fully integrated social and
  economic growth development plan
• for the Western Cape (iKapa
  elihlumayo)
•  
• - Such a plan integrates all the key
  strategies and approaches of the PGWC
• seamlessly

the two key issues
confronting our people creating work and
fighting poverty.

Premier Ebrahim Rasool, April 2004
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10

• Economic Development Tourism
•  How we get there 2
• A core component of such an integrated social
  and economic growth
• development plan is a rigorous, constantly
  updated micro-economic
• development strategy
• - which articulates possible
  interventions in economic sectors
• agriculture, clothing and so on and
  in cross-cutting themes HRD,
• Small Business and so on
• - to shift the economy from its present
  trajectory to the achievement of
• the vision

the two key issues
confronting our people creating work and
fighting poverty.

Premier Ebrahim Rasool, April 2004
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• Economic Development Tourism
• What it will contain 1
• A summary of the global, continental, SADC
  context and policy environment
• The state of the Provincial economy
• Current summary reports of the state of to
  sectors and sub sectors in the economy

the two key issues
confronting our people creating work and
fighting poverty.

Premier Ebrahim Rasool, April 2004
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• Economic Development Tourism
• What it will contain 2
• State of the Province Transversal Theme
  Reports Like The Impact of HIV/Aids, The
  Circumstances of the Majority of Black People in
  the WC, The Informal Economy, Economic-stimulatory
  Infrastructure Development, The Potential of
  Land Reform, The Western Cape Global
  Competitiveness Rating, and so on
• Proposed Interventions based on all three
  types of reports

the two key issues
confronting our people creating work and
fighting poverty.

Premier Ebrahim Rasool, April 2004
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• Economic Development Tourism
• What it will contain 3
• Synthesis conclusions
• - A summary of the major thrusts of the MES
• - Proposals around how synergies coherency
  of recommendations may be
• effected
• - Prioritization of potential actions on
  behalf of PGWC and its social partners
• and other spheres of Government
• Authoritative forecasts

the two key issues
confronting our people creating work and
fighting poverty.

Premier Ebrahim Rasool, April 2004
13
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• Economic Development Tourism

the two key issues
confronting our people creating work and
fighting poverty.

Premier Ebrahim Rasool, April 2004
14
15

• Economic Development Tourism

the two key issues
confronting our people creating work and
fighting poverty.

Premier Ebrahim Rasool, April 2004
15
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• Economic Development Tourism

It eventually becomes - An authoritative
basis for action and planning by all four social
partners, foreign economic players,
analysts, researchers, planners - An Oracle
for FAQs about the Western Cape economy for
economic citizens - The point of
departure for 80 percent of the work of the
Department of Economic Development
the two key issues
confronting our people creating work and
fighting poverty.

Premier Ebrahim Rasool, April 2004
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• Economic Development Tourism
• First sectors themes 1
• Themes
• Themes SMME Development
• HRD to meet the needs of the economy
• Primary Sector
• Agriculture Aquaculture
• Fishing mariculture

the two key issues
confronting our people creating work and
fighting poverty.

Premier Ebrahim Rasool, April 2004
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• Economic Development Tourism
• First sectors themes 2
• Secondary sector
• Metals Engineering
• Clothing Textiles
• Tertiary sector
• Tourism
• ICT

the two key issues
confronting our people creating work and
fighting poverty.

Premier Ebrahim Rasool, April 2004
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• Economic Development Tourism
• When it will be available
• Version 1
  01/05
• 6 Sectors
  
  
• 2 Themes
• Version 2
  06/05
• 16 Sectors
• 6 Themes

the two key issues
confronting our people creating work and
fighting poverty.

Premier Ebrahim Rasool, April 2004
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• Economic Development Tourism
• Contact us at
• E-mail EcoHead_at_pgwc.gov.za
• Telephone [phone]

the two key issues
confronting our people creating work and
fighting poverty.

Premier Ebrahim Rasool, April 2004
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