Hope for the economy

Hope for the economy

Writer De Waal Steyn

While news reports on the Covid-19 pandemic makes one feel as if you are on a roller coaster, at least there is some good news on the economy.

On Friday, the US Consulate General in Cape Town and the Western Cape Government jointly launched a Trade and Investment Promotion Partnership, which will build on the momentum of the existing economic relationship to promote shared prosperity and economic development.

The United States has been the top foreign direct investor in the Western Cape for many years, with US companies creating tens of thousands of jobs. In addition, many companies are offering training and skills development, and are supporting local communities through outreach and humanitarian programmes in the Western Cape.

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