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Table 8 Destination Markets for Outward FDI from the Western Cape, 2003-2015
Rank Country Projects Capex (Rm) Companies
1 Nigeria 17 4 951 10
2 UAE 12 3 899 7
3 Angola 11 2 851 7
4 UK 11 9 782 10
5 Kenya 10 1 459 10
6 Zambia 9 1 974 6
7 Ghana 6 1 541 5
8 Namibia 6 3 122 6
9 United States 6 636 6
10 Germany 5 91 5
Other Countries 73 26 622 4
TOTAL 166 56 928 76
Source: FDI Intelligence, 2016
The best performing sectors attracting FDI from the Western Cape were food and
tobacco with 34 projects and R8 billion in capex, followed by software and IT services
at 29 projects and R3 billion in capex. The sector creating the highest jobs per project
was real estate at 752 jobs, followed by healthcare at 406 jobs. PROVINCIAL OUTLOOK NATIONAL OUTLOOK GLOBAL OUTLOOK GAP HOUSING INVESTOR NARRATIVE SPOT THE OPPORTUNITY PORTFOLIO INSIGHTS KHULISA NEWSLETTER ELECTRIC VEHICLES ENERGY SECURITY LOOKING AT GDP
QUARTERLY ECONOMIC BULLETIN 2016 65
