Blouberg, Blaauwberg, Cape Town – South Africa

Wesgro has attracted investment worth R820 million to the area in the past 11 months and the total investment is projected to grow to R1.187 billion by the end of March.

Wesgro is the Western Cape investment and trade promotion agency.

Angelo Manzoni, Wesgro chief executive, speaking at a ceremony on Monday to announce the planned opening in August of the five-star Blaauwberg Beach Hotel, in which property company Realcor is investing R600 million.

He said Wesgro had been in talks with Realcor since last year and had helped to speed up the various approvals needed for the development as well as helping to access finance and government incentives.

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