THE NEWSPAPER
stories that are life changing
October 2016
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From Historic Landmark to World-Class Hotel
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The Silo is a magical space towering above the V&A Waterfront surrounded by the natural wonder of South Africa’s Mother City. The Silo is being built in the grain elevator portion of the historic grain silo complex occupying six floors above what will become the Zeitz Museum of Contemporary Art Africa (MOCAA). Zeitz MOCAA will be a contemporary art museum to rival the likes of the Tate Modern in London, MoMA in New York and Museo Nacional del Prado in Madrid. Zeitz MOCAA is a not-for-profit partnership between the V&A Waterfront and Jochen Zeitz, whose collection forms the Museum’s founding collection.
Photo: The Silo, Rendering by Thomas Heatherwick / Photo Credit: The Royal Portfolio
Wesgro Helps WC Soar Despite Economic Headwinds
Wesgro is funded by the City of Cape Town and the Provincial Government of the Western Cape to deliver on the two’s tourism, trade and investment economic mandates, and the latest statistics bear this out.
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For many years economic growth in the Western Cape has helped to raise South Africa’s growth rate, while the unemployment rate helps to lower the national average. Last year national economic growth slumped and unemployment rose to a 12-year high, but the Western Cape still managed to secure a 143% (capex) Greenfield foreign direct investment increase, versus 32% for South Africa. Wesgro is also proud to announce that the Agency received a clean audit report for the 2015/16 financial year and our various units have achieved remarkable targets.
The building has been designed by Thomas Heatherwick, Founder and Principal of the London-based Heatherwick Studio.
The Wesgro Research Unit produced a total of 115 economic publications to support the Agency and their clients.
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It also collated over 30 000 visitor information surveys with the assistance of the local tourism offices which inform various tourism strategies and marketing plans.
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