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Drakenstein economy overview
The Drakenstein municipal economy, the largest municipality in the Western Cape outside the City of Cape Town, is estimated to have grown by 0.7% in 2018, down from 1.7% growth recorded in 2017. Stellenbosch shrunk from a 1.4% growth rate in 2017 to 0.8% in 2018, while Breede Valley declined from 3.3% in 2017 to 1.1% in 2018.
Economic Growth and Tourism (EGT) division overview
The Economic Growth and Tourism division provides an enabling and conducive economic environment to facilitate sustainable economic empowerment for all communities within Drakenstein through the implementation of economic development projects, programmes and initiatives.
The division is responsible for the implementation of the following projects, programmes and Initiatives to ensure economic growth: • The promotion of the development of priority sectors which include Agriculture; Informal sector, Manufacturing; Technology; Transport and Logistics; • Facilitate investment promotion in the key sectors to diversify the economy;• Build skills for the future through responding to investor needs and matching skills with jobs;• Facilitate meaningful job creation; • Provide business support for thriving entrepreneurs in both the formal and informal economy; and• Growing the Tourism sector as a priority sector in Drakenstein.
Economic Growth sub-section
Drakenstein’s vision is to establish a regionally connected city, a Drakenstein that will create an enabling environment and provide client-centred services facilitating investment, small business development, employment, and skills opportunities which will lead to an equitable and sustainable city.
The Integrated Economic Growth Strategy is one of the municipality’s strategic master plans that outlines how economic excellence, growth and development will be achieved over a twelve year period until 2032.
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