CTICC earns Top500 kudos

2016-04-12 06:00

The Cape Town International Convention Centre (CTICC) has scooped first place in the Top500 Companies, Exhibition and Conference Facilities category.

The Top500 ratings have been developed in conjunction with University of Cape Town’s Policy Development Research Unit. To merit a Top500 rating, companies must excel in three specific disciplines: policy and accreditation, financial performance and empowerment.

The CTICC CEO, Julie-May Ellingson, says the CTICC is honoured to have received this accolade in recognition of its exceptional efforts during the 2014/15 financial year, which yielded the best financial, economic and social sustainability results in its already enviable 12-year history.

Despite the recent straitened economic outlook, the CTICC has created and sustained more than 91 000 direct and indirect jobs since inception.

In the past financial year the CTICC contributed R3.4bn to GDP and R3.1bn to Regional GGP as well as R1.72bn to indirect household income.

And as a further measure of the CTICC’s alignment with the Top500’s criteria of social empowerment and development, R263m or 86% of the CTICC’s total procurement was from BBBEE companies, 28% from women-owned companies, 67% with SMMEs and 90% of all procurement was from locally based firms, Ellingson points out.

“At the CTICC we recognise that economic sustainability is only possible through a willingness to continually invest back into our product offering and infrastructure. And this is the reason we are expanding. The most notable infrastructure project has been the construction of CTICC East, which will be a significant extension of our existing facility, with a budget of R832m,” she says.

The CTICC expansion project will be the catalyst for the CTICC’s ongoing contribution to skills development in the city, province and country, making it an African trade and investment destination of choice. This is especially important in the light of the increased investment into the African continent, positioning it as “next big thing” in business, notes Ellingson.

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