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.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.