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Western Cape business confidence has delinked - CEO

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Cape Town - Since 2014 there has been a "delink" of business confidence in the Western Cape from the rest of South Africa, with higher business confidence in the province compared to the rest of the country, Tim Harris, CEO of Wesgro, told members of the SA-German Chamber of Commerce on Tuesday.

In his view, this is one of the reasons for the "incredible migration" into the province - especially from Gauteng.

"People are voting with their feet for quality of life and it shows business is not necessarily synonymous with Johannesburg," said Harris. He emphasised that a large part of the "semigration" from Gauteng consists of young entrepreneurs - especially in the tech and services industry - who bring their skills, capital and experience to the province.

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