The Western Cape is one of the world’s most beautiful and iconic regions, and home to some of Africa’s most important educational institutions, healthcare facilities, business enterprises, centres of innovation, and cultural and historical sites. It has one of the best-performing regional economies in South Africa, and among the country’s best educational outcomes and health indicators.
In the era of globalisation, there is widespread recognition that knowledge-based industries have become a significant contributor to economic growth and development. To be internationally competitive in a global economy requires the creation of distinctive assets such as knowledge, skills, innovation and creativity.
Knowledge has become an internationally recognised factor of production, with the new form of capital being the capacity to generate, assimilate, disseminate and effectively use knowledge. Because knowledge forms the basis of technological progress, innovation and the enhancement of human capital, it is recognised as a significant contributor to economic growth and development.
The Western Cape is perfectly positioned and already is fast becoming the knowledge-sharing hub for South Africa and the wider continent. It is known for its tertiary education institutions – four world-class universities and two globally recognised business schools. These are the University of Cape Town, Stellenbosch University, the University of the Western Cape and the Cape Peninsula University of Technology; and the UCT Graduate School of Business and the University of Stellenbosch Business School.