OneCape_2040.pdf

Summary

The document "ONECAPE2040" outlines a comprehensive long-term vision for transforming the Western Cape's economy and society over a nearly three-decade period. Developed for joint action among public, private, and civil society stakeholders, the plan aims to achieve a resilient and inclusive economic future for the region by the year 2040. This ambitious strategy is built around six essential attributes, including fostering a highly-skilled and innovation-driven society alongside achieving resource efficiency and improved connectivity. The core of the plan involves six specific transitions over a 28-year phased roadmap, moving away from "business as usual" toward unlocking the region's full potential. A major immediate intervention prioritized in the initial phase is the Paths to Employment programme, intended to significantly scale up subsidized work experience for young, unemployed residents. Ultimate success is contingent upon coordinated effort, multi-sector partnerships, and strategic investments in infrastructure and funding mechanisms facilitated by the Economic Development Partnership.