Socio Economic Development

Campus Vert aims to address South Africa’s unemployment crisis, focusing on youth and women, through inclusive and equitable job creation and socio-economic development. Integrating these efforts with our journey to net-zero is crucial for sustainable development. The development is projected to contribute R6.7 billion annually to GDP and support 35,000 jobs nationwide, underscoring its significant socio-economic impact.
  • R

    Inclusive and equitable job creation

  • R

    Driver for regional socio-economic development

  • R

    Total impact on GDP is estimated to be R6.7 billion per annum

Socio-Economic Challenge in South Africa

South Africa’s official unemployment rate stands at 32.1%, with youth unemployment exceeding 60% among those aged 15-34. Black African women face a particularly high unemployment rate of 39.8%, highlighting the critical need to address gender and racial disparities.
  • R

    Official unemployment rate: 32.1%

  • R

    Official youth unemployment (15-34 years of age): Over 60%

  • R

    Official female unemployment: 35.7%. Black women: 39.8%

Quarterly Labour Force Survey (Q2): 2023 | Quarterly Labour Force Survey (Q4): 2023 |Statista |Stats SA

Socio-Economic Impact in South Africa

Campus Vert aims to address South Africa’s unemployment crisis, particularly among youth and women, through inclusive and equitable job creation. It also has the potential to catalyse economic growth, attract investments, drive capital formation, and positively impact GDP and household income, driving regional socio-economic development.

Inclusive and Equitable Job Creation

Employment opportunities generated through the Campus Vert development aim to contribute to a more inclusive and equitable workforce to help alleviate South Africa’s unemployment crisis.

Driver for Regional Socio-Economic Development

The Campus Vert development has the potential to support your ESG and DEI objectives by positively contributing to the socio-economic landscape of Mossel Bay Local Municipality as well as the greater Western Cape Province and South Africa.

 

The impact of the development on the following economies is projected to:

  • R

    Contribute ZAR6.7 Billion ($346 Million) annually to SA's GDP

  • R

    Generate 35,000 employment opportunities

  • R

    Create 200,000 m² of office space

  • R

    Accommodate 20,000 global business services personnel and 1,000 service employees

  • R

    Create further employment opportunities for support services and suppliers

Projected Socio-Economic Impact

According to the 2023 Socio-economic Impact of the Saint Blaize Campus Study