During an episode of the Rational Radio webinar, BizNews founder Alec Hogg chatted to Phil Craig, the co-founder of the Cape Independence Advocacy Group. This political pressure group conducted a poll to find out how many people in the Western Cape would support what BizNews has dubbed as ‘Wexit’ – a move to separate the Western Cape from the rest of South Africa. Craig argues that as the Western Cape produces 13.9% of South Africa’s GDP, the province would only benefit from a Cape secession.
“The Western Cape economy, as it currently stands, is equal in size to the economy of Namibia, Botswana, and Zimbabwe combined. So, there’s no question of viability. There’s no question that we’ll be better off. As one economist put it to me, effectively it would be a giant special economic zone for South Africa. You now have this kind of freer market, less bureaucracy, investor-friendly territory next door.”