{"id":15378,"date":"2026-03-16T06:04:20","date_gmt":"2026-03-16T06:04:20","guid":{"rendered":"https:\/\/www.investcapetown.com\/?post_type=press-releases-event&p=15378"},"modified":"2026-03-16T06:04:20","modified_gmt":"2026-03-16T06:04:20","slug":"cape-clothing-smmes-learn-money-management-tools","status":"publish","type":"press-releases-event","link":"https:\/\/www.investcapetown.com\/ar\/press-releases-event\/cape-clothing-smmes-learn-money-management-tools\/","title":{"rendered":"Cape clothing SMMEs learn money management tools"},"content":{"rendered":"

Cape clothing SMMEs learn money management tools in City-supported programme<\/strong><\/h1>\n

 <\/p>\n

This week, 40 Cape Town-based small and medium manufacturers in the clothing, textile, footwear and leather (CTFL) sector took part in a Financial Management Fundamentals workshop as part of the City-funded Cape Acceler8 programme, hosted and administered by the Cape Clothing and Textile Cluster. Read more below:<\/em><\/strong><\/p>\n

 <\/p>\n

The programme is in its second year and is designed to strengthen the foundations that allow local businesses to grow and compete at the next level.<\/p>\n

 <\/p>\n

Alderman James Vos, the City\u2019s Mayoral Committee Member for Economic Growth, addressed the workshop\u2019s attendees, highlighting their critical role as employers in manufacturing.<\/p>\n

 <\/p>\n

\"clothing<\/p>\n

 <\/p>\n

\u2018The CTFL sector is one of Cape Town’s most important engines of economic activity, employing over 17 000 people across the city. Cape Acceler8, through the targeted and practical approach taken by CCTC, takes participating businesses through a sequenced five-phase programme, combining leadership development, accredited technical training and core business fundamentals. Boosting businesses with these tools gives them the ability to grow and, importantly, to employ more Capetonians,\u2019 said Alderman Vos.<\/p>\n

 <\/p>\n

Having completed the executive development phase \u2013 which orients business owners to supply chain realities and customer expectations \u2013 the cohort has now entered the capacity-building phase, which comprises four practical masterclasses that target the operational and commercial foundations of their businesses.<\/p>\n

 <\/p>\n

This week\u2019s Financial Management Fundamentals workshop aims to support participating manufacturers in translating their operational efforts into financially sustainable business practices.<\/p>\n

 <\/p>\n

\"clothing<\/p>\n

 <\/p>\n

The workshop will cover financial statements, cash flow management, cost pricing and profitability, and using financial information to support day-to-day business decisions.<\/p>\n

 <\/p>\n

\u2018Supporting the businesses that anchor this sector \u2013 and helping them grow \u2013 is central to how we build a more inclusive and competitive local economy. Cape Acceler8 is exactly the kind of initiative the City wants to enable: structured, practical, and focused on giving manufacturers the tools to take the next step up.<\/p>\n

 <\/p>\n

\u2018With 60% of this cohort drawn from Cape Flats-based businesses, this programme reflects our commitment to ensuring that growth in Cape Town reaches the people and places that stand to benefit most,\u2019 said Alderman Vos.<\/p>\n

 <\/p>","protected":false},"excerpt":{"rendered":"

Cape clothing SMMEs learn money management tools in City-supported programme   This week, 40 Cape Town-based small and medium manufacturers 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