power station providing energy for the Western Cape's needs. Recently, oil explorers have discovered oil and natural gas off the coast in the Atlantic Ocean.
The Western Cape is an important tourist region in South Africa; the tourism industry accounts for 9.8% of the GDP of the province and employs 9.6% of the province's workforce. In 2010, over 1.5 million international tourists visited the area.
With the highest number of successful Information Technology companies in Africa, Cape Town is an important centre for the industry on the continent. Growing at an annual rate of 8.5% and an estimated worth of R77 billion in 2010 nationwide the IT industry in Cape Town is becoming increasingly important to the city's economy.
The city was recently named as the most entrepreneurial city in South Africa, with the percentage of Capetonians pursuing business opportunities almost three times higher than the national average. Those aged between 18–64 were 190% more likely to pursue new business, whilst in Johannesburg, the same demographic group was only 60% more likely than the national average to pursue a new
