Cape Town Takes Centre Stage in the Space Economy with Historic IAU General Assembly
Wesgro Unveils New Edition of Pioneers Magazine Highlighting Space Economy as the City Hosts the First IAU General Assembly on the Continent.
Cape Town is at the centre of the global space economy, hosting the International Astronomical Union (IAU) General Assembly. This is the first time in over 100 years that the event is being held on African soil. The event, which began on August 6 and will end on August 15, has attracted over 1,800 delegates, with 80% being first-time visitors to the city. This influx is expected to significantly benefit local industries, particularly tourism and hospitality.
Coinciding with this prestigious event, Wesgro, the official tourism, trade, and investment promotion agency for Cape Town and the Western Cape, launched the latest edition of its flagship publication, Pioneers Magazine, on Thursday evening (August 8). This launch took place during a networking event hosted in partnership with the IAU General Assembly organisers. This year's edition focuses on the burgeoning space technology ecosystem in the region, highlighting its rapid growth and potential. The space economy, which includes commercial activities related to space exploration and technology, fuels innovations that support astronomical research, such as satellite systems and space probes.
Held every three years, the IAU General Assembly brings together leading astronomers from around the globe to advance the field of astronomy through international collaboration. The event was secured by the Cape Town and Western Cape Convention Bureau, powered by Wesgro, in 2018. Business events like this are pivotal to the Western Cape's economy, not only boosting visitor numbers but also showcasing the region's expertise across various sectors. These gatherings directly influence foreign investment, export opportunities, and tourism growth, with conference delegates estimated to spend around R6,400 per day.
The IAU, a member of the International Council for Science established in 1919, is headquartered in Paris. Its mission is to promote and protect the discipline of astronomy in all its aspects through international cooperation. The organisation boasts over 12,000 individual members across 90 countries, including South Africa.
Wesgro CEO, Wrenelle Stander, said that hosting the IAU General Assembly highlights the region's growing prominence in the space economy. "Cape Town and the surrounding areas, including Stellenbosch, have emerged as a leading hub for space startups in Africa. Companies like Simera Sense and NewSpace Systems are thriving here, focusing on specific satellite components and technologies. They leverage international partnerships and utilise local expertise and supply chains," Stander remarked.
The latest issue of Pioneers Magazine showcases the potential of the Western Cape's space ecosystem. Stander noted: “Investing in the space economy offers numerous benefits for our daily lives and the broader economy. Satellite technology plays a critical role in communication, weather forecasting, disaster management, and environmental monitoring. With the growing challenges of climate change, such as droughts and extreme weather events, these technologies are more vital than ever. Improved satellite connectivity can provide internet access to remote and underserved areas, helping bridge the digital divide and enhance access to education and skills, which can, in turn, increase employment opportunities and drive economic growth.”
The Western Cape has a storied history in satellite development, dating back to the 1980s, leading to the launch of South Africa's first satellite, SUNSAT, in 1999. Today, the region boasts a vibrant space startup ecosystem and has been instrumental in advancing space science through collaborations with major local universities—Stellenbosch University, the University of the Western Cape (UWC), and the University of Cape Town (UCT). These institutions play a critical role in satellite development and nurturing the next generation of scientists and engineers. Looking ahead, Wesgro is preparing to launch a study to assess the local economic impact of the space sector, aiming to identify investment opportunities and areas for accelerated growth. “With strategic support, South Africa's broader space economy holds significant potential for success, creating jobs and positioning the country as a key global player,” Stander added.
The hosting of the IAU General Assembly and the launch of Pioneers Magazine will help elevate the space sector on the national agenda and inspire new initiatives for growth, she said.
At the networking event on Thursday evening, Alderman James Vos, Cape Town's Mayoral Member for Economic Growth and Tourism, highlighted the city's commitment to creating new opportunities by bringing together key players in the global space ecosystem. He emphasised that Cape Town has a strong tradition of innovation and remains open for business.
Dr. Ivan Meyer, Western Cape Minister of Agriculture, Economic Development, and Tourism, welcomed the IAU General Assembly and the launch of Pioneers Magazine, highlighting the province's competitive space technology economy. “Our space heritage reflects our dedication to scientific exploration and positions the province as a critical player in global space endeavours,” Meyer stated.He noted the impressive collaboration between the South African National Space Agency (SANSA) and NASA in investing in a Deep Space Ground Station in Matjiesfontein, Western Cape.
This partnership supports NASA's Artemis programme, which aims to further explore the moon’s surface and send the first astronauts to Mars.“Space research offers vast economic opportunities. This exciting project showcases the Western Cape's dedication to innovation and strong partnerships," Meyer concluded.
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