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Worcester, South Africa: Difference between revisions

Coordinates: 33°38′49″S 19°25′55″E / 33.647°S 19.432°E / -33.647; 19.432
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==Financial development==
==Financial development==
[[Image:Worcester_2009_007.jpg|thumb|right|300px|Practising School 1935]]
[[Image:Worcester_2009_007.jpg|thumb|right|300px|Practising School 1935]]
The Worcester Commercial Bank Unlimited was officially established in 1856. Due to growth in the wagon making industry, the Bank ran into a credit crisis by 1864. Discounting of bills of exchange became difficult and investors started to withdraw their money. Only a £6000 capital injection by the [[Board of Directors]] saved the Bank from ruin. The discovery of diamonds brought a steadier stream of prospectors travelling through Worcester. This led to the opening of more shops and lodgings and other facilities to meet their needs and a rise in the town’s population, further enhanced by the coming of the railway in 1876.
The Worcester Commercial Bank Unlimited was officially established in 1856. Due to growth in the wagon making industry, the Bank ran into a credit crisis by 1864. Discounting of bills of exchange became difficult and investors started to withdraw their money. Only a £6000 capital injection by the [[Board of Directors]] saved the Bank from ruin. The discovery of diamonds brought a steadier stream of prospectors travelling through Worcester. This led to the opening of more shops and lodgings and other facilities to meet their needs and a rise in the town’s population.


These factors led to the early construction of a diverse and cosmopolitan society in Worcester, outside of Cape Town, the only town that would develop as such in the Western Province during the late 19th century. In 1890 the [[African Banking Corporation]] was established in London, all branches were overseas. The Bank was formed as a consortium bank owned jointly by [[Lloyds Bank]], [[National Provincial]], [[Westminster]] and [[Standard Bank of South Africa]]. In December 1891, [[Articles of Agreement]] were drawn up with the Worcester Bank and operations were handed over to African Banking Corporation in February 1892.
These factors led to the early construction of a diverse and cosmopolitan society in Worcester, outside of Cape Town, the only town that would develop as such in the Western Province during the late 19th century. In 1890 the [[African Banking Corporation]] was established in London, all branches were overseas. The Bank was formed as a consortium bank owned jointly by [[Lloyds Bank]], [[National Provincial]], [[Westminster]] and [[Standard Bank of South Africa]]. In December 1891, [[Articles of Agreement]] were drawn up with the Worcester Bank and operations were handed over to African Banking Corporation in February 1892.

Revision as of 10:02, 5 November 2009

File:Worcester 2009 004.jpg
Drostdy
Dutch Reformed Church

Worcester is a town in the Western Cape, South Africa. It is located 120 km north-east of Cape Town on the N1 highway north to Johannesburg.

Being the largest town in the Western Cape's interior region, it serves as the administrative capitol of the Breede Valley Local Municipality and as regional headquarters for most Central- and Provincial Government Departments. The town also serves as the hub of the Western Cape's interior commercial, distribution and retail activity with a Shopping Mall, well developed Central Business District and infrastructure.

The Breede Valley Local Municipality was formed in December 2001 and includes the hamlets of Matroosberg, Touws River, De Doorns, Rawsonville and the town of Worcester. The people are represented by 31 Councillors, headed by an executive Mayor.

Census and population classification