OVERVIEW
Regional overview: Gauteng
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auteng is the smallest in area but the largest contributor to the national GDP. As the leader of South Africa’s economy, it is the core of South African business and continues to perform in various other sectors. Manufacturing, wholesale, retail and trade, finance and business services and transport are the main economic sectors responsible for Gauteng’s wealth.
With a gross domestic product (GDP) valued at R811-billion (US$112-billion), Gauteng generates 33.9% of South Africa’s GDP and an astonishing 10% of the total GDP of the entire African continent Key sectors Most of the major banks are positioned around Johannesburg (which is home to Africa’s largest stock exchange, the JSE), and the finance and business services sector is a key focus in the provincial economy. Many international corporates such
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as Citibank, Microsoft and McDonald’s are headquartered in the province, as it is seen as the commerce capital and the gateway to Africa. Media services in Gauteng are extensive. South Africa’s national broadcaster is based there, as are many popular radio stations and large publishing houses. Gauteng has a highly competitive newspaper market which includes local and national publications such as The Sunday Times, The Sowetan, The Star, Rapport and also the Mail & Guardian.