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A REGIONAL OVERVIEW OF

GAUTENG Special Economic Zones and expanded infrastructure are central elements to the strategies being devised to grow the Gauteng economy. By John Young

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Gauteng have flowed to the manufacturing sector and its subsectors. In the five years to 2019, the Gauteng CityRegion attracted 447 FDI projects valued at R264-billion, which created more than 69 000 jobs (FDI Markets). The GGDA is an implementing agency which aims to facilitate business enablement, develop small, medium and micro-enterprises (SMMEs) and to promote investment and job creation. Focussed support for these specific subsectors is intended to spur other investments: automotive sector, mineral beneficiation, capital equipment, agro-processing, pharmaceuticals and tertiary

ne of the plans to boost Gauteng, “Growing Gauteng Together” (GGT 2030) prioritises the economy, jobs and infrastructure, with the manufacturing sector earmarked as a key driver. Gauteng accounts for 45% of the South Africa’s manufacturing capacity, so the province is wellplaced to expand an already strong and diverse sector. Manufacturing makes up 14.5% of formal sector output in Gauteng, making it the fourthlargest sector. One in nine jobs in the province are created in the sector. According to the Gauteng Growth Development Agency (GGDA), six out of 10 foreign direct investment (FDI) projects in

GAUTENG BUSINESS 2020/21

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Profile for Global Africa Network Media

Gauteng Business 2020-21  

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