Gauteng
From The Report: South Africa 2013
View in Online Reader

Despite having the smallest land area of South Africa’s nine provinces at 16,548 sq km, Gauteng is the largest contributor to the national economy contributing around $85.33bn and growing at a rate of 3%. The tertiary sector is the main driver of the local economy and makes up 71% of Gauteng’s GDP, led by finance, real estate, and business and government services. While Gauteng accounts for most of South Africa’s economic output, with opportunity comes the challenge of population migration and urbanisation, placing a strain on the provision of public services and employment.
This chapter contains interviews with Nomvula Paula Mokonyane, Gauteng Premier; and Siphiwe Ngwenya, Group CEO, Gauteng Growth and Development Agency (GGDA).

Articles from this Chapter

Overview

Packing a punch: Leveraging transport and logistics potential to power growth
OBG
plus

Despite having the smallest land area of South Africa’s nine provinces at 16,548 sq km, Gauteng is the largest contributor to the national economy, making up onethird of total GDP, at R700bn ($85.33bn) – double the contribution of Kwazulu-Natal (16%) and the Western Cape (14%), the next two largest provinces by GDP. In Numbers Home to the Johannesburg Stock Exchange, the largest stock market in Africa by capitalisation, and the headquarters of several large domestic and foreign corporates,…

Analysis

Staying competitive: Meeting the challenge of re-energising the local manufacturing base
OBG
plus

Accounting for 40.6% of South Africa’s manufacturing base, the performance and challenges facing manufacturers in Gauteng reflect those of the country as a whole. The industrial sector is feeling the strain of several factors impeding its growth prospects, including reduced demand due to the global slowdown; squeezed margins due to rising electricity, fuel and labour costs; and competitive pressures arising from an influx of cheap imports. While the province wields clout in the services sector…

Interview

OBG talks to Nomvula Paula Mokonyane, Gauteng Premier
OBG
plus

Interview:Nomvula Paula Mokonyane As other African markets target increased foreign direct investment (FDI), what can Gauteng do to remain a competitive investment destination? PAULA MOKONYANE: We want to reaffirm our position as the gateway to Africa and act as an economic hub for the continent. It is our responsibility to develop the infrastructure, human skills and talent that investors require. We are satisfied with our performance, especially under current global conditions, but we always…

Interview

OBG talks to Siphiwe Ngwenya, Group CEO, Gauteng Growth and Development Agency (GGDA)
OBG
plus

Interview:Siphiwe Ngwenya What distinguishes Gauteng’s framework for investor support from those of other provinces? SIPHIWE NGWENYA: While provinces are unable to offer financial incentives on their own, we work to ensure that firms investing in the province can access those offered by the national government. We also work with municipalities and government departments to assist in reducing the costs of doing business – enabling access to facilities, such as electricity and telecommunications,…

Analysis

The business of culture: Promoting the province’s cosmopolitan appeal with shopping and art
OBG
plus

Landlocked, small in size, and highly urbanised, Gauteng lacks the natural assets and scenic beauty to vie with the country’s flagship leisure destinations of Cape Town, Durban and the wildlife safaris of the Kruger National Park. Nonetheless, tourism is viewed as a key enabler towards job creation and also plays a role in exposing the province internationally and dispelling some of the negative perceptions held towards crime and safety in the major cities. With provincial projections showing that…