by Taryn Springhall

Gauteng : Investment pot of gold

Invest in South Africa

Gauteng: City of Gold
Gauteng.jpg
While Gauteng is the smallest of the nine provinces covering just less than 1.5% of South Africa’s land area, economically it is proof that dynamite really does come in small packages.

 Attributing the province’s wealth to a long history of gold mining, the City of Gold has since evolved to boast a variety of industries including manufacturing, financial and business services, information and communication technology (ICT), telecommunications, logistics, property and trade.

 Investment from both the government and the private sector has cemented Gauteng’s reputation as the economic hub of Africa.

The financial, real estate and business services sector makes up 22.8% of Gauteng’s gross domestic product. Manufacturing contributes 16.5% and government services almost equal at 16.3%. 

Wholesale, retail, motor trade and the accommodation sector make up 12.6%. The province has much to offer potential investors, as it stacks up well against some of the most investment-worthy cities in the world.

 Perfectly positioned with the best access to African markets, worldclass transport systems and good infrastructure, Gauteng is a ‘gateway’ to the untapped wealth on the continent. Also inherent to the province is the most highly skilled workforce on the continent – a combination that results in an abundance of opportunities and a prosperous future. 

Committed to encouraging investment in the province, the government has made Gauteng an attractive prospect by allowing 100% foreign ownership of businesses without requiring official approval and which have clear, well-documented policies as guidelines for foreign investors.

 In recent years, the Gauteng Provincial Government has identified a number of industries for focus on new investments. 

 Gauteng shapes up as a good investment, and the province will champion the rest of the continent through its ‘smart city’ initiative which, by definition, encompasses sustainability and development in a socially, economically and environmentally friendly way. 

Specifically, smart cities embrace and implement technology to facilitate growth.the nine provinces covering just less than 1.5% of South Africa’s land area, economically it is proof that dynamite really does come in small packages.

 Attributing the province’s wealth to a long history of gold mining, the City of Gold has since evolved to boast a variety of industries including manufacturing, financial and business services, information and communication technology (ICT), telecommunications, logistics, property and trade. Investment from both the government and the private sector has cemented Gauteng’s reputation as the economic hub of Africa. 

The financial, real estate and business services sector makes up 22.8% of Gauteng’s gross domestic product. Manufacturing contributes 16.5% and government services almost equal at 16.3%. Wholesale, retail, motor trade and the accommodation sector make up 12.6%. The province has much to offer potential investors, as it stacks up well against some of the most investment-worthy cities in the world. 

Perfectly positioned with the best access to African markets, worldclass transport systems and good infrastructure, Gauteng is a ‘gateway’ to the untapped wealth on the continent. 

Also inherent to the province is the most highly skilled workforce on the continent – a combination that results in an abundance of opportunities and a prosperous future.

 Committed to encouraging investment in the province, the government has made Gauteng an attractive prospect by allowing 100% foreign ownership of businesses without requiring official approval and which have clear, well-documented policies as guidelines for foreign investors.

 In recent years, the Gauteng Provincial Government has identified a number of industries for focus on new investments, including: infrastructure, logistics, telecoms, ICT, tourism and service industries. 

In addition, significant opportunities exist in environmental and pollution management, waste management or turning waste into energy, as well as the agricultural and automobile industries. 

Gauteng shapes up as a good investment, and the province will champion the rest of the continent through its ‘smart city’ initiative which, by definition, encompasses sustainability and development in a socially, economically and environmentally friendly way. Specifically, smart cities embrace and implement technology to facilitate growth.
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