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Gauteng Business 2020/21 edition

The 2020/21 edition of Gauteng Business is the 12th issue of this highly successful publication that has established itself as the premier business and investment guide for the Gauteng Province. In addition to the regular articles providing insight into each of the key economic sectors of the province, there are special features on infrastructure investment programmes and plans for the establishment of Special Economic Zones (SEZs) as a means to boost economic growth. Another feature on construction and property underlines the importance of spatial planning in the region’s future. Ambitious plans for the City of Johannesburg are outlined, both in the journal's editorial pages and by the Johannesburg Development Agency (JDA).

The 2020/21 edition of Gauteng Business is the 12th issue of this highly successful publication that has established itself as the premier business and investment guide for the Gauteng Province. In addition to the regular articles providing insight into each of the key economic sectors of the province, there are special features on infrastructure investment programmes and plans for the establishment of Special Economic Zones (SEZs) as a means to boost economic growth. Another feature on construction and property underlines the importance of spatial planning in the region’s future. Ambitious plans for the City of Johannesburg are outlined, both in the journal's editorial pages and by the Johannesburg Development Agency (JDA).

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SPECIAL FEATURE<br />

Spatial planning and infrastructure<br />

underpin <strong>Gauteng</strong>’s growth plans<br />

GDP growth is directly related to infrastructure investment.<br />

Credit: Coega Development Corporation<br />

Infrastructure spending and areas dedicated to<br />

specific kinds of manufacturing are intended<br />

to drive economic growth in the <strong>Gauteng</strong><br />

Province.<br />

Both concepts fall within broader national plans<br />

to boost industrialisation through various kinds of<br />

Special Economic Zones (SEZs) and infrastructural<br />

initiatives. A number of national and provincial<br />

planning frameworks inform the planning of<br />

<strong>Gauteng</strong>’s economic future. These include the<br />

National Development Plan, Growing <strong>Gauteng</strong><br />

Together (GGT 2030), <strong>Gauteng</strong> 2055 Vision and<br />

the City of Johannesburg’s Growth Development<br />

Strategy and Spatial Development Framework.<br />

The <strong>Gauteng</strong> Provincial Government will<br />

spend R60-billion on building and maintaining<br />

infrastructure in the five years to 2025. The<br />

provincial authorities further estimate that about<br />

R100-billion will be spent on infrastructure<br />

projects in the province by a variety of stateowned<br />

enterprises (SOEs) and national<br />

departments in the next decade. The overall<br />

estimate for the injection of capital related to<br />

infrastructure, including private initiatives, is<br />

calculated at R760-billion in the period to 2030.<br />

A 15-year <strong>Gauteng</strong> Infrastructure Master<br />

Plan has been adopted but multiple sources<br />

of funding are needed for the plan to succeed<br />

in areas such as the provision of water,<br />

logistics, broadband connectivity, public<br />

transport, energy and the reshaping of cities to<br />

accommodate citizens in a better way than was<br />

the case under apartheid. A World Bank report<br />

has shown that a 10% increase in infrastructure<br />

spending results in a 1% growth in GDP.<br />

<strong>Gauteng</strong> began laying the groundwork for<br />

GAUTENG BUSINESS <strong>2020</strong>/<strong>21</strong><br />

10

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