Gauteng Business 2022/23
The 2022/23 edition of Gauteng Business is the 13th 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, a special feature on the growth and significance of the green economy is included in this edition. Every sector from agriculture to transport and logistics is referenced, with several Gauteng companies taking the lead in the field of creating a more sustainable future for themselves and for their clients. The fact that mining companies and others are starting to build facilities to generate power is significant for the country as a whole. Gold Fields’ 40MW solar project at its South Deep mine is one of the first of its kind and it is certainly a precursor of what we can expect to see a lot more of in the future. The unexpected fall from power in the province’s three big metropolitan municipalities in 2021 of the political party that is in charge at provincial and national level, the African National Congress, is noted in the Regional Overview. Whether this presages a change beyond the borders of Gauteng in elections to come remains to be seen, but the huge budgets which now fall under the control of coalition governments in Johannesburg, Tshwane and Ekurhuleni will certainly serve to sharpen the focus of ANC election planners for national elections in 2024.
The 2022/23 edition of Gauteng Business is the 13th 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, a special feature on the growth and significance of the green economy is included in this edition. Every sector from agriculture to transport and logistics is referenced, with several Gauteng companies taking the lead in the field of creating a more sustainable future for themselves and for their clients. The fact that mining companies and others are starting to build facilities to generate power is significant for the country as a whole. Gold Fields’ 40MW solar project at its South Deep mine is one of the first of its kind and it is certainly a precursor of what we can expect to see a lot more of in the future.
The unexpected fall from power in the province’s three big metropolitan municipalities in 2021 of the political party that is in charge at provincial and national level, the African National Congress, is noted in the Regional Overview. Whether this presages a change beyond the borders of Gauteng in elections to come remains to be seen, but the huge budgets which now fall under the control of coalition governments in Johannesburg, Tshwane and Ekurhuleni will certainly serve to sharpen the focus of ANC election planners for national elections in 2024.
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OVERVIEW<br />
Manufacturing<br />
Corobrik’s new factory started producing product in 2021.<br />
SECTOR INSIGHT<br />
Several Metair subsidiaries will<br />
benefit from Ford’s expansion.<br />
Ford’s expansion project at Silverton will create jobs along the value<br />
chain. Credit: Ford Motor Company<br />
A<br />
new factory in Carltonville produced its first bricks in<br />
2021. The R800-million Corobrik Kwastina factory has<br />
reduced costs in the manufacturing process by 50%<br />
and consumes 70% less gas than previous methods.<br />
At full capacity, Kwastina will be able to produce 100-million<br />
bricks per year.<br />
Manufacturing contributes 14% to <strong>Gauteng</strong>’s real economy<br />
output and provides 40% of South Africa’s manufacturing overall.<br />
Manufacturing related to the mining industry, historically the<br />
lynchpin of the <strong>Gauteng</strong> economy, is still important.<br />
Employer organisations like the Manufacturing Circle and<br />
government at national and provincial levels are engaging in<br />
initiatives to grow the sector, including incentives such as the<br />
Manufacturing and Competitiveness Enhancement Programme<br />
(MCEP) of the Department of Trade, Industry and Competition (dtic).<br />
Sectors that have received support include plastics,<br />
pharmaceuticals, chemicals, metal fabrication, transport equipment<br />
and agri-processing. The Support Programme for Industrial<br />
Innovation (SPII), run by the Industrial Development Corporation<br />
(IDC) on behalf of the dtic, promotes technology development.<br />
Original equipment manufacturer Ford announced a $1-billion<br />
investment in South Africa in 2021. Expanded production (to<br />
installed capacity of 200 000 units) at the company’s <strong>Gauteng</strong> plant<br />
will create 1 200 direct jobs and<br />
a further 10 000 jobs along the<br />
supply chain.<br />
In response to Ford’s<br />
investment, auto component<br />
and battery manufacturer<br />
Metair will establish a new<br />
logistics facility at Silverton.<br />
Several Metair subsidiaries,<br />
including Hesto Harnesses,<br />
Unitrade, Automould and<br />
Lumotech, have signed<br />
agreements to supply Ford with<br />
a wide range of products.<br />
All of <strong>Gauteng</strong>’s large<br />
automobile manufacturers are<br />
investing in new model production.<br />
Nissan is spending R3-billion on<br />
production of the Navara pick-up<br />
vehicle. Other major investments<br />
include R6.1-billion by BMW at<br />
Rosslyn and R260-million by<br />
BMW on an expanded campus at<br />
Midrand. UD Trucks, a part of the<br />
Volvo group, will assemble the<br />
Croner heavy commercial vehicle<br />
at Rosslyn.<br />
<strong>Gauteng</strong> is also home<br />
to a strong automotive<br />
components industry, together<br />
with several bus and truck<br />
assembly plants. These include<br />
Scania, TFM Industries and<br />
MAN Truck and Bus South<br />
Africa, as well as the Chinese<br />
GAUTENG BUSINESS <strong>2022</strong><br />
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