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 />
Pick n Pay and Fortress REIT are developing the Eastport Logistics Park.<br />
Credit: Fortress<br />
more than 1.2-million subsidised houses have been built by<br />
government entities in <strong>Gauteng</strong>. Provincial government has<br />
pledged to release 10 000 serviced stands as part of its Rapid Land<br />
Release programme and it intends finishing incomplete housing<br />
projects in Alexandra, Evaton, Kliptown, Bekkersdal and Winterveldt.<br />
Bodies such as the National Housing Finance Corporation,<br />
Indlu and Umastandi (social capital entrepreneurs) are working<br />
together with provincial authorities to find ways to formalise and<br />
monetise the township market so that sustainable incomes can<br />
be generated and affordable housing and rental stock becomes<br />
more readily available.<br />
An important concept for developers in Johannesburg is the<br />
tax incentive that accompanies the Urban Development Zone<br />
(UDZ). The City of Johannesburg and the South African Property<br />
Owners Association (SAPOA) have developed a database for all UDZ<br />
properties. Information about the owner of the plot, the valuation<br />
and zoning rights is available for every stand.<br />
Various “improvement districts” have also been created, for<br />
example the RID (Retail Improvement District) where businesses in a<br />
designated area pay levies to secure improved cleaning and security<br />
ONLINE RESOURCES<br />
Construction Industry Development Board: www.cidb.org.za<br />
<strong>Gauteng</strong> Partnership Fund: www.gpf.co.za<br />
Johannesburg Development Agency: www.jda.org.za<br />
Johannesburg Social Housing Company: www.joshco.co.za<br />
SA Reit Association: www.sareit.co.za<br />
services. The Johannesburg City<br />
Improvement District Forum<br />
shares information among<br />
the CIDs. Expenditure by CIDs<br />
collectively on supplementary<br />
public space safety, cleaning and<br />
maintenance is estimated to be<br />
about R61-million annually.<br />
The <strong>Gauteng</strong> Partnership<br />
Fund (GPF) has attracted more<br />
than R3.5-billion in private<br />
sector funding for affordable<br />
housing in the province since<br />
2012. The Brickfields housing<br />
and rental development in<br />
Newton was funded by the<br />
GPF and implemented by<br />
the Johannesburg Housing<br />
Company (JHC) as one of the<br />
first inner-city rejuvenation<br />
projects. JHC is a leader in<br />
converting bad buildings to<br />
usable rental space.<br />
The Johannesburg<br />
Development Agency (JDA)<br />
projects range from the<br />
upgrading of Constitution Hill,<br />
the Faraday Station precinct,<br />
work on the Fashion District<br />
and pavements of the inner city,<br />
renovation of the Drill Hall and<br />
the Newtown upgrade.<br />
Private developer Indluplace<br />
Properties has purchased nine<br />
large apartment blocks, taking<br />
its total buildings in central<br />
Johannesburg CBD, Berea and<br />
Hillbrow to <strong>23</strong>: 33% of the units<br />
are bachelor pads, 22% are twobedroomed<br />
flats. The listed<br />
company (its major shareholder<br />
is Arrowhead) intends to<br />
“aggressively grow its portfolio”<br />
of high-yielding properties as it<br />
believes the rental market has<br />
huge potential. ■<br />
GAUTENG BUSINESS <strong>2022</strong><br />
38
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