Gauteng Business 2023-24
The 2023/24 edition of Gauteng Business is the 14th 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 Special Economic Zones is included in this edition. SEZs are a major plank of industrial policy at national level and Gauteng is enthusiastically rolling out sector-specific zones in every district. The Vaal SEZ, which is preparing the way for ratification by national authorities, is the newest zone intended to boost development. All of the main economic sectors of the provincial economy are reviewed, ranging from agriculture, transport and logistics, energy and manufacturing through to education and training. Like the rest of the world, Gauteng is adapting to and innovating in the field of energy. 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 and Sibanye-Stillwater making land available on the West Rand for solar farms are indicators for the future. To complement the extensive local, national and international distribution of the print edition, the full content can also be viewed online at www.globalafricanetwork.com under e-books. Updated information on Gauteng is also available through our monthly e-newsletter, which you can subscribe to online at www.southafricanbusiness.co.za, in addition to our complementary business-to-business titles that cover all nine provinces as well as our flagship South African Business title and the new addition to our list of titles, The Journal of African Business, which was launched in 2020.
The 2023/24 edition of Gauteng Business is the 14th 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 Special Economic Zones is included in this edition. SEZs are a major plank of industrial policy at national level and Gauteng is enthusiastically rolling out sector-specific zones in every district. The Vaal SEZ, which is preparing the way for ratification by national authorities, is the newest zone intended to boost development.
All of the main economic sectors of the provincial economy are reviewed, ranging from agriculture, transport and logistics, energy and manufacturing through to education and training. Like the rest of the world, Gauteng is adapting to and innovating in the field of energy. 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 and Sibanye-Stillwater making land available on the West Rand for solar farms are indicators for the future.
To complement the extensive local, national and international distribution of the print edition, the full content can also be viewed online at www.globalafricanetwork.com under e-books. Updated information on Gauteng is also available through our monthly e-newsletter, which you can subscribe to online at www.southafricanbusiness.co.za, in addition to our complementary business-to-business titles that cover all nine provinces as well as our flagship South African Business title and the new addition to our list of titles, The Journal of African Business, which was launched in 2020.
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OVERVIEW<br />
Construction and property<br />
Green is cool.<br />
SECTOR INSIGHT<br />
SECTOR INSIGHT<br />
Serviced land is being released<br />
for housing.<br />
90 Rivonia Road has a four-star rating from the Green Building<br />
Council South Africa.<br />
Redefine Properties’ third green bond was oversubscribed<br />
when it went to market in August <strong>2023</strong>. An amount of R1-<br />
billion has been allocated across three, five and seven years.<br />
Green buildings are now considered mainstream in<br />
the construction industry, and star ratings from Green Building<br />
Council South Africa (GBCSA) are expected in commercial,<br />
industrial and residential projects. The bond was listed on the JSE<br />
in the Sustainability Segment, a further sign that every sector is<br />
responding to the climate crisis.<br />
Redefine will use the bond financing to work towards<br />
decarbonisation of its portfolio through the reduction of energy<br />
consumption by making systems more efficient, collaboration with<br />
tenants and solar photovoltaic installations.<br />
The North Wing of 90 Rivonia Road is an example of Redefine<br />
property that is four-star rated by the GBCSA. Features include a climateresponsive<br />
facade, efficient air-conditioning and intelligent lighting,<br />
multi-level planting beds along with some passive design elements.<br />
Township landlords are to be integrated into the real estate<br />
sector by means of loans from provincial government that will allow<br />
them to invest in their properties and comply with regulations. The<br />
aboMastandi scheme has seen 40 loans (from 2 000 applications)<br />
approved so far.<br />
On the occasion of the State of the Province Address in<br />
February <strong>2023</strong> the provincial government released 482 serviced<br />
stands. The South African<br />
Housing Infrastructure Fund<br />
(SAHIF) has been active in<br />
the market of preparing land<br />
for development. Noting<br />
that some municipalities had<br />
been returning their housing<br />
budgets unspent, SAHIF<br />
focussed on the first stages of<br />
development that are often<br />
ignored: zoning, approvals and<br />
basic infrastructure. SAHIF does<br />
that work and then sells it on to<br />
developers. It is estimated that<br />
early investments into 1 476ha<br />
of land will yield approximately<br />
73 800 housing units. SAHIF’s<br />
goal is to speed up the delivery<br />
of affordable housing.<br />
The R300-million SA SMME<br />
Crisis Partnership Fund was<br />
launched in the <strong>Gauteng</strong><br />
township of Tembisa in 2022.<br />
A collaboration between<br />
the Provincial Government<br />
of <strong>Gauteng</strong>, the Industrial<br />
Development Corporation (IDC)<br />
and the SA SME Fund intends<br />
to make financing available up<br />
to R1.5-million to SMMEs and<br />
to home owners wanting to<br />
upgrade their backyard rental<br />
accommodation.<br />
Six intermediaries have<br />
been identified to find and<br />
fund entrepreneurs and rental<br />
properties that need working<br />
capital or asset finance. Indlu<br />
GAUTENG BUSINESS <strong>2023</strong>/<strong>24</strong><br />
32<br />
PHOTO: Redefine Properties
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