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 />
Financial products are available to allow owners to fund upgrades<br />
of backyard rooms for rental.<br />
Living, one of the six companies, is already funding rental property<br />
upgrades, with the expectation that rental income will pay off the loan.<br />
An innovative scheme to build a new township in <strong>Gauteng</strong><br />
is backed by a retirement fund. The Transport Sector Retirement<br />
Fund is building an integrated settlement in the Sedibeng District<br />
Municipality south of Johannesburg. The R2.7-billion development<br />
includes a shopping centre and will include a mix of housing types.<br />
A large housing project south-east of Tshwane has been<br />
designated a Strategic Integrated Project (SIP) which means that all<br />
of the external bulk services will be supplied by the Department of<br />
Public Works and Infrastructure.<br />
Balwin Properties will develop the residential component of<br />
Mooikloof Mega City and the educational, commercial and filling<br />
station erven will be sold to a third party. The intention is to build<br />
about 16 000 apartments, with the potential to increase to 50 000.<br />
The property is on Garsfontein Drive.<br />
Another SIP is Malibongwe Ridge, a mixed-use development that<br />
is a joint venture between the City of Johannesburg and the <strong>Gauteng</strong><br />
Department of Human Settlements. Located next to Cosmos City,<br />
housing for 5 500 families is expected to cost R2.55-billion to develop.<br />
By 2030 <strong>Gauteng</strong> will have two huge new cities, socially diverse,<br />
digitally connected and ecologically responsible and sustainable.<br />
That’s if the Provincial Government of <strong>Gauteng</strong> brings to fruition<br />
its plans for the west (Lanseria to Hartbeespoort Dam) and in<br />
the south, where Vaal River City will stretch from Vereeniging to<br />
Sasolburg in the Free State.<br />
In the 25 years since South Africa has been a democracy, more<br />
than 1.2-million subsidised houses have been built by government<br />
entities in <strong>Gauteng</strong>. Provincial government has pledged to release<br />
10 000 serviced stands as part of its Rapid Land Release programme<br />
ONLINE RESOURCES<br />
Construction Industry Development Board: www.cidb.org.za<br />
<strong>Gauteng</strong> Partnership Fund: www.gpf.co.za<br />
Green Building Council SA: www.gbcsa.org.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 />
and it intends finishing<br />
incomplete housing projects<br />
in Alexandra, Evaton, Kliptown,<br />
Bekkersdal and Winterveldt.<br />
Bodies such as the National<br />
Housing Finance Corporation,<br />
Indlu and Umastandi (social<br />
capital entrepreneurs) are<br />
working together with<br />
provincial authorities to find<br />
ways to formalise and monetise<br />
the township market so that<br />
sustainable incomes can be<br />
generated and affordable<br />
housing and rental stock<br />
become more readily available.<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 upgrading<br />
of Constitution Hill, the Faraday<br />
Station precinct, work on the<br />
Fashion District and pavements of<br />
the inner city, renovation of the Drill<br />
Hall and 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 23: 33% of the units<br />
are bachelor pads and 22% are<br />
two-bedroomed flats. ■<br />
PHOTO: Indlu Living<br />
GAUTENG BUSINESS <strong>2023</strong>/<strong>24</strong>
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