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 />
Development finance<br />
and SMME support<br />
Maponya Mall is lending a hand.<br />
SECTOR INSIGHT<br />
Provincial government<br />
spent R1.6-billion with<br />
youth-owned companies.<br />
Made in Soweto. The Maponya Mall Community Hub aims to<br />
support SMMEs and provide training for young people.<br />
Skills development for business owners and young people is at<br />
the centre of the Maponya Mall Community Hub, which was<br />
launched in <strong>2023</strong>.<br />
Facilities have been created at the mall where<br />
information and courses will be available. SMMEs will be helped<br />
in preparing their products for market and classes will be offered<br />
in branding and compliance.<br />
The Afrika Tikkun Foundation will run four-month Youth<br />
Accelerator Programmes focussed on sense of self and goalsetting,<br />
community and skills. Additional courses on the retail<br />
sector and ICT will be held. Other partners in the Hub initiative<br />
are Redefine Properties, the Dr Richard Maponya Institute and FNB<br />
Philanthropy.<br />
With youth unemployment high, a <strong>Gauteng</strong> Integrated Youth<br />
Development Strategy 2030 has been approved. The <strong>Gauteng</strong><br />
Provincial Government procured goods and services to the value<br />
of R1.6-billion from youth-owned companies in 2022.<br />
The national Youth Employment Stimulus (YES) programme has<br />
provided more than 100 000 young people with workplace experiences<br />
in <strong>Gauteng</strong>. Other avenues for job creation include the Expanded<br />
ONLINE RESOURCES<br />
<strong>Gauteng</strong> Growth and Development Agency: www.ggda.co.za<br />
Maponya Mall Community Hub: www.maponyamall.co.za<br />
Small Enterprise Development Agency: www.seda.co.za<br />
Public Works Programme (EPWP),<br />
placement as educational and<br />
general teacher assistants and the<br />
newly created Crime Prevention<br />
Wardens. A Township Economic<br />
Development Bill aims to do away<br />
with restrictive bylaws and rezone<br />
taxi ranks to allow for the growth<br />
of retail outlets and services such<br />
as mechanics and panel-beaters.<br />
<strong>Gauteng</strong> has 14 registered<br />
co-operative banking<br />
institutions serving more than<br />
16 000 member-owners, with<br />
over R100-million in savings<br />
and R150-million in assets.<br />
The township market of about<br />
250 000 township households<br />
holds enormous potential for<br />
collective buying.<br />
The <strong>Gauteng</strong> Growth and<br />
Development Agency (GGDA)<br />
is linking large companies with<br />
small businesses at Special<br />
Economic Zones (SEZs). The aim<br />
is to create a pipeline for SMMEs.<br />
About half of South<br />
Africa’s formal SMMEs operate<br />
in <strong>Gauteng</strong> and more than<br />
half are in the wholesale<br />
and retail sector and the<br />
accommodation sector. The<br />
next most popular sectors<br />
are community, social and<br />
personal services. ■<br />
GAUTENG BUSINESS <strong>2023</strong>/<strong>24</strong><br />
34<br />
PHOTO: Maponya Mall
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