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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A REGIONAL OVERVIEW OF<br />
GAUTENG<br />
The Cullinan Mine is expecting its expansion project to start producing in 20<strong>24</strong>.<br />
A move to Johannesburg by a De Beers division has strategic<br />
significance for the <strong>Gauteng</strong> economy, not least in supporting<br />
the idea of Special Economic Zones as sector accelerators. The<br />
Vaal SEZ is the latest initiative to move forward, with the goal of<br />
revitalising the Vaal regional economy.<br />
By John Young<br />
Gold is what made Johannesburg but<br />
diamonds are in the news today. Gold<br />
mining continues in <strong>Gauteng</strong>, and new<br />
technologies are making it profitable to<br />
work on historic tailings, but the industry is now<br />
one of many rather than being the thing that<br />
defines the city or the province.<br />
<strong>Gauteng</strong> diamonds first made a big splash<br />
when the huge Cullinan diamond was discovered<br />
in 1905. It went on to become part of the crown<br />
jewels of the British monarch. Petra Diamonds<br />
recently approved another expansion project<br />
which will cost $173-million and is expected to start<br />
producing in 20<strong>24</strong> and reach steady state in 2026.<br />
As of January <strong>2023</strong>, De Beers Group’s<br />
Sightholder Sales business started operating out<br />
of Sky Park Industrial in Johannesburg, having<br />
been in Kimberely in the Northern Cape since<br />
diamonds were first discovered. Although the<br />
move has significance for the mining sector, De<br />
Beers’ choice is also a reflection of a long-term<br />
shift in the nature of the <strong>Gauteng</strong> economy<br />
that has for decades been moving away from<br />
resources and towards services.<br />
The move is also in line with the policies of<br />
national and provincial government to support<br />
Special Economic Zones (SEZs), in this case the<br />
<strong>Gauteng</strong> Industrial Development Zone (GIDZ).<br />
The aim is to attract entities engaged in mineral<br />
beneficiation to the zone, with this cluster being<br />
conveniently located near to the OR Tambo<br />
International Airport.<br />
The National Department of Trade, Industry and<br />
Competition (dtic) is the lead agent in the creation<br />
of SEZs, which are part of the national Industrial<br />
Policy Action Plan (IPAP). SEZs are designed to<br />
attract investment, create jobs and boost exports.<br />
Three district municipalities across the<br />
south of <strong>Gauteng</strong> are to host to the Vaal Special<br />
Economic Zone (Vaal SEZ) which will have<br />
GAUTENG BUSINESS <strong>2023</strong>/<strong>24</strong><br />
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