Thabo Bodibe
Gauteng Provincial Government aims to attract R800 billion investment pledges over three years.
Finance and Economic Development MEC Lebohang Maile announced on Thursday, 13 February 2025, at the official launch of the Gauteng Investment Conference at the Johannesburg Stock Exchange in Sandton.
The conference aims to showcase high-growth sectors and enhance project preparation and execution by addressing barriers in Gauteng.
The recently launched Gauteng Investment Conference is scheduled for 3 and 4 April 2025 at the Johannesburg Stock Exchange in Sandton.
Addressing stakeholders, MEC Maile highlighted the need for Gauteng to lead as a global investment and tourism destination
“While this might sound like an insurmountable target, we are confident in the investment potential of the province, as well as the existing and further development of the infrastructure necessary to convince the global investor community of our capacity.
“Thus, the first objective of the conference is to secure R300 billion in investment commitments. This is a foundational step toward our R800 billion target.
“It is a call for domestic and international investors to support the transformative initiative in Gauteng grounded in sustainable development,” said Maile.
The Department of Economic Development aims to create networks that promote strategic investments and align with shared objectives for a prosperous Gauteng.
Highlighting transformative opportunities, from advanced manufacturing to the digital economy, reinforcing Gauteng’s position as a prime destination for impactful investments aligned with regional growth priorities.
MEC Maile emphasized the importance of expanding Gauteng’s global investment reach and ensuring the envisaged growth and development to benefit the broader region and continent.
GPG aims to revive the jewellery and diamond industry, which has declined from over 5000 to under 100 cutters and polishers since the early 2000s.
The Jewellery Manufacturing Park was established to benefit beneficiaries. It houses the second-largest food processing factory in the country and has contributed significantly to the creation of jobs.
The precinct created over 2,500 operational and more than 2,000 construction jobs. Various developments and initiatives are underway that will be of particular interest to investors.
Precinct 1 was completed in 2024, featuring 12 buildings focused on agri-processing, jewellery, and diamond beneficiation.
This month’s launch of ORTIA Precinct 2 marks a significant milestone in Gauteng’s broader investment strategy, reinforcing the province’s commitment to fostering economic growth, industrial expansion, and job creation.
The OR Tambo Special Economic Zone (SEZ), Precinct 2, will unlock new opportunities for investors and businesses, further strengthening Gauteng’s position as a hub for high-value manufacturing and beneficiation.
The Gauteng investment conference aims to serve as a collaborative forum for public and private entities, fostering partnerships that drive regional growth. This is affirmed by the province hosting the G20 Summit, which is scheduled to take place in November 2025.
SOURCED FROM THE GPG WEBSITE.
