Attracting investors to Gauteng
Premier David Makhura lists his government’s achievements during his term of office
GAUTENG Premier David Makhura has attracted international investors to set up business and job opportunities in various townships in the province, including a vehicle service plant in Kagiso, outside Krugersdorp.
Makhura has outlined his achievements since he took office in May, 2014, saying among his achievements had been to increase foreign direct investment (FDI) in Gauteng to create job opportunities.
In an interview with The Star, Makhura said that since 2014 Gauteng had attracted R66billion in FDI, of which R10bn was facilitated by the Gauteng Investment Centre in Sandton, now known as InvestSA.
The investment centre had created 14000 jobs in the province, Makhura said.
He added that most of these investment were made in the affluent parts of the province, but added that this did not deter him from encouraging investors to channel their resources into the townships.
Makhura said four companies from the Reggio Emilia government, one of the provincial governments in Italy, had put in resources to establish an Automotive Hub in Chamdor, Kagiso.
He said his government has sourced equipment from the companies, which would allow the local community to fix vehicles in their area.
“The technical equipment is being installed and will be completed by the end of January,” he said.
“Amazon has also agreed to set up information and communication technology (ICT) centres in places like Soweto, Mamelodi and Rosslyn. We hope to establish eKasi labs in most of the townships.”
Makhura said the Automotive Industry Development Centre would be managing the hub and ensuring the training of the community in Chamdor, Kagiso.
“Over the past four-and-a-half years, we have built a strategic partnership with the private sector through industry action labs that focused on the automotive industry; mining and mineral beneficiation; aerospace; defence and aviation industry; capital equipment and machinery manufacturers; food and beverages; ICT industry and the Business Process Outsourcing sector,” Makhura said.
He added that through their initiative his government managed to create 420000 new jobs in the province.
“We have also helped Gauteng-based companies access major opportunities in the regional value chains and supply chains within the SADC and the broader African continent, as part of promoting intra-Africa trade and industrialisation.
“Our work on sub-national economic diplomacy has been strengthened in major regions in Africa, Europe, Asia and America,” he said.
He added that last month, after Gauteng co-hosted the Inaugural Africa Investment Forum (AIF) with the African Development Bank, they managed to secure $38 billion (R525bn) for infrastructure projects in Africa alone.
“As Gauteng province, we are bringing our full weight in contributing to President Cyril Ramaphosa’s effort to raise $100bn in investment into the South African economy over the next five years,” Makhura said.