Gauteng Business 2016 edition

FOCUS
With a private sector investment of more than R4-billion, this
development will stimulate much needed economic activity
in this corridor. The development is estimated to be worth between
R7- and R11-billion, and will create up to 7 500 jobs in the
construction phase alone. The new Vaal River City will comprise
a unique residential and commercial development.
The second area of focus is to unlock the agricultural potential
of Sedibeng as the food basket of the Gauteng City Region and
position the region as an Agropolis. In this regard, they are working
with the private sector to support 32 black farmers to plant
barley and maize to be supplied to the nearby Heineken Brewery.
The project will create 1 000 permanent jobs per annum over
three years. The Department of Agriculture would also establish
an agri-park linked to township revitalisation near Sebokeng
Zone 10 Industrial Area.
Also in this corridor, they will continue to support the Gauteng
Highlands development, a mixed-use development comprising
industrial and residential space. This is a R40-billion investment
aimed at creating 25 000 direct and indirect jobs,” said Makhura.
For the southern corridor, R1.5-billion had been set aside for
housing, services, new schools, rehabilitation and upgrade
of roads, in particular R82 Phase 2 between Walkerville and
Vereeniging, and maintenance and rehabilitation of health
facilities.The Department of Human Settlement has set aside
R892-million which will go toward building more than 120 000
houses in Sedibeng over the next five years.
The Southern Corridor
In the Southern Corridor, which
represents the Sedibeng district
and the Vaal triangle, government’s
goal is to shift the economy
away from its overreliance
on the steel industry and diversify
to include tourism and entertainment,
agro-processing, logistics.
The development of the new
Vaal River City (hydropolis) aims
to unlock the potential of the
waterfront developments in the
Emfuleni and Midvaal areas. The
second area of focus is to unof
the Aerotropolis will also cover Lanseria Airport in Johannesburg
and Wonderboom Airport in Tshwane. Because of the interregional
nature and transformative magnitude of the Aerotropolis this project
has now been elevated to being a Gauteng City Region-wide initiative.
There are also a number of other unfolding initiatives by stateowned
companies that will contribute to the reindustrialisation
of Ekurhuleni . Worth mentioning is Tambo Springs Inland Port
Development Project estimated to receive R7.5-billion investment
over the next five years.
Contributing further to the geographical and spatial change
planned within the corridor, the provincial government will roll out
the Bus Rapid Transit System and plans to build more than 100 000
housing units in Chief Albert Luthuli, John Dube Extension 2, Tsakane
Extension 22, Germiston South, Leeuwpoort, Rietfontein and Claysville
Extension 45.
The Northern Corridor
The Northern Corridor is centred
both around Pretoria, as South
Africa’s administrative capital and
Tshwane, South Africa’s capital
city. The main economic drivers
are the automotive sector and its
research, development and innovation
capacity. Along this vein,
the West Capital development
project will include the development
of a student village, sport
incubatory centre, retail and commercial
components, inner city
housing and health facilities.
The City of Tshwane will further
invest R525-million to establish
a Business Process Outsourcing
Park in Hammanskraal. The Park
will offer on-site training, technical
support and incubators for
SMMEs. The project is expected
to create over 1 000 jobs during
construction and over 1 000 indirect
jobs. Of the R2-billion set
aside for this corridor, human settlements
again absorbs the lion’s
share of R964.2-million, of which
over R400-million has been set
aside for the Soshanguve and
Hammanskraal vicinity.
GAUTENG BUSINESS 2016
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