Gauteng Business 2016 edition
The 2016 edition of the Gauteng Business and Investment Guide is the premier business and investment guide for the Gauteng province and the Gauteng Growth and Development Agency (GGDA). In addition to detailed profiles of key provincial organisations, including the GGDA, the Automotive Industry Development Corporation Centre (AIDC), the Gauteng Investment Centre, the Gauteng IDZ, the Gauteng ICT Park SEZ and Constitution Hill, this edition includes well-researched economic and demographic data on the province, as well as insights into the province’s five development corridors and the new industries and development nodes in these corridors; a focus on Gauteng as a global city region; and key growth sectors for the province.
The 2016 edition of the Gauteng Business and Investment Guide is the premier business and investment guide for the Gauteng province and the Gauteng Growth and Development Agency (GGDA). In addition to detailed profiles of key provincial organisations, including the GGDA, the Automotive Industry Development Corporation Centre (AIDC), the Gauteng Investment Centre, the Gauteng IDZ, the Gauteng ICT Park SEZ and Constitution Hill, this edition includes well-researched economic and demographic data on the province, as well as insights into the province’s five development corridors and the new industries and development nodes in these corridors; a focus on Gauteng as a global city region; and key growth sectors for the province.
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SPECIAL FEATURE<br />
Township Economic Revitalisation<br />
Premier Makhura boosts investment in Ndlelanhle Khuzwayo.<br />
Township enterprises, cooperatives and SMMEs that produce<br />
goods and services that meet the needs of township residents<br />
are at the heart of the <strong>Gauteng</strong> Provincial Government’s (GPG)<br />
drive to revitalise and mainstream the township economy<br />
through supporting the development of township enterprises, cooperatives<br />
and SMMEs.<br />
The Township Economy Revitalisation (TER) project is integral to<br />
the five-year plan of the provincial government that aims to radically<br />
“Transform, Modernise and Re-Industrialise” <strong>Gauteng</strong>. The intention is<br />
to build a seamlessly integrated, socially cohesive and economically<br />
inclusive City Region.<br />
This follows the staging last year by the GPG of the Township<br />
Economy Revitalisation Summit, which was preceded by consultations<br />
with more than 50 000 township entrepreneurs from 65 townships.<br />
From these extensive consultations a strategy was created through<br />
which an enabling environment and a detailed programme of action<br />
can be established.<br />
It remains a fact that the level of entrepreneurship in South<br />
Africa is one of the lowest in the world, being ranked 27th out of<br />
59 countries in terms of the primary measure of entrepreneurship.<br />
According to a survey by the<br />
Global Entrepreneurship Monitor<br />
(GEM) in 2012, almost 4 400 small<br />
businesses closed down in South<br />
Africa due to a lack of funding.<br />
Unfortunately, the 2012 GEM survey<br />
also indicated declining levels<br />
of local entrepreneurship, from<br />
a reported 9.1% in 2011 down to<br />
7.3% in 2012. As accentuated in the<br />
Township Economy Revitalisation<br />
Strategy, the majority of the township<br />
enterprises operate on a<br />
small scale and would certainly<br />
have suffered as a consequence<br />
of this drop in performance.<br />
The recent emergence of<br />
shopping malls in the townships<br />
has also had a negative impact on<br />
small businesses. This is one of the<br />
GAUTENG BUSINESS <strong>2016</strong><br />
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