Image Source: InvestSA
Local – R300 billion – that’s the ambitious investment pledge target set by Gauteng Economic Development MEC, Lebogang Maile, ahead of the upcoming Gauteng Investment Conference (GIC) at the Johannesburg Stock Exchange in Sandton on 3 April.
At a media briefing on the province’s readiness to host the high-level event, Maile said the GIC would serve as a platform to attract significant investment into Gauteng and reaffirm its strategic economic role.
“The [GIC] is a transformative event in affirming the place of the Gauteng province in the continental economy. We are asserting that the development of Gauteng is in the best interest of South Africa, the Southern African Development Community and the continent broadly.”
A strong line-up of leaders is expected to speak at the conference, including Deputy President Paul Mashatile, who will deliver the keynote address. Minister of Trade, Industry and Competition, Parks Tau, Gauteng Premier Panyaza Lesufi, and Johannesburg Mayor Dada Morero will also contribute.
Maile highlighted the conference’s global interest, noting the large contingent of leaders expected from the business and government sectors across the African continent, the African diaspora, and other parts of the world.
“With over 50 companies represented, the conference will be a convergence point of the world’s most important companies in various sectors.”
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Focus on Strategic Sectors for Growth
Gauteng is responsible for 33% of South Africa’s GDP and contributes nearly 7% of sub-Saharan Africa’s output, positioning it as a critical economic hub.
Therefore, Maile stated, “Investment in the economy of Gauteng extends beyond the confines of its provincial borders into other lands across the entire continent.”
The GIC will also provide space for dialogue between policymakers, investors, and experts. “This will ensure that we come out with tangible and applicable outcomes.”
Sessions will focus on high-growth sectors such as advanced manufacturing, green and renewable energy, ICT and data infrastructure, transport and logistics, innovative property development, urban regeneration, tourism, and the creative economy.
“These sectors offer the most reliable instrument for ensuring sustainability and development, offering a clear path to economic prosperity that is anchored on inclusive growth, environmental protection and human development.”
