26-05-2025
Tshwane targets economic turnaround with new growth committee
The Tshwane metro has launched a dedicated Economic Growth Committee tasked with spearheading the implementation of the Tshwane Economic Revitilisation Strategy.
This strategic body, chaired by Mayor Dr Nasiphi Moya, will address systemic economic challenges and unlock inclusive, sustainable growth.
At the core of the committee's mandate is an ambitious target, to stimulate an annual local economic growth rate of at least 3.9% by the year 2029.
Moya said this goal reflects a calculated and determined response to stagnating economic indicators and aims to place the metro on a competitive footing within the national and global economy.
The committee is not merely a bureaucratic exercise; it is designed as a high-impact, action-oriented platform that brings together a wide range of stakeholders, including metro departments, private sector investors, development agencies, and informal economy players.
Through this collaborative model, the model hopes to dismantle regulatory barriers, fast-track investment processes, and open up new avenues for economic participation across the spectrum.
LISTEN:
The team will oversee and accelerate progress in key economic sectors such as manufacturing, green economy, digital innovation, township entrepreneurship, tourism, and infrastructure development.
'We recognise that economic recovery cannot be achieved through fragmented efforts.
This committee ensures a whole-of-government and whole-of-society approach to growth,' said Moya.
To maintain transparency and accountability, a comprehensive quarterly performance dashboard will be developed and published.
Moya said this tool will track progress against clearly defined, measurable targets and enable real-time feedback on areas requiring intervention.
She said it also offers the public a window into the metro's performance, reinforcing trust and civic participation in economic development.
The committee also aims to elevate the informal economy and township enterprise as engines of growth, ensuring that revitalisation efforts are not limited to established players but reach the grassroots level where resilience and innovation abound.
With sound policy, expert guidance, and decisive leadership, the Economic Growth Committee has the potential to chart a new path for the capital city, one of inclusive opportunity, shared prosperity, and sustained development.
ALSO READ: Possible water disruptions for parts of Tshwane
Do you have more information about the story?
Please send us an email to bennittb@ or phone us on 083 625 4114.
For free breaking and community news, visit Rekord's websites: Rekord East
For more news and interesting articles, like Rekord on Facebook, follow us on Twitter or Instagram or TikTok.
At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
