Latest news with #GautengInvestmentConference
Eyewitness News
22-05-2025
- Business
- Eyewitness News
GP govt secures over R320bn from Gauteng Investment Conference
JOHANNESBURG - The Gauteng government said it has secured more than R320 billion from the recent Gauteng Investment Conference. In April, the provincial administration hosted international delegates to attract investment to Gauteng. The funds are intended to support job creation and boost development within the province. At a media briefing on Thursday, Gauteng Premier Panyaza Lesufi assured the public that the government would ensure the funds are used effectively. 'We managed to raise R320 billion from companies that cut across our continent, but a majority of them come from our BRICS nations, and we really welcome these commitments. 'We are now starting to convert these pledges into tangible job opportunities, and you will see that Gauteng will be turned into a construction site. We want to thank these institutions for believing in our vision.'
IOL News
24-04-2025
- Business
- IOL News
R312.5 billion investment boom for Gauteng as provincial conference surpasses goals
Gauteng's MEC for Finance and Economic Development, Lebogang Maile, announced that the province secured over R312 billion Image: Itumeleng English / Independent Newspapers Gauteng's MEC for Finance and Economic Development, Lebogang Maile, announced that the province has secured over R312 billion in investment pledges at the inaugural Gauteng Investment Conference. The provincial government initially set a target of attracting at least R300 billion in new investment pledges as part of its broader goal to secure R800 billion in investments over the next three to five years. Speaking at the conference, Maile said the aim of the conference was "to catalyse the province's economic momentum and align with its broader integration goals". TARGET EXCEEDED | INAUGURAL GAUTENG INVESTMENT CONFERENCE, 2025 🇿🇦 We have managed secure pledges with an investment value of R312.5 billion. This is R12.5 billion more than our initial target. 1/5 — Lebogang Maile (@LebogangMaile1) April 3, 2025 He also highlighted that Gauteng contributes 33.2% to the country's Gross Domestic Product (GDP), adding that it is the largest provincial economy within the Southern African Development Community (SADC). Maile confirmed that the provincial government had exceeded its initial target, securing R312.5 billion in investment pledges, R12.5 billion more than the original goal. Get your news on the go, click here to join the IOL News WhatsApp channel. "We have managed to secure pledges with an investment value of R312.5 billion. This is R12.5 billion more than our initial target," Maile said. He further added that the pledges will be directed toward specific projects across all five development corridors of Gauteng, with the Central Corridor receiving R174.9 billion of the share. "These pledges have been directed towards specific projects across all 5 development corridors of Gauteng, with the Central Corridor receiving R174.9 billion of the share, the Eastern Corridor receiving R36 billion, the Northern Corridor receiving R13 billion, the Southern Corridor receiving R42 billion, and the Western Corridor receiving R23.7 billion," he said." "The broader Gauteng City Region has received pledges of R312 billion," he added. IOL Business
Zawya
04-04-2025
- Business
- Zawya
South Africa: Gauteng pitches $15bln investment opportunities to the world
Gauteng Economic Development MEC, Lebogang Maile, announced the province's goal of securing R300bn in investment pledges at the Gauteng Investment Conference (GIC) set to take place at the Johannesburg Stock Exchange in Sandton on Thursday, 3 April 2025. 'Leaders across all tiers of government, including Minister of Trade, Industry and Competition, Parks Tau, Premier of Gauteng Premier Lesufi, and Johannesburg Mayor Dada Morero, are providing inputs at the conference. 'Of equal significance is the large contingent of leaders across the business and government sectors on the African continent, the African diaspora and the globe. With over 50 companies represented, the conference is a convergence point of the world's most important companies in various sectors,' Maile said. The Gauteng province is of importance for South Africa's economy and contributes at least 33% to the national Gross Domestic Product, and nearly 7% of sub-Saharan Africa's output. '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. 'Thus, investment in the economy of Gauteng extends beyond the confines of its provincial borders into other lands across the entire continent,' the MEC said. Furthermore, the conference is serving as a platform for critical dialogue that will 'enable direct engagement between policy makers, investors and industry experts'. 'This ensures that we come out with tangible and applicable outcomes. The sessions are focusing on, among other things, public-private infrastructure investments, as well as Gauteng's key, most dynamic and high growth sectors, including…advanced manufacturing, green and renewable energy, ICT [information and communication technology] and data infrastructure, transport and logistics, smart property development and urban regeneration, as well as tourism and the creative economy,' he said. Maile emphasised that these sectors are critical to ensuring development on a provincial, national and continental level. 'Investment in these sectors offers 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,' Maile said All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
