Investors in Gauteng will find the region offers the best of all worlds, with access to a wide variety of products, services and markets.
- Foreign investment is actively encouraged
- No government approval is required
- 100% foreign ownership of a business is permitted
- Excellent business and financial services are available
- South Africa is a signatory to several international investment protection agreements
- Profits are freely remittable.
10 good reasons to invest in Gauteng
- Best access to African markets
- Politically stable
- Clear and consistent economic policies
- World-class road, rail and air networks
- Investor-friendly environment
- Excellent infrastructure
- Large labour pool, with the most highly skilled workforce in Africa.
- Attractive incentives
- Low land and building costs
Gateway to Africa
Covering an area of 17 010 square kilometres, Gauteng is essentially one big city, with 97% of its population living in urban centres. For this reason, it has become one of the most popular trade and investment destinations in the world, not only in its own right but as a gateway to the rest of the country and all Africa.
Most multinational companies operating in southern and eastern Africa opt to locate their headquarters in Johannesburg, as the province provides world-class services and opportunities. There are many lucrative possibilities arising from a wealth of natural resources and almost unlimited export and import opportunities.
Because of the relative openness of its economy and the liquidity of its currency, the rand, South Africa is one of the world's more favoured emerging markets. It is often seen as a bellwether for unfolding global trends as its currency reacts among the first to global financial trends and capital flows.
Gauteng is the central point of international investment, economic growth and long-term financial stability of South Africa. The majority of the business headquarters are found in and around Johannesburg metropole, one of three metropoles in the province. It is home to the JSE Securities Exchange, as well as bond exchange and over-the-counter (OTC) market. The stock exchange is robust and active, and includes a vibrant alternative board, AltX, similar in vision to AIM on the London Stock Exchange.
Key investment agencies
Agencies set up to promote investment in the province include the Gauteng provincial government's Department of Finance and Economic Affairs, the Gauteng Economic Development Agency, the Gauteng Tourism Authority, and Blue IQ, which runs the province's spatial development initiative.
Gauteng provincial government
The Department of Finance of the Gauteng provincial government oversees the financial health of the province, provides payment and accounting services, oversees provincial procurement, and promotes the economic development of Gauteng by providing a number of essential economic development functions.
GGDA came into existence on the 01 June 2012. It was a merge between the Gauteng Economic Development Agency (GEDA) and Blue IQ Investment Holdings.
This merger was initiated and is funded by the Gauteng Department of Economic Development (GEDED). The agency is mandated to design, develop and implement key strategic economic development programmes, such as the Gauteng Economic Growth and Development Strategy (GEGDS) and positioning itself as a thought leader to manage relations within its scope of operations as the implementation arm of GDED and the provincial government.
For more information, go to www.ggda.co.za
Gauteng Enterprise Propeller
The Gauteng Enterprise Propeller (GEP) was established with the support of the Department of Finance to provide support and to coordinate stakeholders for the benefit of small, medium and micro enterprises in Gauteng. It seeks to enable entrepreneurs to achieve their goals.
The GEP provides business support, technical assistance, fact sheets and business tools to entrepreneurs. Its Enterprise Support Programme provides help to businesses in the manufacturing, service and commercial sectors of the economy.
GEP provides entrepreneurs with all sectoral information they need. The programme is tailored to suit businesses' needs using either GEP's full-time specialists or carefully selected and accredited service providers. This assistance is offered on a sliding subsidy scale.
The Enterprise Support Programme provides access to skills and capabilities that are normally only available to big business, personal service through GEP's relationship managers, better performance with limited own resources, improved business efficiency, free business tools and fact sheets on the GEP website, and an after-care service through relationship managers and mentors who visit the business on a regular basis to offer advice or act as a board.
To qualify for support, businesses must be black owned and black managed, and must make some contribution towards the project costs. The business must be legally registered, and be based in Gauteng.
Gauteng Tourism Authority
The Gauteng Tourism Authority was created to stimulate, co-ordinate and facilitate sustainable tourism development and marketing of the Gauteng province.
- Its objective is to create a world-class destination that will attract tourists, business people and all other visitors who will contribute to the province's economic growth and benefit the communities.
- For more information, go to www.gauteng.net
Gauteng Film Commission
The Gauteng Film Commission (GFC) develops, promotes and coordinates the film and television production industry in South Africa's wealthiest province. It is tasked with positioning the province as a world-class destination for filmmaking as well as attracting local and international investments in the film and television industry.
Its core business is to facilitate and enhance the contribution of the industry to the economic growth of the province. The GFC markets Gauteng, with its world-class industry infrastructure, recognised expertise and wide range of locations, as a destination of choice. It also acts as a centralised industry intelligence hub and ensures that people across Gauteng can experience the magic of cinema.
The GFC works with industry, government agencies and other key stakeholders, advising on the development and growth of a sustainable audiovisual industry. It supports the transformation of this sector into a world-class industry and its vision is to cultivate an environment that allows it to play a meaningful role in the socio-economic development of Gauteng.