The establishment of twelve (12) industry-led Action Labs are part of the Gauteng Government’s intervention in each sector, to identify challenges and opportunities for economic growth.
The Plan outlines 10 strategic pillars to economic development, based on re-industrialisation, trade and investment promotion, infrastructure development, entrepreneurship support, skills development and regional economic integration.
All 12 of them are expected to be chaired by business associations.
Lebogang Maile, Gauteng MEC of Finance and Economic, unveiled the plan, at the 14th Buy Local Summit, held at the Sandton Convention Centre.
In addition, he said “the Gauteng Provincial Government will strengthen local industries, support SMMEs, and revitalize the township economy, with a bold goal for township businesses to contribute 30% of Gauteng’s GDP by 2030.”
Maile’s plan includes participation from various stakeholders, including government, business, academia, and civil society to drive growth.
The plan is to create up to 410 000 jobs by 2030, from manufacturing, ICT, logistics, agriculture, renewable energy, creative industries and financial services.
As South Africa’s primary economic hub, contributing around 35% of the national GDP, Gauteng plays a critical role in driving the country’s economic performance.
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