Gauteng is the financial hub of South Africa and an essential gateway to doing business anywhere in Africa.The Sandton central business district in the north of Johannesburg, Gauteng, is one of the richest areas in Africa. (Image: Brand South Africa)Gauteng is the financial hub of South Africa and contributes transport, technology, and telecommunications, as well as offering a host of benefits to companies needing a commercial base in Africa.The province is the economic engine of the southern African region, and the gateway to doing business in the rest of Africa.Although the smallest of nine provinces, covering only 1.4% of the country’s land area of the country, Gauteng contributes 33% to the national economy and a remarkable 10% to the GDP of the entire African continent.Gauteng was built on the wealth of gold found deep underground – 40% of the world’s reserves. The economy has since diversified, with more sophisticated sectors such as finance and manufacturing setting up shop, and gold mining is no longer the mainstay. The province is essentially one big city, with 97% of its population living in urban centres.Johannesburg is the capital, and by far the biggest city in South Africa – and Africa as a whole. It is often compared to Los Angeles, with its similar urban sprawl linked by huge highway interchanges.Gauteng overviewGauteng provincial governmentGauteng Growth and Development AgencyKey investment agenciesAgencies 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 and Economic Affairs 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.The Gauteng Growth and Development Agency (GGDA) is an investor’s first port of call for developing business relations in Gauteng and the rest of Africa.GGDA is Gauteng’s official economic, investment and trade promotion agency and its mission is to promote the economic growth and development of the province.GGDA identifies and markets investment opportunities in the province and responds to requests for assistance from potential local and foreign investors. It also hosts regular outward missions and provides local industry with opportunities to bid for local and international tenders, with specific emphasis on the European market in the engineering parts industry.GGDA’s activities take their lead from three approaches that form the basis of the Gauteng government’s economic strategy. These are:The realignment of the manufacturing sector away from traditional heavy industry input markets and low value added production towards sophisticated, high value added production, as well as the development of other high value added production activities in the agriculture and mineral sectors.The development of the province as the smart centre of the country with specific emphasis on information technology, telecommunications equipment, research and development and bio medical industries.The development of the finance and business service sector with specific emphasis on financial services and technology, auxiliary business services and technology, corporate head office location and business tourism.GGDAThe Gauteng Tourism Authority was created to stimulate, coordinate 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.Gauteng Tourism AuthorityFinance and industryThe most important economic sectors are financial and business services, logistics and communications, and mining.Gauteng is the financial capital of Africa: more than 70 foreign banks have their head offices in the province, and at least that number of South African banks, stockbrokers and insurance giants. The JSE in Johannesburg is the 17th-largest stock exchange in the world by market capitalisation.The JSE LimitedThe province’s economy is moving away from traditional heavy industry markets and low value-added production towards sophisticated high value-added production, particularly in information technology, telecoms and other high-tech industries.In an international survey in 2000, Gauteng was identified as one of 46 global hubs of technological innovation. The burgeoning high-tech corridor in Midrand, halfway between Pretoria and Johannesburg, is the fastest-developing area in the country.The province has the best telecommunications and technology on the continent, with correspondents for the world’s major media stationed here, as well as South Africa’s five television stations. It also has the highest concentration of radio, internet and print media in Africa.Manufacturing includes basic iron and steel, fabricated and metal products, food, machinery, electrical machinery, appliances and electrical supplies, vehicle parts and accessories, and chemical products.Johannesburg Chamber of CommerceAgricultureGauteng’s agricultural sector is geared to provide the cities and towns of the province with daily fresh produce. A large area of the province falls within the so-called Maize Triangle. The districts of Bronkhorstspruit, Cullinan and Heidelberg hold important agricultural land, where ground-nuts, sunflowers, cotton and sorghum are produced.Food, food processing and beverages make up around R9.9-billion of the province’s economy, with half of South Africa’s agriprocessing companies operating in Gauteng. New and competitive niche products under development include organic food, essential oils, packaging, floriculture, medicinal plants, natural remedies and health foods.Brand South Africa reporterWould you like to use this article in your publication or on your website? See Using Brand South Africa material.
South Africans of all colours marched to Orlando Stadium in Soweto, joining the call of the South African Council of Churches for us to all work towards making the country the best it can be.Hundreds marched from Madibane High School to Orlando Stadium in Soweto to mark 40 years since the Soweto Uprising.This year marks the 40th anniversary of the uprising, when, on 16 June 1976, thousands of school children protested the introduction of Afrikaans as the language of teaching.This year’s march, organised by the South African Council of Churches (SACC), was held on 11 June. It brought together church representatives from Palestine, Colombia, Burundi, Nigeria, Sudan, South Sudan and the Democratic Republic of the Congo.The SACC called on South Africans to “pray and work for a South Africa of promise – a reconciled, equitable and sustainable society, free of racial, gender, tribal and xenophobic prejudices”.They said we must work to free South Africa from corruption, socioeconomic discrimination and violence. They called for “each child born to grow to its God-given potential”.World Council of Churches general secretary, Reverend Olav Fykse Tveit, said the ideal South Africa is still to come. “We are with you today acknowledging that the walk towards the South Africa you hoped for and still pray for is not finished.“Together we also see a new sign of hope. We see today that there are new ways forward toward what you all can share as a land of freedom, trust, justice and peace. The process of reconciliation has to continue – and we see that it can continue and include many more.”Tveit said ordinary citizens could use their hope to change South Africa into the country they would like to live in. “We have the right to hope that something new is possible. Not only in 1976 or in 1994 [did] you have this right to hope. You have this right today.“Our life is a pilgrimage of justice and peace with one another and God in our common home, in this world. We search for transformation of ourselves and of the world in which we live.”The SACC published a press statement to mark Youth Day, saying future generations would use history to their benefit.“History can prescribe the fate or path of future generations, but equally, later generations can redefine history. Either way, later generations always need history to speak for itself in order for it to either constrain the present or for it to serve as a springboard from which the present can unlock the limitless prospects of the future.”
Essential Reading! Get my 2nd book: The Lost Art of Closing “In The Lost Art of Closing, Anthony proves that the final commitment can actually be one of the easiest parts of the sales process—if you’ve set it up properly with other commitments that have to happen long before the close. The key is to lead customers through a series of necessary steps designed to prevent a purchase stall.” Buy Now Steve Jobs dropped out of school, and he was successful (by a lot of people’s definitions, anyway).Bill Gates dropped out of college, and he is one of the wealthiest people on Earth (and he is making major contributions to the betterment of humankind).Warren Buffet didn’t go to college right away, but eventually went to school.Exceptions make for poor rules.The key to success for Jobs, Gates, and Buffet was not their lack of education. There is also no evidence that they would have failed had they gone to school. There is more evidence that the names on this page, and many more names that are missing, continued a journey of lifelong learning.Tabula RosaYour reptile brain, your cerebellum, performs its job flawlessly right out of the box. You start breathing immediately, and you are hungry without having to be instructed to be so, like a lion.Your mammalian brain, your limbic system, does what it is designed to do, even though the whole emotions things is complicated, and there is a lot going on in these areas of the brain.But your massive neocortex is different. It’s kind of like a computer. Programs like your language, your culture, and your values are going to be installed. You can also choose to install programs yourself, but most people are unaware or underutilize this power.One of the choices you make about how to use your brain is to go and use it to learn things.Feed Your HeadIt is helpful to understand history. History is useful in understanding the big themes of humankind, and also as a predictor of where things are going. In high school history, the same guys who couldn’t remember dates could remember all kinds of sports statistics. You can know some things.Reading the great works of literature is also very helpful. First, you learn a lot about the period in which it was written. You also learn about human thought, emotion, and psychology.Psychology should be required for anyone who is going to build a company or lead people or manage people or in any way interact with other human beings. College courses can give you a strong foundational understanding, and it can help you interpret the human behaviors you struggle to understand.There is no reason to walk around this Earth knowing nothing. A liberal arts degree is a good foundation on which to build. All this learning builds a powerful neocortex, and the experience can help with the mammalian brain, too.In this Disruptive Age, lifelong learning is necessary. It’s mandatory. You are going to have plenty of time to hustle and make money. In fact, you can start a company while you are in college. You can also continue to learn and improve yourself throughout your entire life, just like the people who are used as examples of why you should not go to college.Go to college, and educate yourself. After college, continue to educate yourself.
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