Gauteng brings in R66bn in foreign direct investment
The Gauteng economy attracted R66bn worth of foreign direct investment between 2014 and 2016, Premier David Makhura said on Tuesday. The provincial government was focused on increasing trade and investment with major economies in Africa, fellow Brics countries, Asia-Pacific, Europe and the Americas, he said during his state of the province address in Randfontein, west of Johannesburg. The Gauteng investment centre and the team at the Gauteng growth and development agency were doing well in making the province a preferred investment destination, Makhura said. The province received the largest number of foreign tourists, at 41.4%. "Gauteng has the highest number of bed-nights and revenue generated, compared with other provinces, within the international tourist markets. We also receive the majority of African land-based tourists," he said. With regard to the revitalisation and mainstreaming of the township economy, the Gauteng government had increased its spending on the township econ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.