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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now