The next big thing
Gauteng's huge future cities
Investment in infrastructure is ideal for pension funds. Over the next 15 years, Gauteng alone is looking for R1.8 trillion. It would have to be found in partnerships with the private sector. Good governance and accountability are prerequisites.
The province’s whole tone sets it apart as it forges ahead with its own initiatives and plans
Amid the gloom over the governing party, there’s a shaft of light from ANC Gauteng. It remains potently within the national body but is increasingly distinguished from subservience to the dismal leadership. Economically and politically, the provincial organisation forges ahead with initiatives and ideals of its own. Economically, it stands out for the courting of institutional investors to participate in the ambitious plan for “mega human settlements”. The plan itself is breathtaking in transformative potential. With its huge funding requirements, institutional participation is essential. The province, which relies on an allocation from national treasury for over 90% of its budget revenue, simply cannot go it alone. Neither can it entertain partnerships unless it demonstrably practises the governance standards that are at the heart of institutional requirements. Financial institutions have a primary duty to the millions of ordinary South Africans who entrust savings to them. Politic...
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