Maile: Gauteng investment drive will launch plans to propel economic growth
Gauteng set itself an investment target of R800 billion over the next five years, with pledges to the tune of R300 billion already made at the inaugural investment conference.
FILE: Gauteng Finance MEC Lebogang Maile. Picture: Thandoluhle Ngcobo/EWN
JOHANNESBURG - Gauteng MEC for Economic Development Lebogang Maile said the province’s latest investment drive will set into motion plans to drive economic growth.
Gauteng set itself an investment target of R800 billion over the next five years, with pledges to the tune of R300 billion already made at the inaugural investment conference.
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Maile led a team of officials on Thursday, where the public sector met in a room with the private sector in a bid to catalyse foreign and regional direct investment into Africa’s economic powerhouse.
Maile has assured investors that the province’s plans won’t become a pipedream.
"Our investors can be confident that we are not building castles in the sky but that their much-needed investments will be directed towards a clear path of economic development on the continent."
He said 60 high-value projects in 15 sectors have already been earmarked to help grow the province’s economy.
"The project investment book prepared for this conference is an indication that we are not hosting this conference for the sake of mere discussions but to give practical, financial and technical support to projects for which we as the Gauteng government have already made significant investments at different levels."