Tshwane's Economic Revitalisation Strategy Needs to Incorporate Manufacturing Sector

Strategic Insights -

The Gauteng MEC for Finance and Economic Development, Lebogang Maile, emphasized the importance of including the manufacturing sector in the City of Tshwane's economic strategy to boost the local economy, combat poverty, and create jobs. The city's economic revitalisation strategy aims to attract between R17 billion and R26 billion in investments, create 80 000 jobs for locals, and boost Tshwane's economic growth to 3.9% by 2029. However, Maile noted that the manufacturing sector is notably absent from the strategy, despite Tshwane's significant role in this sector.

Key Takeaways:

  • The City of Tshwane aims to attract between R17 billion and R26 billion in investments as part of its economic revitalisation strategy.
  • The strategy targets creating 80 000 jobs for locals and boosting Tshwane's economic growth to 3.9% by 2029.
  • Tshwane contributes to 220 jobs for every 1 000 manufacturing jobs in Gauteng, making it a significant hub for manufacturing employment.
  • Tshwane's exports reached R200 billion in 2024, accounting for nearly a third of Gauteng's total exports.
  • Key challenges identified by investors include bulk infrastructure, zoning, energy constraints, water use licenses, community challenges, completion of feasibility studies, and environmental impact assessment.
  • The city aims to attract R5 billion in new project investments by December 31 as part of its economic revitalisation strategy.
  • Manufacturing is effectively the 11th priority in the city's economic revitalisation strategy, with a specific focus on Pretoria West.
  • City strategic assets such as Rooiwal and Pretoria West power stations, Wonderboom National Airport, and the Tshwane Fresh Produce Market hold potential as catalysts for growth and investment.

Statistics:

  • Tshwane aims to attract R17 billion to R26 billion in investments.
  • The city aims to create 80 000 jobs for locals.
  • Tshwane contributes to 220 jobs for every 1 000 manufacturing jobs in Gauteng.
  • Tshwane's exports reached R200 billion in 2024.
  • Gauteng's total exports were approximately R600 billion in 2024 (note: this is an indirect source and not explicitly stated in the source, but can be inferred from the information).
  • The city aims to attract R5 billion in new project investments by December 31.

Sources:

  • Rapula Moatshe. "Tshwane's Economic Revitalisation Strategy Needs to Incorporate Manufacturing Sector." (Original Source not provided, as the article is a news report).
  • Lebogang Maile, Gauteng MEC for Finance and Economic Development. (Original Source not provided, as the article is a news report).
  • Tshwane City Council. "Economic Revitalisation Strategy." (Original Source not provided, as the article is a news report).