Landlocked, small in size, and highly urbanised, Gauteng lacks the natural assets and scenic beauty to vie with the country’s flagship leisure destinations of Cape Town, Durban and the wildlife safaris of the Kruger National Park. Nonetheless, tourism is viewed as a key enabler towards job creation and also plays a role in exposing the province...
Accounting for 40.6% of South Africa’s manufacturing base, the performance and challenges facing manufacturers in Gauteng reflect those of the country as a whole. The industrial sector is feeling the strain of several factors impeding its growth prospects, including reduced demand due to the global slowdown; squeezed margins due to rising...
In the past decade, South Africa’s roads have come to dominate the land transport sector. However, if the government’s plans come to fruition, the country is set for a rail revival in the next two decades. Government entities concerned with rail travel, including the freight logistics company Transnet Freight Rail and the Passenger Rail Agency...
Despite having the smallest land area of South Africa’s nine provinces at 16,548 sq km, Gauteng is the largest contributor to the national economy, making up onethird of total GDP, at R700bn ($85.33bn) – double the contribution of Kwazulu-Natal (16%) and the Western Cape (14%), the next two largest provinces by GDP.
Looking at the skyline of any major South African city, you will see far fewer cranes than during the construction surge that occurred in the past decade, when the prospects of hosting the FIFA World Cup led to a huge building drive incorporating everything from stadia and hotels to large-scale transport infrastructure projects. More so than any...
One of the best performing segments of the real estate sector over the past 12 months has been commercial office property. The office segment achieved an 11.2% overall return (income and capital) in 2012, the best performer outside industrial real estate and well above the sector average of 10.4% (retail had a return of 10.1%). Even so, the...
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