3 March 2015
Premier David Makhura Announces Interventions To Unlock Gauteng's Economy
Premier David Makhura Announces Interventions To Unlock Gauteng's Economy
The Gauteng government has announced three interventions to change the space and structure of the economy of the province in order to address unemployment, poverty and inequality.
Speaking during the State of the Province Address on Monday, Premier David Makhura said these interventions are spatial reconfiguration, township economy revitalisation and massive infrastructure INVESTMENTS that the provincial government will jointly undertake with municipalities and private sector partners.
As part of the plan, Premier Makhura announced the reconfiguration the Gauteng City Region’s space and economy along five development corridors that have distinct industries and different comparative advantages.
These are:
- Central Development Corridor, which will anchored around the City of Johannesburg as the hub of finance, services, ICT and pharmaceutical industries;
- Eastern Development Corridor, which will be anchored around the economy of the Ekurhuleni Metro as the hub of manufacturing, logistics and transport industries;
- Northern Development Corridor, which will anchored around Tshwane as South Africa's administrative capital city and the hub of the automotive sector, research, development, innovation and the knowledge-based economy;
- Western Corridor, which encompasses the economy of the West Rand district and the creation of new industries, new economic nodes and new cities; and
- Southern Corridor, which encompasses the economy of the Sedibeng district and the creation of new industries, new economic nodes and new cities.
Source: Southafrica.info