Investment Opportunities in Gauteng’s Economy

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All right, 23 minutes past seven o'clock here in Pal business with me no super hot day. Therefore, your Monday edition of the show, we move to this now, Haudenosaunee South Africa's economic powerhouse plays a pivotal role in driving the nation's growth and competitiveness. At the forefront of this effort is the Haudenosaunee Growth and Development Agency, an entity tasked with spearheading sustainable job creation and economic development in the province at the recently held

a Teja CEO dialogue, where influential CEOs, ministers and political leaders gathered to discuss critical challenges and opportunities for fast-tracking Africa's economic growth, the GGDA highlighted Haudeng's fertile investment landscape. And to help us unpack this is Sakhi Zangaga CEO for the Haudeng Growth and Development Agency. Sakhi, a very good evening and welcome to Power Business. Good evening, support. Thank you.

Or it's like he talked us about or give us an overview then of the role of the Khadang Growth and Development Agency on Earth highlighted it, but talked us about what role it plays in driving economic development in the Khadang city region. Thank you so much. So simply put our role is to make it easy for people to do business in Khadang. And that business must lead to growth in the economy and development that's inclusive.

and distributed across. And we typically do that in two ways. We attract investments from outside of the country, but also investors in the country want to put in money.

And then the other piece is we put money into economic infrastructure that helps business happen. So way of example, there are certain places which can't develop because they need bulk infrastructure, they need water, they need electricity, they need sewer and many other things to cater for now industrial development. So we'll invest in those things. If an investor comes in here,

How do they register their business? How do they do their tax? How do they get electricity approvals? How do they get construction approvals? So those are the things that the GGDA does to make it easy for investors to put money and grow the economy. And I want to know then, Saki, what are the key economic sectors that the GGDA is focusing on for growth and investment? And how do these sectors align then with the province's broader economic and industrial policies?

And so we've focused on some sectors that we think traditionally are important to grow any economies or energy is important. Manufacturing is important. I mean, we've been doing well on the industry. We've done well on capital equipment in the mining sector.

but there are some of the newer sectors that are actually very exciting like business process outsourcing. In simple terms, this would be called centers who want to come to South Africa because maybe we have a cost advantage over other jurisdictions, but either than just cost advantage, we've also become in terms of service offering a very competitive in the world infrastructure.

and tech and able sectors. So those are the things that we are looking at. And with the unprecedented CO dialogue, there was a lot of focus on innovation, infrastructure, agriculture, and maybe the creative sector, because the Italians have generally been very competitive on those sectors.

And then I want to know within the recent Teja CEO dialogue event brought together influential leaders to discuss pressing challenges on the continent. Why then did the Hauden Growth and Development Agency decide to partner with the Teja CEO dialogue event?

So this is a long association of support. Digitality got involved in this when it was called a dialogue between the two countries in 2014.

And Europe has been a traditional big trading partner for South Africa, the Americans, who now have the Chinese growing and many other of the British countries. So, in some of these traditional markets, we always want to keep pulse with what is happening with them.

And this became a platform to create that dialogue, as they call it, where Italian CEOs and South African CEOs meet together and they look at what are the things that can improve trade. And if we look at the past 11 years, because this dialogue now,

was this was the 11th edition that we had this year, traders growing three times from the time these dialogues started because they bring like-minded people into the room

to see what more can be done and there's several I mean even when we're sitting there there were some companies that announced investments that they are actually doing and there were some companies were coming for the first time saying we in agriculture I mean there was a beef one as an example they're saying okay we're looking at South Africa we're already in Angola and we think that you know we can get into the market so really the partnership is to look at established platforms

that get us to get the message to the leaders that we need, that our decision-makers on investments. And this platform has done that very well. If you look at what, as I'm saying, has been the trade over the past 10 years. All right. On that note, Sakhi, we'll leave it there. Thank you so much for your time this evening. Thank you, no problem.

All right, that was Sakhi Zamplagar CEO for the Khouting Growth and Development Agency, taking us through investment opportunities in Khouting's economy.