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Gauteng targets 8% growth

22 Sep 2014 - by Liesl Venter
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Gauteng is set for a rosy
future as it continues to
grow steadily.
While cargo volumes
into and out of the province have
not recorded major increases –
and even in some sectors have
decreased – the general outlook for
the province is positive.
“One only has to drive in
Sandton and look at the many
cranes to realise that development
is taking place,” said an FTW
source. “It may not be as obvious
as pre-2010 World Cup where
infrastructure development was
taking place everywhere. In fact
there was a huge downturn in
activity immediately after the event
as large infrastructure spend had
been exhausted.”
But the landscape is changing.
“There are many high-rise office
blocks going up in Johannesburg
with a lot of those belonging to
multinationals. That should be a
welcome sight to all of us,” said the
source. “Companies are investing
money in the province and setting
themselves up for business into
Africa from Gauteng.”
According to a provincial
spokesman, Gauteng’s future has
been mapped out carefully through
its growth and development
strategies that are continuously
updated to ensure they are
relevant.
“Growth of up to 8% is being
targeted through our various
strategies that stretch at least ten
years into the future,” he said.

CAPTION
Sandton CBD has seen major development in recent years.

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