Despite the infrastructural and management challenges which impact the daily lives of Gauteng residents and businesses, the province has retained its status as a financial, trading, manufacturing and logistics hub.
Gauteng MEC for Finance and Economic Development, Lebogang Maile, told an Automotive Industry Development Centre round table meeting that “the logistics industry is projected to grow at a compound annual growth rate of 6.29% from 2024 to 2030, with nearly 354 000 people employed in logistics and transport across Gauteng”.
According to Stats SA, the province is the largest driver of South African economic activity in the sectors of finance, real estate, business services, manufacturing, and government services.
Gauteng contributed 33.2% to the national GDP in 2023. The provincial GDP grew 1.1% in 2024 and is expected to rise to 1.8% in 2025 and 2% in 2026.
- Read the full article in our Freight Features edition on “Gauteng”.