Today's Labour News

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gautengBusinessLive reports that Gauteng premier David Makhura said on Tuesday that billions of rand would be spent by his administration to build infrastructure and create more than 350,000 jobs in the next five years.  

He said the R60bn they would spend on building and maintaining infrastructure over the period would help facilitate the development of 50 black industrialists.  Delivering his state of the province address in Pretoria, Makhura claimed that his administration was also on track to create “sustainable and decent jobs” for young people over the next five years.  The Premier said he wanted to increase Gauteng’s exports and trade within Africa and that the 10, high-growth sectors identified would produce manufactured goods and services “destined for the entire African Continental Free Trade Area” (AfCFTA).  “In 2030, intra-Africa trade should contribute to the creation and maintenance of 150,000 jobs, up from the current 50,000 jobs.  We also want to increase exports to major regions of the world by 10% by 2025,” he explained.  Makhura went on to say that over the five years, the Gauteng city region would attract 447 foreign direct investment projects worth R264bn, which would create more than 69,000 jobs.  The provincial government, said Makhura, would during this decade drive an “aggressive investment agenda” aimed at unlocking the province’s five development corridors.

  • Read the full original of the report in the above regard by Luyolo Mkentane at BusinessLive


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