Gauteng may be the smallest South African province in terms of land size, but it remains the economic engine of the country and an important economy in Africa. The story of the GGDA is one of careful planning, targeted implementation and a tight focus on building local and regional economies for sustainable livelihoods, enhanced economic competitiveness and the creation of an enabling environment for growth.
The GGDA was established in 2012 following merger between Gauteng Economic Development Agency (GEDA) and Blue IQ Holdings (Pty) Ltd. The move to merge the two entities formed part of a broader restructuring operation aimed at enhancing the role of the Gauteng Provincial Government in driving investment, growth and innovation in the provincial economy.
Core Focus Areas of the Mandate
The four core areas of the GGDA are;
The GGDA works with national government and related public entities, such as South African Revenue Service (SARS), to create an environment more conducive for doing business for multi-nationals, large local companies and SMMEs. This may include engaging with national government to propose regulatory changes, as well as establishing a ‘one-stop shop’ for doing business in Gauteng. The GGDA will target specific sectors to enable business to operate more effectively, actively addressing constraints specific to those sectors.
The GGDA works with other spheres of government and the private sector to develop transformative infrastructure aimed at changing the way in which the Province operates. It does not duplicate the work directly within the ambit of other departments, such as Public Works, Transport, Health and Education, but identifies projects that are catalytic, crosscutting, multi-sectoral and complex to manage. The particular expertise of the GGDA lies in designing large-scale projects, leveraging the necessary stakeholder and financial support and building the client base required to utilise the infrastructure.
In order to stimulate and maintain inward and outward trade and investment, the GGDA actively promotes Gauteng’s target sectors locally and internationally. It works with industry bodies to determine appropriate strategies for identified import and export markets. In order to support emerging entrepreneurs within the selected sectors, the GGDA actively seeks market entry points for qualifying companies.