Gauteng’s Finance and Economic Development MEC, Lebogang Maile, has announced that the provincial government has secured over R312 billion in investment pledges—exceeding its initial target by R12.5 billion.
Speaking at the Gauteng Investment Conference in Johannesburg on Thursday, Maile revealed that the pledges span 60 projects across 15 sectors, including manufacturing, mining, transport, and ICT.
The investments come from both local and international sources, with South African investors pledging R179 billion, while the United States committed R51.4 billion. European pledges, including those from France and Estonia, total just over R2.8 billion.
Maile reiterated the government’s commitment to improving the ease of doing business by investing in critical infrastructure such as power, transport, water, sanitation, and telecommunications.
“We pledge to implement reforms that create a stable and predictable regulatory environment, ensuring that laws are clear, consistently enforced, and supportive of economic growth,” he stated.
He also emphasized the importance of private-sector partnerships in driving Gauteng’s economic expansion, ensuring sustainable investment, and fostering long-term growth.