Gauteng government secures over R312bn in investment pledges: Maile

Gauteng’s Finance and Economic Development MEC, Lebogang Maile addresses the Gauteng Investment Conference in Johannesburg on April 3, 2025.

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Gauteng’s Finance and Economic Development MEC Lebogang Maile says the provincial government has secured over R312 billion in investment pledges, exceeding its target by R12.5 billion.

Maile made the announcement while addressing delegates at the Gauteng Investment Conference in Johannesburg on Thursday.

He reveals that investment pledges include a total of 60 projects across 15 sectors and sub-sectors, including manufacturing, mining, transport, and ICT, among others.

Maile says investment pledges came from local, regional and international investors.

“From South Africa, we have pledges amounting to R179 billion. From the United States of America, we have pledges amounting to R51.4 billion. In the European Union, pledges have been received from France and Estonia totalling just over R2.8 billion.

“We pledge to implement reforms to improve the ease of doing business, including but not limited to investing in reliable infrastructure. This infrastructure includes power, transport, water and sanitation and telecommunications. We pledge to support research and development. We pledge to create a stable and predictable regulatory environment by ensuring that laws are clear, consistently enforced, and predictable,” Maile explains.

He also emphasises the importance of partnering with the private sector to achieve the province’s growth ambitions, their commitment to creating a stable and predictable regulatory environment to encourage greater investment, and making it easy to conduct business in the province.