Office of the Premier 2020/08/31 - 22:00
Lerato Mailoane
Gauteng Premier David Makhura has hailed the Transformation, Modernisation and Re-Industrialisation (TMR) as a success saying the roadmap has achieved a lot since its inception.
“Through the TMR we invested R80 billion in infrastructure projects in all five corridors of Gauteng over the past five years since 2015, which created 90 000 jobs.
“We also invested in new schools, new clinics, rehabilitation of hospitals, new libraries, upgrading roads and community halls. We also rolled out the Gauteng Broadband network, which has connected1181 sites including schools, hospitals and industrial sites,” said Makhura
Makhura was responding to questions in the virtual legislature sitting of the Gauteng Provincial Legislature on Tuesday, 1 September 2020, on the relationship between the Transformation Modernisation and Re-industrialisation (TMR) and Growing Gauteng Together (GGT2030) strategy.
He said during the five years of the TMR the provincial government did not have special focus and as a result it came up with the GGT2030 strategy which is about taking forward the implementation of the Ten-Pillar Programme of transformation, modernisation and reindustrialisation of the Gauteng economy.
Gauteng’s plan to implement the GGT2030 was derailed by the COVID-19 pandemic.
“We were hit hard by the COVID-19 pandemic which has had a devastating effect on economy.
Makhura said the provincial government would continue with the plan but in the immediate future, priority would be given to Small, Micro, Medium, Enterprises (SMMEs) and township enterprise empowerment which would get financial support (partnership fund) with an injection of R250 million from the public purse, catalysing a total support pool of R1 billion for township-based, township linked SMMEs.
He said the fund would give the SMMEs business development support, support economic development through regulatory reform and programmes.
The fund will further ensure capacity building linked to policy enforcement to meet local content and targeted procurement standards.
To further stimulate the economy, he said government would boost the province’s five corridors through infrastructure investment.
“We would fast-track the R55 Billion Gauteng Provincial Government (GPG) social infrastructure pipeline across the Gauteng City Region (GCR).
“Implementation of bulk investment schemes in partnership with Development Bank of South Africa (DBSA) which will unlock private sector funded development in Lanseria, the Vaal Region and the Western Corridor,” he said.
The Premier said government would also be reaching to business to ensure the recovery of Gauteng’s economy.
“We will form partnerships with the private sector in determining local work programmes/initiatives for boosting specific sectors through action labs with organised business.
The province would also focus on Special Economic Zones and high-growth firms.
“This primarily entails promotion and facilitation of investment in SEZs as investment anchors to develop high growth clusters and network industries in Gauteng as well as partnerships to reduce the cost of doing business,” he said.
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