Gauteng Business 2016 edition

OVERVIEW R2,5-billion

OVERVIEW R2,5-billion contribution to Tshwane’s economy. The new Tshwane BPO Park will be the ideal investment opportunity for both local and foreign businesses. Tshwane is the third-largest city in the world in terms of land area, after New York and Tokyo/Yokohama. It contributes 27% to Gauteng’s economy and 10% to South Africa’s economy. Tshwane is also South Africa’s automotive industry hub and the main anchor for research, innovation and the knowledge-based economy in Gauteng, owing to the location of renowned research institutions in the region. As South Africa’s capital, it also hosts 132 diplomatic missions and institutions. This makes Tshwane the second-biggest home of diplomatic missions globally after Washington DC, making it an extremely viable destination for international business investment. The planned Tshwane BPO Park will provide a globally competitive facility to both the public and private sector, employ more than 3 000 people and contribute significantly to the Gauteng Province’s Township Revitalisation Programme. The recent addition of the Gautrain (a mass rapid transit railway) conveniently connects Tshwane with the OR Tambo International Airport making the province a true gateway into Africa. Investment opportunities • The banking industry presents investors with the opportunity to engage in world-class corporate services, as well as providing access to mortgage financing for starting a business; • The call centre industry is ever expanding, and this provides investors with the opportunity to invest in the development of the industry, particularly in areas such as infrastructure and telecommunications. GAUTENG BUSINESS 2016 90