Gauteng open for investment with R312 billion commitments
South African Government News Agency
· February 24, 2026
· ✓ verified
The Gauteng Provincial Government has announced a suite of investment commitments and project progress aimed at reindustrialisation and job creation.
- Main announcement: The Premier announced that Gauteng has secured major investment commitments including R312 billion from the Inaugural Gauteng Investment Conference (with R73 billion now moving from commitment to implementation, creating 114,000 jobs), R27 billion in Foreign Direct Investment from countries including the UK, Switzerland, France, Australia, Cyprus, USA and UAE, and sector-specific investments such as Microsoft’s R5.4 billion data center expansion, the Gauteng Dry Port (~R50 billion) and multiple SEZ and industrial projects (Tambo Springs R23.6 billion, Lanseria Cradle Film Studios R4 billion, Heineken R1.9 billion, Chung Fung Metal R2.5 billion, Haier–Kwikot ~R2.4 billion, among others).
- Background and implementation details:
- Action labs launch: will be formally launched on 19 March 2026 to convert sector plans into bankable projects and attract FDI; participants include government, private sector and critical stakeholders.
- Infrastructure and logistics: Transnet is partnering to build South Africa’s first LNG import terminal at Richards Bay with pipeline conversion to supply Gauteng; Gautrain expansion concessionaire for the next 15 years is being finalised; reported confiscations of counterfeit goods valued at R250.2 million last year. All facts are stated in the Premier’s State of the Province address and related project announcements.