The City of Tshwane’s economic growth was given much needed attention at the inaugural Tshwane Trade and Investment Summit (TTIS) held recently.
The summit focused on promoting direct domestic as well as foreign investment in Tshwane with great emphasis on business expansion and retention. The City is prepared to promote projects or investment opportunities to potential investors.
TTIS secured R10 billion towards projects that will change the City’s economic landscape. “I am pleased to announce that the pipeline projects will create 6 700 permanent jobs. Most importantly, R100 million towards Rankuwa Smart City Development brings to fruition this administration’s commitment to change the economic landscape for the benefit of residents,” said the Executive Mayor of Tshwane, Stevens Mokgalapa.
He continued, “The development will be comprised of residential, commercial and industrial facilities. Economic opportunity is often located far from where job seekers reside. Through the Rankuwa Smart City, residents are provided an opportunity to participate in improving their economic and social circumstances. The residential, commercial and industrial facilities beingdeveloped in Ga-Rankuwa ensure better economic and social circumstances for the township.”
Mokgalapa concluded by saying: “Increasing this City’s business profile is key to spurring job creation. I look forward to welcoming more local and international investment partnerships such as this.”
