https://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / All News RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Embed Video

1

Entrepreneurship needs to be at heart of any Joburg growth plan, Tau avers

29th September 2011

By: Terence Creamer
Creamer Media Editor

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

Johannesburg's executive mayor Parks Tau says that entrepreneurship should be placed at the very heart of the city's future growth and development strategy, which is currently being crafted in consultation with residents.

Addressing business people in Sandton on Thursday as part of the 'Growth and Development Strategy (GDS) 2040' outreach programme, which was initiated in early August and should culminate in the publication of the strategy before year-end, Tau said that economic transformation needed to be extended well beyond the issue of black economic empowerment (BEE).

Advertisement

"We have to move beyond BEE, and the narrow confines of seeking to gain a 30% stake in what already exists, which I acknowledge is an important part of transformation. But we must now also build a cadre of entrepreneurs to help grow the economy," Tau said.

He lamented the fact that, during a recent engagement with young Johannesburg residents on the potential for economic growth in Africa's wealthiest city, the focus was on becoming "networked" with those in political power in order to make a success in business. This should not be the primary business model, because "without entrepreneurs and new enterprises we will not create jobs ... and we cannot move to the next level."

Advertisement

Crime, corruption and inappropriate skill levels remained the main "inhibitors" of economic growth and investment in the city and Tau appealed for a partnership with the private sector to address these constraints.

Partnerships were also important to deal with the current infrastructural deficits in the city, which was looking for solutions to both improve the living experience and to facilitate further growth- and job-generating investment.

Joburg was particularly keen to reviving manufacturing, while also growing its trade and services sectors, as well as financial services, construction and tourism sectors.

Tau also appealed for Johannesburg residents and the business community, in particular, to respond to The Presidency's submission to the GDS outreach programme for local input into macroeconomic policies and how these should be adapted to stimulate growth, job creation and poverty reduction at the municipal level.

Underlining the importance of the outreach, the mayor stressed that unless plans were outlined in the high-level GDS 2040 document, there would be no way of influencing the more detailed integrated development plans (IDP). "If it is not in the GDS, it will not be in the IDP and if it is not in the IDP it will not be in the city Budget."
 

EMAIL THIS ARTICLE      SAVE THIS ARTICLE      FEEDBACK

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here


About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Email Registration Success

Thank you, you have successfully subscribed to one or more of Creamer Media’s email newsletters. You should start receiving the email newsletters in due course.

Our email newsletters may land in your junk or spam folder. To prevent this, kindly add newsletters@creamermedia.co.za to your address book or safe sender list. If you experience any issues with the receipt of our email newsletters, please email subscriptions@creamermedia.co.za