#GPMTBPS: MEC Mamabolo on how Gauteng is empowering local entrepreneurs through Infrastructure projects

The Gauteng Medium Term Budget Policy Statement was recently presented at the Legislature, shedding light on the province's commitment to empowering local entrepreneurs through infrastructure projects. With R45.5 million allocated to the Provincial Road Maintenance Grant for job creation, the spotlight is on initiatives aimed at uplifting small and medium enterprises in Gauteng. CNBC Africa had the opportunity to sit down with Jacob Mamabolo, Gauteng MEC for Public Transport and Roads Infrastructure, to discuss the province's efforts in this regard. Mamabolo highlighted the government's procurement policy, aimed at historically disadvantaged groups, which mandates spending 30% locally within the geographic area of a project. He emphasized the importance of initiatives like the one near William Nicole Road in the area of Deep Steel State City, where a project worth half a billion rand is nearing completion with a local service provider soon to be appointed. Another project in Sydney being at Wild River City is providing a multi-million rand road project led by individuals from disadvantaged backgrounds, offering opportunities for local inclusion and economic growth. In Soani, Mamabolo mentioned several projects where the 30% local spend policy is being enforced to empower young and emerging entrepreneurs across the region. The focus on empowering local businesses and entrepreneurs is a key theme in Gauteng's infrastructure development strategy, as Mamabolo reiterated the province's commitment to creating opportunities for its residents. When discussing the expansion of the HAL train network, Mamabolo revealed that the project has received approval from the national government, marking a significant milestone in the initiative. The province is currently finalizing financial models and revenue streams for the expansion, with plans for public-private partnerships to fund the project. Mamabolo expressed confidence in attracting investments from both the private sector and government sources to ensure the success of the HAL train expansion. While the COVID-19 pandemic has undoubtedly impacted timelines, Mamabolo remains optimistic about the project's progress, citing the support from both the national government and private investors. The commitment to infrastructure development and local empowerment is a driving force behind Gauteng's initiatives to stimulate economic growth and create opportunities for local communities. In conclusion, Gauteng's focus on empowering local entrepreneurs through infrastructure projects not only bolsters economic development but also fosters a sense of community engagement and inclusivity. By investing in local businesses and providing opportunities for emerging entrepreneurs, the province is laying a solid foundation for sustainable growth and prosperity.