GGDA: Mining Indaba showcases Gauteng's competitiveness

African and global mining leaders gathered at the African Mining Indaba in Cape Town where discussions on tech advancements in the mining sector, sustainability, and investment opportunities took center stage. CNBC Africa's Fifi Peters engaged in a enlightening conversation with Saki Zamxaka, Acting Group CEO of the Gauteng Growth and Development Agency (GGDA) to shed light on the agency's role in fostering growth and development in South Africa's mining industry. Zamxaka highlighted Gauteng's position as the capital of steelmaking in South Africa and its crucial role as a key player in the industry. He emphasized that as Gauteng accounts for more than a third of the country's GDP, the well-being of the mining sector directly impacts the province's economic prosperity. The conversation delved into the significance of the Mining Indaba as a platform for forging valuable partnerships and attracting investments. Zamxaka revealed that GGDA had engaged with various foreign investors and entities during the event, with discussions revolving around potential investments in Gauteng. The agency's interactions with stakeholders, including Transnet and Indian companies interested in manufacturing in South Africa, hinted at promising future collaborations and deals within the mining sector. Furthermore, Zamxaka addressed the issue of manufacturing in Gauteng and its crucial role in driving economic growth. He stressed the importance of boosting investments in infrastructure and logistics to enhance manufacturing capabilities and propel the economy forward. Highlighting the need for increased investment to GDP ratio, Zamxaka underlined the significance of resolving logistical challenges to stimulate economic growth and unlock the sector's full potential. He called for a concerted effort from state-owned companies like ESCOM and Transnet to drive growth through strategic investments and improved infrastructure. As the discussion veered towards the upcoming key economic events in South Africa, including the opening of Parliament and the budget announcement, Zamxaka expressed a wish for a heightened focus on fostering economic growth. He underscored the importance of prioritizing initiatives that aim to bolster the economy, rather than solely concentrating on austerity measures. Zamxaka's plea for a forward-looking approach resonated with the need for proactive steps to address economic challenges and fuel sustainable growth in the region. In essence, the dialogue between CNBC Africa's Fifi Peters and Saki Zamxaka encapsulated the strategic vision of GGDA in driving investment, fostering partnerships, and propelling economic growth in South Africa's mining sector. Through collaborative efforts and a steadfast commitment to development, the agency aims to position Gauteng as a thriving hub for mining activities and pave the way for a sustainable and prosperous future.