Ramokgopa: We are not spending enough on economic growth activities

Gauteng, South Africa, a province known for its economic prowess, is looking to harness the potential of its agricultural sector to drive economic growth. Vuyiswa Ramakgopa, the Gauteng MEC for Agriculture and Rural Development, has highlighted the importance of agriculture as a catalyst for economic development in the province. In a recent interview with CNBC Africa's Keamogetswe Mosepele, Ramakgopa emphasized the need for increased investment in economic growth activities to propel the province towards its target of three percent economic growth. Ramakgopa acknowledged that Gauteng's agriculture sector has been underutilized in the past, but the province is now prioritizing agri-processing as a key focus area. She stressed that agri-processing is essential for stimulating the SMME economy, boosting exports, creating jobs, and ultimately driving economic growth. By tapping into the potential of small-scale producers and localizing production, Gauteng aims to reduce food insecurity and contribute to the overall economic well-being of its residents. One of the key challenges highlighted by Ramakgopa is the allocation of the provincial budget, with a sizable portion allocated to health, education, and social spending. She expressed concerns that not enough investments are being made in economic growth-generating activities such as infrastructure development, rail and transport, and SMME funding. Ramakgopa emphasized the importance of deliberate spending on industries like construction, manufacturing, and textiles, which have the potential to create employment opportunities and drive economic growth in the province. The focus on labor-intensive industries is crucial for addressing unemployment levels and boosting the economy. Ramakgopa believes that by strategically investing in sectors that have the capacity to catalyze growth, Gauteng can overcome its economic challenges and foster a more sustainable and inclusive economy. With a renewed emphasis on promoting local production, shortening supply chains, and supporting small-scale producers, Gauteng is paving the way for a stronger and more resilient agricultural sector that can contribute significantly to the province's economic prosperity. As Gauteng continues to navigate the complexities of economic development, stakeholders like Ramakgopa are advocating for a more targeted approach to resource allocation and investment. By focusing on industries with high productivity and job creation potential, the province aims to unlock new opportunities for growth and prosperity. With the right mix of policy support, financial investment, and strategic planning, Gauteng is poised to leverage its agricultural sector as a driving force for economic transformation and sustainable development.