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Why Johannesburg/Pretoria, Gauteng is the Main Destination For Businessmen

Dan Boateng
 


Visitors: 220

For many obvious reasons, Gauteng province in the Republic of South Africa is the most popular and economically active. Its status was mostly precipitated by the discovery of gold in the in the 19th century. This discovery was the major attraction of many people into the region. They came from Europe, America, The UK, Asia and parts of Africa to find jobs on the mines. Mining became the main stay of the economy, but will soon grow to include other important industries such as the real estate, banking and the financial sectors. Naturally, the influx of people into the region and the development of business meant need for vital amenities such as water, electricity, roads and so on.

Its provincial city, known officially as Johannesburg, is the most popular across the world and considered the commercial capital. The administrative capital, Pretoria is the seat of government. In so many ways, Johannesburg has overshadowed Pretoria because of its role in the political and economic history of the entire country. Pretoria in comparison is a more laid back city but have many similarities to Johannesburg in terms of architecture and its people. For many people outside the country, if you asked them which city is the capital of South Africa, they are more than likely to mention Johannesburg.

Recent release of the 2011 census revealed that the population of Gauteng is over 12 million, an increase from about 9 million since the last census was held ten years. Of course, most of the people are found in Pretoria and Johannesburg. This presents new challenges to the local government in terms providing for housing, water, electricity and other basic, yet important amenities to its residence. Yes, Johannesburg is a “world class African city”. The whole world saw this during the world cup in 2010. The city has everything one can imagine in developed cities like London, New York and so on. Johannesburg and Pretoria have world-class restaurants, hotels, conference and business facilities, recreational facilities etc.

These two economies within the Gauteng province also have vibrant commercial activities. They have excellent financial systems, considered one of the best in the world. The real estate industry, especially within the residential and commercial property market (learn more ) is very well-organized and has been so for decades. It is therefore not surprising that most of the major business brands make their way to Gauteng before going to any other part of the country.

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