Joburg’s draft investment incentives policy approved
JOBURG – The council has approved the draft for public participation, which hopes to create jobs and investment.
The City of Johannesburg’s Department of Economic Development has welcomed the approval by the City to put forward the draft investment incentives policy for public participation which intends to draw investment into the city and create jobs.
MMC for Economic Development Leah Knott, Leah Knott said she was confident that the draft policy would receive support from residents and stakeholders.
Knott acknowledged they needed to have the private sector involved in tackling the high unemployment rate, however, she said, “The City understands that it has to take the lead in creating the right environment for business to flourish and create jobs. That means getting the basics right, and putting the right incentives in place.”
The approval is a step forward for the City to reach its goal of 5 per cent economic growth by 2021 as set out in the Integrated Development Plan (IDP).
More information of the public participation drive will be released at a later stage.
Related articles:
https://northeasterntribune.co.za/238182/city-attracts-major-investments-in-three-years-2/
https://northeasterntribune.co.za/231415/joburg-mayor-unveils-r20-billion-investment-inner-city/
