City of Johannesburg - Official website

   

QUICKHELP




City of Johannesburg

 NEWS
Joburg, South Africa's business heart
Joburg, South Africa's business heart

RELATED LINKS:

Joburg and satellites dominate economy
JOHANNESBURG contributes more to South Africa's gross domestic product (GDP) than any other city - but Cape Town is fast catching up, with a slim one percentage point between the two cities.
Read more

Gauteng extols inner city regeneration
The Blue IQ and Johannesburg Development Agency inner city regeneration projects had triggered an increased activity in the Joburg inner city property market, said Jabu Moleketi, MEC for finance and economic affairs.
Read more

More money
made in Gauteng

STATS SA has found that Gauteng is still the country's top earner, contributing about a third of the country's GDP. And Joburg contributes most of this.

December 21, 2005

By Lucky Sindane and Anish Abraham

GAUTENG is still the top earner in the country. This is the word of Statistics South Africa, after it recently conducted a countrywide survey.

The survey collected data regarding employees' pay and institutions' turnover, based on levies received by district and metropolitan municipalities.

This information is also used to estimate the gross domestic product (GDP) per region. Stats SA found that Gauteng workers accounted for 47,7 percent of the country's total turnover and its businesses contributed 50,4 percent of total turnover.

Titled Remuneration of employees and turnover of institutions according to levies received by district and metropolitan municipalities by province, the survey is based on data for the quarter to 30 September.

It found that total remuneration in the country decreased by 4,5 percent while total turnover increased by 3,4 percent in the third quarter of the year.

The survey took into account services levies, which are based on employee remuneration, and establishment levies, which are based on company turnover excluding value added tax (VAT).

This information is also used to estimate the GDP per region.

Johannesburg is by far the largest contributor in Gauteng, with more than R119,4-million in service levies (50,3 percent) and R309,7-million in establishment levies (49,8 percent).

Graph outlining the contribution of individual areas within Joburg to business turnover and employment in Gauteng
Graph outlining the contribution of individual areas within Joburg to business turnover and employment in Gauteng. [Full size graph]

Despite certain perceptions, the inner city - South Africa's largest - contributes a staggering 50 percent of both levies for the entire metro. The City collected R60,4-million in service levies and R156,7-million in establishment levies from businesses in the CBD.

The financial hub of Sandton comes in at second place, with a contribution of R28,6-million in service levies and R74,1-million in establishment levies (24 percent in both categories).

Other areas that make significant contributions are the Northcliff-Rosebank area, the Midrand-Ivory Park area and Johannesburg South.

Together, they contributed just over R21,6-million in service levies and R56,1-million towards establishment levies (18 percent in both categories).

The smallest contribution in Johannesburg comes from Diepmeadow, with just over R162 000 in service levies and R420 000 in establishment levies.

More than a fifth of the population of South Africa, about 9 million people, live in Gauteng. The province contributes about one-third of the country's GDP and about 9 percent of the GDP of the entire African continent.

Jobs are the priority of the Gauteng provincial government, which aims to halve unemployment by 2014.

The province's manufacturing sector alone employs 600 000 people in more than 9 000 enterprises. However, the provincial economy is increasingly shifting towards information technology and communications rather than heavy industry.



Permission to use web site material
Publishers may use material from this site free of charge, as long as:
  • Credit is given to either the "City of Johannesburg website (www.joburg.org.za)" or to "Johannesburg News Agency (www.joburg.org.za)";
  • If the article is used online, a link is provided to the original article on this website;
  • The name of the article's author is acknowledged;
  • The webmaster is informed of how and where the material is used (fill in this brief online form).
Johannesburg News Agency is operated by BIG Media at 011-484-1400




  • Print this Page
  • E-mail this article to a friend
  • Help using Joburg.org.za
  • QUICK LINKS

    CONTACT US
    375-5555 for all your city queries
    375-5911 for emergencies
    E-mail the city