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Economic growth Print E-mail
19 December 2009
Economic Growth

Formal sector emplymentJOBURG, with a population of 3,9-million, is the capital of SA’s most prosperous province, Gauteng (a Sesotho name meaning ‘Place of Gold’) and is the country’s largest metropolitan economy.

As such, it is the largest single contributor to national economic product, generating 17 percent of SA’s wealth and 48 percent of Gauteng’s economic output. Its economy is 1,5 times bigger than that of the second largest metropole, Cape Town.

For a copy of the Annual Economic Review 2009 Report by the Economic Research Unit of the City of Joburg’s Department of Economic Development (DED), please click here.

Growth rate
The City is aiming for a 9 percent economic growth rate by 2014.

Over a five year period (2003 – 2008), Joburg’s average growth rate was 5,3 percent higher than that of the national economy, which grew by 4,67 percent during the same period.

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Last Updated on 26 January 2015