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Department of Economic Development Print E-mail
Annual Economic Review

The Annual Economic Review 2015 profiles the economic performance of the City of Johannesburg and describes its place in the South African economy. Using a wide range of economic and socio-economic data the analysis shows the City remains South Africa’s economic hub and an economic powerhouse on the African continent.

Despite global and local economic headwinds of the past few years, Johannesburg remains a vibrant globally significant metropolitan economy to which people seeking opportunity and a better life gravitate. The City’s economic integration with the African continent has progressively deepened over recent years.

The analysis also reveals the economic and social challenges the City faces – slowing economic growth, changes in growth drivers and structure of the economy, rapid inward migration and population growth. Despite much progress in job creation and services delivery there is also continued high unemployment and poverty levels and persistent backlogs in household service provision. The message is clear, economic growth is needed which creates more jobs and livelihood opportunities for citizens and more revenue for City authorities to invest in City infrastructure and improved services delivery and urban management. More and better infrastructure and better City services improve the lives of citizens and brings better prospects for the economy. Indeed, the City’s Economic Development Strategy maps out viable approaches and pathways to progressively meet these challenges and fulfil the City’s promise.

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