'Gauteng contributes 35% to SA's economy'
The Gauteng premier says the province has maintained its position as the country’s economic hub.
JOHANNESBURG - Gauteng Premier David Makhura says despite an ailing economy the province has attracted R30 billion in foreign direct investment, maintaining its position as the country's economic hub.
Makhura delivered his State of the Province Address in Sebokeng yesterday.
He says Gauteng contributes 35 percent to the country's economy, even under tough times.
The premier reflected on the global economic crisis contributing to the ailing rand, but made no mention of the effect former Finance Minister Nhlanhla Nene's sacking had done…
He says Gauteng is doing well economically under the circumstances of what he's called a global recession.
However the Democratic Alliance (DA)'s Ashol Sarupen says there still remains a problem of wasteful expenditure that needs to be addressed.
"We already spend more than half our provincial budget on salaries…"
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MEC Barbara Creecy says her budget speech in two weeks will look at ways to cut costs and wasteful expenditure.