Gauteng is undoubtedly the economic centre not just of South Africa, but of Africa as a whole. Whilst it is the smallest of South Africa’s nine provinces, it contributes around a third of the country’s total GDP, and is also responsible for 10% of Africa’s total GDP.
With such economic clout, the Gauteng Economic Development Agency (GEDA), the investment promotion agency for the Gauteng province, has a range of diverse investment opportunities available in the province.
Infrastructure and housing developments still continue apace in the province, and GEDA is currently looking for investors for two medical-related housing developments.
Hospital Housing Project
Project Description:
This opportunity is for the development of a housing project for medical staff including senior hospital staff, doctors and others.
Flats comprising three bedrooms
for medical doctors; two-bedroom flats for professional staff; as well as single bedroom flats for other staff and trainees.
The plans also include a shopping mall to be located nearby for use by hospital and residents close by.
Project value:
Flats: R2 billion
Shopping complex: R500 million
Funding Requirements:
The DBSA has agreed to fund the project, however equity funding for 30% of the project is still required.
Red Cross Hospital Project
Project Description:
This opportunity is for the development of a five Star 600 bed hospital that aims to cater for VIPs.
The hospital’s medical treatments are broken down into two categories with 70% Chinese herbal treatment and 30% Western medical treatment.
The hospital will have two helipads, with one to be located on the top of the building and the other in front, and will also have two helicopters linked to SOS, as well as ten ambulances.
Project value:
R1,5 billion over 3 years
Funding Requirements:
The DBSA has agreed to fund the project, with equity funding of a further 30% still required. It will be owned by local business people as well as international donors.
For more information about investment opportunities in Gauteng, and in biotechnology, please contact GEDA:
Name: Mr. Mudunwazi Baloyi
Email: mudunwazi@geda.co.za
Tel: +27 11 833 8750
