Gauteng Department of Economic Development (GDED), Mogale City and Lepharo turn the key to unlock the economic potential of Munsieville.
The three entities unveiled the Mogale City Incubation Hub. Valued at R13 million, the facility is strategically located to reignite the potential of the heart of the Munsieville community, while providing access to skills and training that could quadruple the size of the local economy within three years.
With projected infrastructure projects valued at R60bn in the West Rand region in the next decade, the Hub creates an industrial corridor for innovation, partnership, and entrepreneurship.
It is earmarked as an enabler for cutting down youth unemployment and the capacitation of SMMEs.
“The Mogale City Incubation Hub comprises the core objectives of ‘Growing Gauteng Together 2030’ (GGT2030).
“This serves as an investment into the township and informal settlements that harbour the future industrialists we are working to empower and enable for the realisation of a higher economic growth for the residents of Munsieville and Mogale City,” said Francinah Ntsimane, the Deputy Director for Sector and Industry Development at the GDED.
The three-year programme will take place with the support of PPC, SEDA and Tshepo1million.
“Our journey of empowering entrepreneurs has given us improved confidence in the socio-economic development of the country. Our efforts to get the next 15 businesses from in and around Mogale City have been fruitful.”
These first steps to enable small township businesses from Munsieville have an explicit linkage to the new value chains that are set to take place across Mogale City.”
Speaking at the event, PPC’s Inland Business Unit Head Bheki Mthembu articulated the role of the private sector in the initiative.
“PPC is happy to be part of this impactful partnership that has definitely had a positive ripple effect on our catchment communities, particularly in the South Africa and Gauteng context where we know that many businesses and a lot of people still depend on the efficacy of the PPPs for their economic sustenance.
“PPC is a proud 100% South African enterprise, and our intention is always to ensure that we put our money where our mouth is, by investing in the areas where government requires our support in order to drive the national economic agenda and to impact economic empowerment,” he said.
“Small business is the future of this economy, because if your brick making company can hire 1 or 2 or 10 young people to work for you, this will, without a doubt, remedy joblessness and build a thriving economy,” said Mosuoe Sekonyela, COO of Harambee Youth Employment Accelerator.