Gauteng is the country’s smallest province by land area, but also its most populated. Despite its small size in land area, the Gauteng economy is the country’s largest and the leading contributor to the national GDP. Two of the biggest cities in the country are based in this highly urbanised province, namely Johannesburg and Pretoria. Johannesburg, the country’s largest city, is traditionally the home of big business, whereas being the country’s primary capital city, Pretoria houses many government offices and institutions.
As Africa's financial services capital, Gauteng is an ideal province to house a business. Whether you’re in need of office space, commercial property, retail property or industrial property, the province has plenty to offer. Gauteng is considered the economic hub of South Africa and contributes heavily in the financial, manufacturing, transport, technology, and telecommunications sectors, among others. It also plays host to a large number of overseas companies requiring a commercial base in and gateway to Africa.
The large majority of the country’s leading firms are based in Gauteng, including major bank, financial institutions and mining house. The Johannesburg Stock Exchange – one of the 20 largest stock exchanges in the world – is based there as well. Sandton is the most popular suburb for these large corporates, but the Johannesburg CBD, Rosebank and Bryanston are all common choices as well.
In recent years, certain areas in Gauteng have embraced the live.work.play philosophy and mixed-used developments such as Melrose Arch, Steyn City and the Maboneng precinct. In the broadest sense, the concept aims to closely link people to their work, residence, shopping and leisure activities, offering a high convenience factor as road congestion in the country mounts.
The province is also serviced by a good transport system, by road, air and railway. Many important national roads run through Gauteng such as the N1, N3, N4, N12, N14 and the N17. Johannesburg is quite dependent on freeways for transport in and around the city. The R21, R24, R59, M1 and M2 all run through Johannesburg. By railway, the province is serviced by Gautrain – the only rapid rail service in operation in South Africa – and Metrorail Gauteng. By air, Gauteng is serviced by O.R. Tambo International Airport, Rand Airport, Lanseria International Airport, Wonderboom Airport and Grand Central Airport.
Housing your business in Africa’s financial services capital provides numerous benefits. Led by a team of highly dynamic and passionate property specialists, Galetti Corporate Real Estate is well-positioned to assist you with your business property requirements.