As the economic heart of South Africa, Gauteng businesses are facing unprecedented challenges brought on by the Coronavirus pandemic. The Gauteng Province, being the epicentre of logistics and industry will face the largest job losses due to reduced productivity, supply chain disruptions, labor force restrictions and global output contraction. As both the economic hub of South Africa, and one of the centres of rapid COVID-19 spread, businesses will need massive support to keep economic activity going – now more than ever. Gauteng’s enterprises face insurmountable challenges around business operations, stalled projects and investment.
The Growth and Development Agency (GGDA) recognizes that, for businesses and investors to successfully navigate these challenges, they require the right support structures to be made available, access to critical information to guide decisions, and for Gauteng businesses to work together and ensure that economic activity recovers.
In response to this urgency and uncertainty, the GGDA has launched a website which is an ease of doing business tool aimed at assisting Gauteng based enterprises with valuable information, regulations and access to resources for large, medium and SMEs in Gauteng.
The GGDA COVID-19 Business Support Centre
As the COVID-19 situation in South Africa continues to evolve, businesses will require access to information to help navigate the current complexity we find ourselves in. The newly launched GGDA COVID-19 Business Support Centre provides support to client companies, traders, investors and business partners to manage the business impact of COVID-19.
The platform will provide businesses with relevant data and market insights to help clients and stakeholders assess the growing impact of novel Coronavirus (COVID-19) on business and trade, as well as reports and insights to assist your business in continuing to operate.
As more relief funding becomes available to businesses, getting a full picture of what funding and loan packages are available to you as a business is critical, which is why we have developed a Relief Registry to help you navigate packages provided by both by government departments and private institutions.
Over the coming period, the GGDA will also host critical industry conversations that help Gauteng businesses to engage in live conversations amongst each other, as well as with funders to unpack and find collaborative solutions to various challenges that will continue to be experienced as South Africa slowly redefines the ‘new normal’ in business and economic terms. Key to this initiative is how technology and innovation have become more critical defining a post COVID-19 world.
