Johannesburg Travel Guide - Sandton, Randburg - Budget Accommodation

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Province: Gauteng
Region: Gauteng Central

Towns: 
Randburg  | Sandton  | Florida  | Johannesburg

Gauteng is the financial hub of South Africa and contributes transport, technology, and telecommunications, as well as offering a host of benefits to companies needing a commercial base in Africa. Gauteng is the economic engine of the southern African region, and the key gateway to doing business throughout Africa. 

Although the smallest of nine provinces, covering only 1.4 per cent of the total land area of the country, Gauteng contributes more than 38% of South Africa's Gross Domestic Product and 60% of fiscal revenue. In fact, it generates 9% of the Gross Domestic Product of the whole of the African continent. 

With its excellent air, road and rail network and its telephone and power lines, Gauteng dominates the country's infrastructure. Most of the world's leading airlines fly into Johannesburg International Airport. New businesses are attracted to the province largely by the excellent first world infrastructure and the facilities on offer, and the proximity of the big consumer market. 

The attractions of doing business in Gauteng are numerous. Electricity is the third cheapest in the world according to a World Economic Forum survey. Special discounts on electricity are given to large consumers (Gauteng's gold mines each consumes as much electricity as a small city). 

Land and building costs in Gauteng are competitive by international standards and there are many well-developed industrial and commercial centers throughout the province. Occupancy costs for commercial and industrial properties are among the lowest in the world. South Africa has been established and recognised as the gateway into Africa, Europe, Asia and the Middle East.