With gold mining no longer the major economic driver that it once was for Gauteng, the future of the province’s economic growth lies in the development of the township economy, Gauteng Finance MEC Jacob Mamabolo said on November 24. “Gold is gone and it is not coming back. The Gauteng economy is going to grow in the townships. The opportunity for economic growth lies in turning around the township economy,” he said during a presentation of Gauteng’s 2022 Medium-Term Budget Policy Statement, defining it as an untapped resource.
