Lesedi Municipality host summit to attract investors
The Lesedi Local Muncipality is hosting the Local Economic Development Investment Summit, set to take place on June 29 at Heidelberg Town Hall.
The event is meant to offer a platform for ideas and innovative solutions, all meant to build a vibrant economy and ensure local investments within Lesedi Municipality.
Stakeholders in the business sector, tourism and investor-related services are encouraged to attend and join the executive mayor Mluleki Nkosi and his members of the Mayoral Committee for engagements and sharing insights into growing the local economy.
Big plans in store in the Lesedi area
The Gauteng Provincial Government has recently passed the Township Economy Development Act, which will pave the way for municipalities like Lesedi to create sustainable township economies via funding, infrastructure and investments.
The new Act provides government an enabling framework that allows the state and its contractors to spend a percentage of their procurement on township enterprises.
Member of the Executive Committee responsible for Economic Development, Parks Tau, has confirmed that Lesedi will have a Township Economic Zone.
This zone provides space for active economic activity, ensuring local entrepreneurs to grow their businesses to participate in the mainstream markets.
According to the Lesedi Municipality’s Precinct Planning team, new developments have been planned in areas like Ratanda, Obed Nkosi and the Central Business District of Heidelberg in the next few years.
The team is expected to present its plans to attendees at the Local Economic Development Investment Summit.
About Lesedi Local Muncipality
The Lesedi Local Muncipality forms one third of the municipalities in the Sedibeng District, south of Gauteng.
Boasting with areas like Heidelberg, Devon, Ratanda and Rensburg, the municipality has steadily grown from a post-apartheid town to a multicultural community.
Key industries include Agriculture and Manufacturing. The area connects the Gauteng province with Free State and Mpumalanga, having major national roads running throughout the region.
