2012
Published in:
Presented at the Local Development Seminar, Ingquza Hill Local Municipality, Lusikisiki, 27-28 December 2012
Series:
Local Development Seminar, Ingquza Hill Local Municipality, Lusikisiki, 27-28 December 2012
Publisher:
Institute for Economic Research on Innovation (IERI)
Concluding remarks:
- South Africa’s economy is largely driven by cities
- Towns and cities serve as concentrations of economic activity within the national spatial economies
- Economies of scale
- Specialised business services
- Infrastructure
- 71% of population live in cities and towns, particularly along the coast, Gauteng, and Limpopo and account for 88% of all formal economic activity in the country
- 24% of the population live in and around homelands and produce 4% of all formal economic activity
- Traditional authorities control about 20% of country’s land, 20% of population live there, and account for 3% of formal economic activity
- Six Metros account for 57% of all municipal spending
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