Limpopo Provincial Investment Conference to Boost Growth and Industrialisation
The Limpopo Provincial Investment Conference, taking place from 7 to 8 November, is set to accelerate economic growth in the province, with a focus on industrialisation, job creation, and attracting private investment.
The conference, which follows the South African Investment Conference held by President Cyril Ramaphosa in 2020, underscores Limpopo’s strategic efforts to tap into its rich resources despite global economic challenges.
Limpopo Premier Phophi Ramathuba ahead of the conference said the Limpopo has a wealth of natural resources and potential for economic transformation.
“Limpopo is rich in economic opportunities, particularly in key sectors like mining and agriculture. Our mineral resources, including platinum, iron ore, and coal, position us as a major player in South Africa’s national economy,” Ramathuba said.
The two-day event in Polokwane brings together investors, business leaders, economists, and policymakers to explore the vast potential within Limpopo, particularly in the Musina-Makhado Special Economic Zone (SEZ).
This industrial hub is seen as a key focal point for attracting investment and driving industrial growth, especially in the face of global economic instability.
President Cyril Ramaphosa, who visited Limpopo just days before the conference, stressed the importance of the province’s mineral wealth and the need for public-private partnerships.
“Limpopo has the resources to lead the way in industrialisation, particularly in mining. We must create a conducive environment for private sector investment, which will be key to unlocking the province’s full economic potential,” Ramaphosa said.
Ramaphosa also highlighted the critical role of SEZs in boosting industrialisation.
“The Musina-Makhado SEZ has already made significant progress, but we need to put more pressure on accelerating its development. These projects have immense potential to create jobs and drive economic growth,” he added.
ALSO READ : Two co-accused in the Limpopo Pig Farm Murder Abandone Bail Applications
The Limpopo Provincial Investment Conference places a strong emphasis on sustainable development, with a particular focus on the Fourth Industrial Revolution (4IR).
As part of its long-term strategy, the province is seeking to harness the power of technology, innovation, and small businesses to drive inclusive growth.
“We are committed to supporting emerging entrepreneurs and building on the strengths of small businesses to create a more diversified economy,” Ramathuba said.
The conference also provides an opportunity to showcase the province’s economic progress, particularly in sectors like agriculture, mining, and tourism.
Limpopo, often referred to as South Africa’s “garden,” is a key player in the country’s agricultural sector, producing a significant portion of the nation’s citrus, mangoes, papayas, and avocados.
The province also boasts rich mineral deposits, making it an essential contributor to South Africa’s mining industry.
The province is strategically connected to the Maputo Development Corridor, which links the region to major seaports via a network of roads and railways.
The airports in key towns such as Polokwane, Lephalale, and Musina provide crucial infrastructure to facilitate trade and investment.
According to Premier Ramathuba, the provincial government is focused on leveraging these advantages to attract both local and international investors.
“Limpopo has everything we need to grow a thriving, diversified economy. From our mineral resources to our agricultural output and strategic location, we are well-positioned to be a key player in Africa’s economic future,” she said.
The Fetakgomo-Tubatse Industrial Park is another area of focus for the provincial government. If approved as a Special Economic Zone (SEZ), it has the potential to draw substantial investment and stimulate industrial development.
“Investors are already showing interest in establishing industries at this location, and we believe this project could be a game-changer for Limpopo’s economy,” Ramathuba added.