North West Business 2019 edition
The 2019 edition of North West Business is the ninth issue of this highly successful publication that, since its launch in 2009, has established itself as the premier business and investment guide for the North West Province. North West Business includes news and analysis of the most important sectors, with a regional overview covering the strategic thinking behind plans to attract investment into the province. Best known for its platinum mines, grain and livestock farming and tourism, the province is making a concerted effort to bolster its manufacturing capacity. Updated information on the North West is also available through our monthly e-newsletter, which you can subscribe to at www.globalafricanetwork.com, in addition to our complementary business-to-business titles that cover all nine provinces as well as our flagship South African Business title.
The 2019 edition of North West Business is the ninth issue of this highly successful publication that, since its launch in 2009, has established itself as the premier business and investment guide for the North West Province.
North West Business includes news and analysis of the most important sectors, with a regional overview covering the strategic thinking behind plans to attract investment into the province. Best known for its platinum mines, grain and livestock farming and tourism, the province is making a concerted effort to bolster its manufacturing capacity.
Updated information on the North West is also available through our monthly e-newsletter, which you can subscribe to at www.globalafricanetwork.com, in addition to our complementary business-to-business titles that cover all nine provinces as well as our flagship South African Business title.
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OVERVIEW<br />
Mineral resources<br />
The <strong>North</strong> <strong>West</strong> Province is aligned with the <strong>West</strong>ern Limb of the<br />
Bushveld Igneous Complex, a remarkably rich minerals formation.<br />
Mines in the province produce 50% of the platinum produced in the<br />
world, and 65% of South Africa's platinum group metals.<br />
Chromite is the other major mineral mined throughout the<br />
province, and there are several ferrochrome smelters and other<br />
processing plants. The province’s 20 mines are on a reef running<br />
from Brits to Rustenburg. South Africa produces about 70% of the<br />
world’s chrome.<br />
Gold and uranium are found along the border of the province<br />
with Gauteng and the Free State (in Klerksdorp and Orkney).<br />
Diamonds are mined at Christiana, Bloemhof and Lichtenburg.<br />
Other minerals found in the <strong>North</strong> <strong>West</strong> include fluorspar, vanadium,<br />
rhodium, uranium, copper, limestone, slate, phosphate,<br />
manganese, coal and nickel. Limestone quarries run by G&W Base<br />
and Industrial Minerals in the Marico District are located next to a<br />
PPC cement factory.<br />
One of the last economically viable limestone deposits in South<br />
Africa is mined and processed by Sephaku Cement. Sephaku runs<br />
a 6 000-ton-per-day clinker plant near Lichtenburg.<br />
AfriSam, PPC and Lafarge are active in the Mahikeng/Lichtenburg<br />
area, but Sephaku is confident that its clinker and cement-production<br />
facilities will be supported by raw materials for at least 30 years.<br />
Granite and slate are found in good quantities in the province,<br />
as is dimension stone. There are more than 20 quarry operations in<br />
the province, with Rustenburg being the centre of granite mining.<br />
SEZ and SPI<br />
The Platinum Valley Special Economic Zone (SEZ) is to be established<br />
at Mogwase in the Bojanala District, north of Rustenburg<br />
and east of Sun City. When fully developed, 200ha of land will be<br />
ONLINE RESOURCES<br />
Geological Society of South Africa: www.gssa.org.za<br />
Minerals Council South Africa: www.mineralscouncil.org.za<br />
National Department of Mineral Resources: www.dmr.gov.za<br />
<strong>North</strong> <strong>West</strong> Development Corporation: www.nwdc.co.za<br />
South African Institute of Mining and Metallurgy:<br />
www.saimm.co.za<br />
given over to three infrastructure<br />
facilities comprising Logistics,<br />
Light Manufacturing and Heavy<br />
Manufacturing. Areas of investment<br />
that are expected to grow<br />
fastest include fuel cell technology<br />
(in which platinum is a vital<br />
component), machinery for<br />
mining, energy generation and<br />
renewable energy component<br />
manufacturing.<br />
A range of incentives will be<br />
available to potential investors<br />
via the National Department of<br />
Trade and Industry (dti). For example,<br />
the 121 Tax Allowance<br />
Incentive offers capital investment<br />
allowances and training<br />
support up to R900-million for<br />
new or existing industrial projects.<br />
There are several other<br />
incentives specific to investors<br />
in an SEZ.<br />
The Seda Platinum Incubator<br />
(SPI) is an initiative of the<br />
Platinum Trust of South Africa<br />
and is funded by the Small<br />
Enterprise Development<br />
Agency (Seda) through its Seda<br />
Technology Programme (Stp)<br />
with the support of the <strong>North</strong><br />
<strong>West</strong> Provincial Government<br />
and private companies.<br />
Located in Rustenburg, the<br />
SPI trains people through the<br />
making of jewellery, chiefly<br />
the design and manufacture<br />
of platinum group metal<br />
(PGM) jewellery. Small PGM<br />
jewellery-manufacturing enterprises<br />
and individuals are<br />
located at the centre or supported<br />
by email correspondence.<br />
A three-year period of<br />
incubation is offered to small<br />
businesses.<br />
35 NORTH WEST BUSINESS <strong>2019</strong>
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