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Free State Business 2019 edition

Free State Business is a unique guide to business and investment in the Free State Province of South Africa. The Free State has several investment and business opportunities. The official launch of the Maluti-A-Phofung Special Economic Zone is a significant event for the economy of South Africa’s most centrally located province. Overviews on each of the key economic sectors provide up-to-date information on trends in the mining and tourism sectors, for example. Regular information about the size and nature of each sector is also included.

Free State Business is a unique guide to business and investment in the Free State Province of South Africa. The Free State has several investment and business opportunities.
The official launch of the Maluti-A-Phofung Special Economic Zone is a significant event for the economy of South Africa’s most centrally located province. Overviews on each of the key economic sectors provide up-to-date information on trends in the mining and tourism sectors, for example. Regular information about the size and nature of each sector is also included.

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A REGIONAL OVERVIEW OF<br />

FREE STATE<br />

PROVINCE<br />

Gas and hydropower projects are powering ahead in South Africa’s<br />

most centrally located province.<br />

By John Young<br />

New opportunities are opening up in the<br />

<strong>Free</strong> <strong>State</strong> in the gas and energy sectors.<br />

Several new licences to explore for gas have<br />

been granted and a R200-million helium<br />

extraction plant is under construction near Virginia.<br />

With proven reserves of 25-billion cubic feet, the<br />

rights to the field are owned by Renergen and they will<br />

be worked by Afrox, a subsidiary of the Linde Group<br />

of Germany.<br />

The Stortemelk Hydropower Project (pictured)<br />

was built as part of the national Renewable<br />

Energy Independent Power Producer Procurement<br />

Programme (REIPPPP). The collaboration of Renewable<br />

Energy Holdings (REH), Aurecon and Earthworld<br />

Architects delivered a facility with installed capacity<br />

of 4.5MW on the As River. Unusually for a power plant,<br />

the project won the 2017 Award for Architecture from<br />

the South African Institute of Architects for the <strong>Free</strong><br />

<strong>State</strong> region.<br />

Another emerging sector is solar energy. The<br />

Xhariep, Lejweleputswa and Mangaung regions<br />

have among the best direct solar radiation kWh/m²<br />

in the country. Only Upington in the Northern Cape<br />

has a better solar-radiation index. Rezoning for<br />

solar farms has already taken place in Theunissen,<br />

Bloemfontein, Fauresmith and Hoopstad.<br />

Investment<br />

Foreign investments into the <strong>Free</strong> <strong>State</strong> totalled<br />

R8.4-billion in 2017 and the province has now<br />

achieved the status of being a net exporter of<br />

goods.<br />

Relations have been established with 35 countries.<br />

Africa and the BRICS grouping of Brazil, Russia,<br />

India and China are focus areas. Other partnerships<br />

based on education and trade include countries and<br />

FREE STATE BUSINESS <strong>2019</strong><br />

8

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