Limpopo Business 2019-20 edition
The 2019/20 edition of Limpopo Business is the 11th issue of this highly successful publication that, since its launch in 2007, has established itself as the premier business and investment guide for the Limpopo Province. Limpopo has several investment and business opportunities. In addition to the regular articles providing insight into each of the key economic sectors of the province, there are special features on various Special Economic Zones (SEZs) which aim to drive industrialization in the province and the initiatives which are further enhancing the tourism offering in Limpopo. News related to mining, agriculture, transport and logistics, education and development finance is carried in overviews of the main economic sectors in the province. To complement the extensive local, national and international distribution of the print edition, the full content can also be viewed online at www.globalafricanetwork.com Updated information on the Limpopo is also available through our monthly e-newsletter, which you can subscribe to at https://www.globalafricanetwork.com/subscribe/, in addition to our complementary business-to-business titles that cover all nine provinces as well as our flagship South African Business.
The 2019/20 edition of Limpopo Business is the 11th issue of this highly successful publication that, since its launch in 2007, has established itself as the premier business and investment guide for the Limpopo Province.
Limpopo has several investment and business opportunities. In addition to the regular articles providing insight into each of the key economic sectors of the province, there are special features on various Special Economic Zones (SEZs) which aim to drive industrialization in the province and the initiatives which are further enhancing the tourism offering in Limpopo.
News related to mining, agriculture, transport and logistics, education and development finance is carried in overviews of the main economic sectors in the province.
To complement the extensive local, national and international distribution of the print edition, the full content can also be viewed online at www.globalafricanetwork.com Updated information on the Limpopo is also available through our monthly e-newsletter, which you can subscribe to at https://www.globalafricanetwork.com/subscribe/, in addition to our complementary business-to-business titles that cover all nine provinces as well as our flagship South African Business.
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OVERVIEW<br />
Banking and financial<br />
services<br />
Banking choices are expanding very quickly.<br />
The first new banking licence in nearly two decades was<br />
issued in <strong>20</strong>17, to TymeDigital by Commonwealth Bank SA.<br />
The bank will have no physical branches although Tyme’s<br />
Money Transfer product, which it launched in <strong>20</strong>16, is available<br />
at Boxer and Pick n Pay. African Rainbow Capital is the venture’s BEE<br />
partner. The banking licence is the first to be issued since Capitec was<br />
granted a licence by the South African Reserve Bank in 1999.<br />
In a province with a high proportion of rural citizens such as the<br />
<strong>Limpopo</strong>, the prospect of Postbank being upgraded to a full-service bank<br />
is positive news. The current Postbank focusses on taking deposits and<br />
savings accounts. Postbank has secured a R3.7-billion loan to enable it to<br />
open its own loan book. The large geographical footprint of the Post Office<br />
will make the bank easily accessible to even remote parts of the country.<br />
Two other state-owned enterprises are looking to create banks, The<br />
Ithala Development Finance Corporation is an enterprise funder in<br />
KwaZulu-Natal that has applied for a banking licence. At national level,<br />
SECTOR INSIGHTS<br />
South African businesses<br />
are lining up to register new<br />
banking licences.<br />
there is a plan to create a Human<br />
Settlements Development Bank.<br />
The focus will be on financing<br />
housing for poorer households<br />
and for large state-funded<br />
housing projects. Part of the drive<br />
is to integrate cities better and to<br />
combat the legacy of the spatial<br />
divide that apartheid left behind.<br />
The <strong>Limpopo</strong> Economic<br />
Development Agency intends<br />
LIMPOPO BUSINESS <strong><strong>20</strong>19</strong>/<strong>20</strong><br />
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