Limpopo Business 2021-22
The 2021/22 edition of Limpopo Business is the 13th 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 been attracting significant investments in the mining sector in recent years and with commodity prices of certain minerals rising in response to demand in the renewable energy and automotive sector, mining houses are well-positioned to expand production even further. This journal carries messages of welcome to investors from the province’s Premier and the MEC for Economic Development, Environment and Tourism. In addition to the regular articles providing insight into each of the key economic sectors of the province, there is special feature on plans to catalyse investment and growth in the province through measures such as industrial parks and the Musina-Makhado Special Economic Zone in the province’s far north, which is attracting billions of dollars in investment. News related to mining, agriculture, tourism, construction and property, water, education and development finance is carried in overviews of the main economic sectors.
The 2021/22 edition of Limpopo Business is the 13th 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 been attracting significant investments in the mining sector in recent years and with commodity prices of certain minerals rising in response to demand in the renewable energy and automotive sector, mining houses are well-positioned to expand production even further.
This journal carries messages of welcome to investors from the province’s Premier and the MEC for Economic Development, Environment and Tourism. In addition to the regular articles providing insight into each of the key economic sectors of the province, there is special feature on plans to catalyse investment and growth in the province through measures such as industrial parks and the Musina-Makhado Special Economic Zone in the province’s far north, which is attracting billions of dollars in investment. News related to mining, agriculture, tourism, construction and property, water, education and development finance is carried in overviews of the main economic sectors.
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Construction and property<br />
Thousands of title deeds are due to be handed over.<br />
OVERVIEW<br />
SECTOR INSIGHT<br />
Provincial housing initiatives<br />
will create 3 000 jobs.<br />
The Enterprise Development and Finance Division of the<br />
<strong>Limpopo</strong> Economic Development Agency (LEDA) offers<br />
loans to businesses in the construction and property sector<br />
and runs specialised training in vocational skills such as<br />
bricklaying, plastering, carpentry, plumbing, electrical and welding.<br />
The Risima Housing and Finance Corporation, a division of<br />
LEDA, is helping citizens of the province to become homeowners<br />
by creating affordable housing opportunities in the gap market.<br />
Two areas of focus will see more than 2 000 homes come on to<br />
the market:<br />
• Polokwane Extension 72 and 79, 1 000 units<br />
• Ba-Phalaborwa Extension 7 and 9, 1 200 units.<br />
A total of 5 000 houses will be built across the province in the<br />
<strong>2021</strong>/<strong>22</strong> financial year, with some rental units also being developed.<br />
This activity is expected to create at least 3 000 jobs. In the same<br />
time period, more than 3 000 housing beneficiaries will be<br />
presented with title deeds.<br />
Risima has introduced the Finance Linked Individual Subsidy<br />
Programme, for those earning between R3 501 and R15 000 per<br />
month. Risima and the Department of Cooperative Governance,<br />
Human Settlement and Traditional Affairs (COGHSTA) distribute<br />
grants to cover a deposit or to make up the shortfall between an<br />
asking price and what the applicant can afford. The South African<br />
Affordable Residential Developers Association (SAARDA) caters to<br />
the gap market.<br />
A non-mortgaged financial product assists government<br />
employees to get a foot on the property ladder. Risima is also<br />
ONLINE RESOURCES<br />
Credit: Risima HFC<br />
Black <strong>Business</strong> Council in Built Environment: www.bbcbe.org<br />
Construction Industry Development Board: www.cidb.org.za<br />
South African Property Owners Association: www.sapoa.org.za<br />
exploring cooperation with<br />
mining houses such as Exxaro,<br />
Amplats and Northam at<br />
Thabazimbi.<br />
Thavhani Mall is operating<br />
in Thohoyandou in a bigger<br />
development called Thavhani<br />
City. The 27ha site will eventually<br />
include an office park,<br />
automotive-related businesses,<br />
private healthcare, a library, an<br />
information centre and a sports<br />
stadium. Its anchor retail tenants<br />
include Woolworths, Edgars,<br />
Pick n Pay and SuperSpar.<br />
The partners in the R1-billion<br />
project are Thavhani Property<br />
Investments, Vukile Property<br />
Fund and Flanagan & Gerard<br />
Property Development.<br />
A budget of R3.9-billion<br />
has been assigned by National<br />
Treasury for the <strong>Limpopo</strong><br />
Academic Hospital. Clinics are<br />
also being built, providing<br />
more work opportunities in<br />
the construction sector. A start<br />
has been made on a provincial<br />
theatre, with R15-million<br />
allocated to planning.<br />
Five libraries are under<br />
construction in the province<br />
and four new libraries<br />
are planned for Tshaulu,<br />
Makhuduthamaga, Vleifontein<br />
and Botshabelo in the Mopani<br />
District. The Schoemansdal<br />
Museum is to be upgraded. ■<br />
45<br />
LIMPOPO BUSINESS <strong>2021</strong>/<strong>22</strong>
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