Mpumalanga Business 2023-24

More documents

Recommendations

Info

THE PERFECT LAUNCH PAD FOR AFRICA The African Continental Free Trade Area could revolutionise African trade: Mpumalanga is the perfect launch pad for manufacturers and exporters. start of trading under the AfCFTA Agreement from the beginning of 2021. Further meetings have been held to take the process forward in terms of details and practical measures. The nations covered by AfCFTA have an estimated combined GDP of $2.5-trillion and a population of over 1.2-billion. In terms of population, it will be the largest free trade area in the world. The AfCFTA envisages the Instrument of ratification deposited Parliamentary approval received or pending AfCFTA Agreement signed AfCFTA Agreement not signed The African Continental Free Trade Area (AfCFTA) has been agreed on by almost all African nations and holds the potential to change the nature and size of trading on the continent in profound ways. Mpumalanga Province, as a strategically-positioned region with a dynamic manufacturing sector and excellent logistics and infrastructure, provides the perfect launch pad for investors looking to take advantage opportunities that will be created by the AfCFTA Agreement. The burgeoning African middle-class is a global trend that economists are carefully watching. As more sophisticated infrastructure is rolled out across Africa, having a base with good connections to ports and with good air, road and rail connectivity will be vital. Mpumalanga has all of that, and more. An Extraordinary Summit of the AU Assembly on the AfCFTA was held in December 2020. The Assembly approved the gradual elimination of tariff and non-tariff barriers to trade on the continent. In terms of export-driven manufacturing and production Mpumalanga is well positioned to take full advantage of the economic promise of the AfCFTA and attract investment, thereby helping to increase income levels and reduce poverty. Mpumalanga is served by the Maputo Development Corridor (MDC), which is South Africa’s leading Spatial Development Initiative (SDI), linking Mpumalanga, Gauteng Province and the Nkomazi Special Economic Zone with the deepwater Port of Maputo in Mozambique. This strategic location gives Mpumalanga a particular advantage with respect to logistics and market access. Improving and increasing intra-African trade will change the way countries do business and include a much broader range of countries and products into the global market. Foreign direct investment is expected to grow rapidly, as investment opportunities such as those on offer in Mpumalanga attract the attention of international companies and institutions. New sectors, such as the Green Economy which Mpumalanga is actively preparing for, will grow exponentially on the back of a continental system of trade with fewer barriers and more connections than ever before.
AfCFTA FAST FACTS Africa’s exports could increase by $560-billion and some experts predict that continental business and consumer spending could reach $6.7-trillion by 2030. $450 BILLION AfCFTA could boost regional income by 7% or $450-billion (Source: the World Bank) AfCFTA could lift 30 -million people out of poverty, according to the World Bank AfCFTA could boost 10% wages by up to * World Bank estimate ABOUT SADC South Africa is a member of one of Africa’s oldest regional organisations, the 16-member Southern African Development Community, (SADC). This enables duty-free trade within a growing market of more than 360-million people. All goods shipped under SADC Certificate of Origin receive duty-free status. Duty-free trade within a GROWING MARKET of more than 360million people
Page 1 and 2: ter: @Mtpatourism | Instagram: @mpu
Page 4 and 5: MESSAGE The transformative power of
Page 6 and 7: CONTENTS Mpumalanga Business 2023/2
Page 8 and 9: Travellers should prepare to be ast
Page 10 and 11: FOREWORD Mpumalanga Business A uniq
Page 12 and 13: MESSAGE Ensuring success for local
Page 14 and 15: A REGIONAL OVERVIEW OF MPUMALANGA P
Page 16 and 17: The University of Mpumalanga is off
Page 18 and 19: WHY INVEST IN MPUMALANGA? • 68% o
Page 20 and 21: KEY SECTORS AGRICULTURE Agriculture
Page 22 and 23: KEY SECTORS MANUFACTURING Three pri
Page 24 and 25: INVESTMENT OPPORTUNITIES PRODUCE MA
Page 28 and 29: Going green Mpumalanga is famously
Page 30 and 31: SPECIAL FEATURE Partnerships Arisin
Page 32 and 33: SPECIAL FEATURE Establishing a busi
Page 34 and 35: SPECIAL FEATURE South African inves
Page 36 and 37: d trade with the biggest of the BRI
Page 38 and 39: KEY SECTORS Overviews of the main e
Page 40 and 41: OVERVIEW Agriculture The macadamia
Page 42 and 43: Sappi paves the way for a sustainab
Page 44 and 45: OVERVIEW Mining Energy and efficien
Page 46 and 47: INTERVIEW Mapping for safety and ec
Page 48 and 49: INTERVIEW The hyperspectral core sc
Page 50 and 51: OVERVIEW Oil and gas Sasol partners
Page 52 and 53: OVERVIEW Manufacturing New sectors
Page 54 and 55: FOCUS Columbus Stainless Choosing t
Page 56 and 57: OVERVIEW Transport and logistics Th
Page 58 and 59: OVERVIEW Tourism A multi-pronged do
Page 60 and 61: OVERVIEW ICT A Mpumalanga coal mine
Page 62 and 63: OVERVIEW Education and training Dig
Page 64 and 65: OVERVIEW Banking and financial serv
Page 66 and 67: OVERVIEW Development finance and SM
Page 68: MBOMBELA HEAD OFFICE: T +27 13 492

Mpumalanga Business 2023-24

Create successful ePaper yourself

Delete template?

Save as template?