07.08.2023 Views

North West Business 2023-24

The 2023/24 edition of North West Business marks the 12th publication of this highly successful journal that, since its launch in 2009, has established itself as the premier business and investment guide for the North West Province. Renewable energy is a huge global trend, and the impact this burgeoning sector is having on the North West can be seen in the development of several new solar farms which are under construction. The North West’s strong suit in platinum group metals (PGMs) already puts the province at the forefront of the drive towards a greener and renewable economy because of the applicability of so many of those minerals and metals for the cleaner energy movement. North West Business includes news and analysis of the most important sectors. Best known for its platinum mines, grain and livestock farming and tourism, the province is making a concerted effort to bolster its manufacturing capacity through a dedicated new strategy which includes trying to attract solar panel manufacturing to 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 North West is also available through our monthly e-newsletter, which you can subscribe to at www.gan.co.za, in addition to our complementary business-to-business titles that cover all nine provinces, our flagship South African Business title and the new addition to our list of publications, Journal of African Business, which was launched in 2020.

The 2023/24 edition of North West Business marks the 12th publication of this highly successful journal that, since its launch in 2009, has established itself as the premier business and investment guide for the North West Province. Renewable energy is a huge global trend, and the impact this burgeoning sector is having on the North West can be seen in the development of several new solar farms which are under construction. The North West’s strong suit in platinum group metals (PGMs) already puts the province at the forefront of the drive towards a greener and renewable economy because of the applicability of so many of those minerals and metals for the cleaner energy movement. North West Business includes news and analysis of the most important sectors. Best known for its platinum mines, grain and livestock farming and tourism, the province is making a concerted effort to bolster its manufacturing capacity through a dedicated new strategy which includes trying to attract solar panel manufacturing to 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 North West is also available through our monthly e-newsletter, which you can subscribe to at www.gan.co.za, in addition to our complementary business-to-business titles that cover all nine provinces, our flagship South African Business title and the new addition to our list of publications, Journal of African Business, which was launched in 2020.

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Impala Rustenburg employs more than 40 000<br />

people at its mining and concentrating and<br />

smelting plants.<br />

in a development called Lefika Villas. There will be<br />

48 three-bedroom villas and 10 four-bedroom villas<br />

in the development, together with amenities for<br />

children, a restaurant and a swimming pool.<br />

The ability of local authorities to manage the<br />

infrastructure of towns and districts has been under<br />

scrutiny for some time and national government has<br />

signalled its intention to intervene.<br />

The <strong>North</strong> <strong>West</strong> Provincial Government<br />

announced a series of steps taken within its<br />

administration which showed that accountability for<br />

bad behaviour was being implemented.<br />

The establishment of the Mafikeng Digital<br />

Information Hub, a co-working 4IR hub in the centre<br />

of Mahikeng, is an indicator that the province is intent<br />

on joining the digital movement. The hub is led by<br />

Joseph Ndaba, who is serving on the Presidential<br />

Commission on 4IR.<br />

Geography and economy<br />

The <strong>North</strong> <strong>West</strong> is bordered on the west by the<br />

Republic of Botswana and on the east by Gauteng,<br />

the engine of the South African economy.<br />

The <strong>North</strong> <strong>West</strong> Province makes up 6.8% of the<br />

population of South Africa (3.6-million), 8.7% of the<br />

land mass (105 076km²) and accounts for 5.8% of<br />

economic output in terms of gross value added.<br />

The Vaal River runs along the province’s southeastern<br />

border with the Free State, and the province<br />

also shares borders with the <strong>North</strong>ern Cape to the<br />

south and Limpopo in the north. The mineral<br />

reserves in the province are enormous. Platinum<br />

group metals (PGMs) predominate but there are<br />

significant deposits of gold, uranium, diamonds,<br />

copper, vanadium, fluorspar and nickel. Stone and<br />

limestone are also found in large quantities.<br />

Mining beneficiation takes place at many<br />

places, with Rustenburg being particularly strong<br />

in this sector. The economy of the town is closely<br />

linked to the fortunes of platinum mining, with the<br />

sector contributing about 70% of the city’s gross<br />

geographic product.<br />

Automotive components firms are clustered<br />

in Brits, which in turn is close to the automotive<br />

manufacturing hub of Rosslyn (Pretoria) in<br />

Gauteng. Towns like Klerksdorp (agro-processing<br />

and engineering) and Potchefstroom (food and<br />

beverages) also have manufacturing capacity.<br />

The <strong>North</strong> <strong>West</strong> is a major producer of maize<br />

and sunflower seeds and many other agricultural<br />

products. About 20% of South Africa’s maize comes<br />

from the province, as does 15% of its wheat.<br />

The dry western part of the province is home<br />

to beef cattle, game ranching and hunting. The<br />

normally well-watered eastern and north-eastern<br />

regions carry varied crops, many of which are sold<br />

in Johannesburg and Pretoria.<br />

The agricultural sector also generates largescale<br />

storage and logistics operations, particularly in<br />

Klerksdorp, Vryburg and Brits, together with a<br />

number of agro-processing plants. Senwes is one<br />

of the biggest with extensive silo infrastructure<br />

while Suidwes has 17 retail outlets and MGK makes<br />

full-fat soy at its manufacturing plant. Lichtenburgbased<br />

NWK makes liquid fertiliser and animal feed,<br />

processes sunflower seeds and runs 37 silos and<br />

three grain mills.<br />

The province’s three Technical and Vocational<br />

Education and Training (TVET) colleges and the<br />

well-respected <strong>North</strong>-<strong>West</strong> University all have<br />

several campuses catering to a wide range of<br />

educational disciplines. The university has a strong<br />

reputation as a research institution.<br />

Major towns<br />

Mahikeng<br />

The capital city of the <strong>North</strong> <strong>West</strong> Province lies on<br />

the banks of the Molopo River. Situated in the north-<br />

NORTH WEST BUSINESS <strong>2023</strong>/<strong>24</strong><br />

6<br />

PHOTO: Implats

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!