01.11.2023 Views

Namakwa District Municipality Investment Prospectus

The Northern Cape’s largest district offers endless variety. Separate sections in this Prospectus lay out investment opportunities in detail. In brief these are: Boegoebaai Special Economic Zone (SEZ) and deepsea port; Green hydrogen production at the same venue; Namakwa SEZ, centred on the Vedanta Zinc International mining operation in Aggenys; Namakwa Irrigation Scheme and the development of Springbok airport.

The Northern Cape’s largest district offers endless variety. Separate sections in this Prospectus lay out investment opportunities in detail. In brief these are: Boegoebaai Special Economic Zone (SEZ) and deepsea port; Green hydrogen production at the same venue; Namakwa SEZ, centred on the Vedanta Zinc International mining operation in Aggenys; Namakwa Irrigation Scheme and the development of Springbok airport.

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2<br />

THE NORTHERN CAPE AT A GLANCE<br />

NORTHERN CAPE is unique as a trade and investment destination.<br />

Its vast geographical extent<br />

and natural resources, complemented<br />

by human capacity<br />

and sound infrastructure, offer<br />

its partners a wide array<br />

of attractive trade and investment<br />

opportunities meeting<br />

global standards.<br />

The geographic location of<br />

the Northern Cape provides<br />

easy access to SADC markets<br />

and export ports via sea<br />

and air. The entry points in<br />

terms of access to Namibia<br />

and Botswana, extending to<br />

Zambia, provide a unique<br />

competitive advantage.<br />

The mineral profile of the<br />

Northern Cape has contributed<br />

to the establishment<br />

of global trade centres such<br />

as London and New York<br />

through diamond resources<br />

and mining listings. In<br />

addition to being for many<br />

years the leading source of<br />

diamonds, the province is a<br />

key iron ore and manganese<br />

producer, which is complemented<br />

by lime, granite, semi-precious stones and other minerals.<br />

The mining sector continues to expand, and with it opportunities in<br />

mining supplies and mineral value addition.<br />

The South African government has prioritised the diversification of<br />

energy sources to supply the national grid, and the focus on renewable<br />

energy has stimulated the demand for solar, wind, hydro and<br />

biomass energy sources.<br />

No province is better equipped in these fields than the Northern<br />

Cape, which has become the preferred investment destination for<br />

renewable energy companies. Growth in the energy sector has<br />

stimulated the manufacturing and agricultural sectors, which in turn<br />

has stimulated the development of infrastructure and services. Key<br />

projects include the Boegoebaai deep-sea port, Kathu Industrial<br />

Park, Upington Industrial Park and Vioolsdrif Dam. These projects<br />

are complemented by a well-developed settlement, transport and<br />

communication network. Huge opportunities also exist in value<br />

addition to the Northern Cape’s agricultural and mineral resources.<br />

These developments, opportunities and the associated business<br />

travel will undoubtedly contribute significantly to the further growth in<br />

travel and tourism into and within the province. To respond effectively<br />

to this growth in tourism demand and remain globally competitive,<br />

the province needs to attract suitable and sustainable investment<br />

across the tourism and other sectors.<br />

Human capital is key to the sustainable development of any<br />

region and the Northern Cape boasts the newly established<br />

Sol Plaatje University and enjoys representation through<br />

technology stations of other universities including Unisa and<br />

the Vaal University of Technology.<br />

The province is also served by a well-established multi-campus<br />

Technical Education and Vocational Training College.<br />

Further investments in building the requisite skills and capacities<br />

to meet the demands of our province’s growth and development<br />

are critical.<br />

Provincial and local government organs in the Northern Cape<br />

underpin all the potential of the province, and are dedicated to<br />

ensuring a sound, safe and well-governed investment destination.

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