5 years ago

Limpopo Business 2017-18 edition

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A unique guide to business and investment in Limpopo. Limpopo Business 2017/18 is the ninth edition of this highly successful publication that has, since its launch in 2007, established itself as the premier business and investment guide to the Limpopo Province. This edition of Limpopo Business is officially endorsed by the Office of the Premier of Limpopo. This book contains detailed insights into the plans of the Limpopo Economic Development Agency (LEDA) and the recently launched bus rapid transport system for the provincial capital, Leeto la Polokwane, together with a comprehensive register of all provincial government and municipal contact details. Investment news related to mining, telecommunications and tourism is carried in overviews of all the main economic sectors. To complement the extensive distribution of the print edition of the magazine, the publication is also available online at

FOCUS The company has

FOCUS The company has loans to the value of R432.4-million as at 31 March 2017. “Because of the expansion of our footprint we are in the process of raising more capital,” reports Dr Nokaneng. The CEO stresses the point that Risima is self-sustaining, with no grant paid by the Provincial Treasury. A clean audit was also achieved in the most recent financial reporting period. “Our profit for the most recent financial year was R32-million.” Innovation An innovative approach to unlocking the value of land in traditional areas may be on the cards if the National Home Builders Registration Council (NHBRC) approves a plan related to the conversion of Permissions to Occupy (PTO). Where there are no title deeds it is difficult to establish value, get loans or use land as collateral for buying anything else. Risima sees potential in converting PTOs to title deeds and is looking at deep rural areas such as Vhembe and Sekhukhune. Even people who might work in cities don’t want to give up their ties to traditional land, but they also want to get certainty of ownership and the right to leverage that ownership if they RISIMA HOUSING FINANCE CORPORATION Risima Housing Finance Corporation (Pty) Ltd was originally known as Gazankulu Finance Company (Pty) Ltd, established in April 2000. Risima is a wholly owned subsidiary of LEDA; it falls under Schedule 3D of the Public Finance Management Act 1 of 1999 (PFMA) as a provincial public entity, established by Limpopo Department of Economic Development, Environment and Tourism in terms of the Limpopo Development Corporation Act 5 of 1994 (LDCA). Risima was established for the purpose of giving effect to Section 3 (1) of the LDCA which requires LEDA, among others, to provide housing in Limpopo. Risima has been created to respond to the need to create access to home loan finance to all residents of Limpopo, irrespective of where they live, in so doing: assist LEDA to achieve its objective of job creation and empowerment in Limpopo through housing construction, in support of the Provincial Employment, Growth and Development Plan. Key focus areas are to: • To provide access to home loan finance and property development finance to residents of the province in both rural and urban areas • To create shareholder value and facilitate employment creation and economic growth • Ensure the economic, social and environmental sustainability of Risima. want to. The Risima scheme will be limited to government employees, thus reducing risk to the lender. Risima financial products • Residential building construction: for clients to build a house • Purchasing of existing residential houses: clients buy existing houses • Purchasing of sites: clients purchase vacant sites • Extensions and renovations: clients improving their houses • Switch bonds: moving a bond from another financial institution to Risima • Installation of solar water heating systems • Additional loan: clients with equity on their properties can apply for additional loans • Access bond: available to clients who pay more than the required instalment on their home loans. Clients can apply for the funds when they need them. CONTACT INFO Lebowakgomo (head office) Tel: +27 15 633 4732 or +27 15 633 4700 Polokwane (regional office) Tel: +27 15 295 5120 Ritavi (regional office) Tel: +27 15 303 1731 Thohoyandou (regional office) Tel: +27 15 962 4900 LIMPOPO BUSINESS 2017/18 30

Limpopo Connexion Transitioning from a resource-based economy to a knowledge economy. FOCUS Limpopo Province is taking active steps to develop its information and communications technology (ICT) sector to the point where it can take the provincial economy to a higher level and improve the delivery of government services. The agency charged with achieving these aims is Limpopo Connexion. Baldwin Ramosobane, Acting CEO: Limpopo Connexion, gives the broad aims of the agency in these terms: “A key measure is to say how would Limpopo Connexion transform Limpopo from a resource-based province to a knowledge-based province.” The Knowledge Economy refers to the use of knowledge to produce economic benefits through tangible and intangible assets. The concept refers to the manner in which various high-technology businesses, especially computer software, telecommunications and virtual services, as well as educational and research institutions, could contribute to a country's economy. Creating a strong and innovative ICT sector is a vital step on the way to establishing a knowledge-based economy. World leaders are increasingly adapting to the fact that a Fourth Industrial Revolution is under way. The first was powered by water and steam, the second used electricity and introduced mass production and the third revolution in the global economy related to automation, electronics and computers. Now a Fourth Industrial Revolution is combining a range of scientific breakthroughs at great speed: central to the concept is connectivity and access to data. This new economy is creating new jobs and creating the potential for jobs in the future in sectors that don’t yet exist. Only by having a strong and adaptable communications and data network can a regional economy take advantage of these changes as they occur. 31 LIMPOPO BUSINESS 2017/18

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