10 months ago

Mpumalanga Trade & Investment Profile 2023

  • Text
  • Success
  • Investment
  • Opportunities
  • Business
  • Invest
  • Mpumalanga
  • Province
  • Economy
  • Maputo
  • Economic
  • Mining
  • Tourism
  • Agriculture
  • Manufacturing
  • African
  • Mega
  • Brochure
  • Wwwglobalafricanetworkcom
Companies in a wide range of sectors are already invested in Mpumalanga – and are ramping up the commitments with new investments. The 2023 Mpumalanga Investment Prospectus presents exciting opportunities for investment in Mpumalanga, including information about key sectors of the economy, business opportunities, government policies and programmes, and private sector success stories. The Mpumalanga Economic Growth Agency (MEGA) is the official Economic Development Agency for the Mpumalanga Provincial Government and is committed to making the process of investing in Mpumalanga or starting a business in the province easy.


INVESTMENT OPPORTUNITIES PRODUCE MARKET Selected Strategic High Impact Projects: Mpumalanga International Fresh Produce Market MEGA is establishing a R1.2-billion fresh produce market facility located in Mbombela, the Mpumalanga International Fresh Produce Market (MIFPM). To date the province has invested an estimated R540-million in the project. Mpumalanga is one of South Africa’s most productive and important agriculture regions. It is home to predominantly tropical and subtropical crops and vegetables owing to its conducive climate. The tropical and subtropical crops consist of avocado, banana, citrus, ginger, granadilla, guava, litchi, macadamia nut, mango, papaya and pineapple. The vegetables produced include potatoes, tomatoes, pumpkins, sweet corn, onions, sweet potatoes, beetroot, carrots, green peas, cauliflower, cabbages and green beans. Site: The site is in Mbombela on a 248ha plot less than 10km from the Central Business District. It is situated within the Maputo Development Corridor (MDC), linking Mpumalanga, Gauteng Province and the Nkomazi Special Economic Zone with the deepwater Port of Maputo in Mozambique. The market: The market will give local farmers access to local, regional and international fresh produce markets and will aid in ensuring food security for the region. The infrastructure of the MIFPM will attract international as well as the large domestic food retailers as a key processing and distribution point. It will also secure Mpumalanga’s position in the regional export market in fresh produce. The market will offer: • Open trading halls for fruit and vegetables • A meat, fish and flower market • Complementary cold storage, ripening facilities and pallet handling • Processing facilities • An export hall • Bulk-breaking facilities for retail outlets • Links with statutory organisations such as customs, PPEBC and EuroGap • Transport and logistics enterprises • Shared collation and pack house facilities for SMMEs • Commercial services including banks and restaurants • A food bank for NGOs Feasibility study: completed EIA: completed Bulk infrastructure: completed Top structures: underway Model: JV, BOT Value: R1-billion INVESTMENT OPPORTUNITIES NKOMAZI SEZ Selected Strategic High Impact Projects: Nkomazi Special Economic Zone The Nkomazi Special Economic Zone has been officially designated and MEGA has been appointed to establish the entity. SEZs are geographically designated areas set aside for specifically targeted economic activities that are supported through special tax incentives. An SEZ aims to be an economic development tool to promote rapid economic growth by using various support measures to attract targeted foreign and domestic investments and technology. The main goal is to support the implementation of South Africa’s industrial development programme. Strategically positioned in the border town of Komatipoort, the SEZ offers a multi-sector base of operations along the H Maputo Development Corridor which provides exporters with good access through Maputo Port to the export markets of South East Africa, the Indian Ocean Rim and Far East Asia. The Nkomazi SEZ will target investment from the agriculture, agro-processing, nutraceuticals and fertiliser production sectors, as having a strong focus on logistics and trade services. The NSEZ offers the investor a unique and incentivised base of operations on the Maputo Development Corridor running through the most highly industrialised and productive regions of Southern Africa. The Maputo Corridor is bound to develop even more as the Maputo harbour improves its handling and scheduling Recreation capacity. In the event that a second rail line to Maputo to complement the current rail link is developed, the shipment of mining products and agricultural produce to and from the Limpopo and Mpumalanga provinces will increase. MPUMALANGA – NKOMA The NSEZ is set to provide One-Stop-Shop services, incentives, innovation platform, a competitive and transparent market environment, and timeous and efficient responses to investors’ market requirements. Manufacturing Convenience Retail Accommodation Centralised Facilities Logistics

FOREIGN TRADE Mpumalanga is proving to be a key player in the local economy as well as internationally. TOP 10 EXPORTS 2022 1. Ferro Alloys R 35 billion US$ 1.9 billion 2. Coal R 16 billion US$ 913 million 3. Stainless Steel R 9.1 billion US$ 504 million 4. Platinum R 6.9 billion US$ 385 million 5. Gold R 5.8 billion US$ 322 million 6. Macadamia Nuts R 4.1 billion US$ 229 million 7. Chrome Ore R 2.4 billion US$ 138 million 8. Manganese R 2.3 billion US$ 129 million 9. Fuel Wood R 1.5 billion US$ 85 million 10. Citrus Fruit R 576 million US$ 32 million TOP 10 EXPORT MARKETS 2022 1. Mozambique R 21 billion US$ 1.6 billion 2. China R 9.5 billion US$ 529 million 3. United States R 8.5 billion US$ 471 million 4. Japan R 5.9 billion US$ 331 million 5. Korea R 5.5 billion US$ 308 million 6. Netherlands R 5.2 billion US$ 291 million 7. India R 3.8 billion US$ 210 million 8. eSwatini R 3.2 billion US$ 180 million 9. UAE R 3.2 billion US$ 178 million 10. Indonesia R 2.4 billion US$ 135 million

Copied successfully!

Other recent publications by Global Africa Network: