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.

PROFILE

PROFILE North West Development Corporation NWDC is your economic growth, development and investment partner in the North West Province of South Africa. It is the mission of the NWDC to create wealth and facilitate job creation where the people of the North West Province live. From its head office situated in Mahikeng and supported by 10 regional branches, the NWDC fulfils its economic development mandate through: • economic development and infrastructure projects • attracting investment and facilitating trade opportunities • developing and supporting SMMEs and co-operatives • managing its property portfolio • leveraging strategic partnerships • programmes of the NWDC The NWDC’s operational programmes create a synergy towards fulfilling its vision of promoting trade, attracting investment and ensuring sustainable inclusive economic growth and transformation in the North West Province. NWDC programmes • Administration • Property Development and Management • SMME Development and Management • Trade and Investment Facilitation • Subsidiaries: Bojanala Special Economic Zone SOC Ltd Values The NWDC upholds the values of: • Professionalism • Integrity • Respect • Cooperation • Innovation Governance The NWDC is a PFMA Schedule 3D-listed public business enterprise with a dual commercial and development mandate. NWDC’s Shareholder is the North West Department of Economic Development, Environment, Conservation and Tourism (DEDECT). The NWDC is governed by a board of directors and board sub-committees, appointed by the Shareholder. Its full mandate as outlined in the NWDC Act is: To plan, finance, coordinate, promote and carry out the economic development mandate of the province and its people in the fields of industry, commerce, finance, mining and other business, resulting in wealth and job creation where people live. ■ VISIT US AT: NWDC Head Office 22 James Watt Crescent, Industrial Site, Mahikeng Tel: 018 381 3663 Website: www.nwdc.co.za Facebook: North West Development Corporation Twitter: @Invest_NWDC LinkedIn: North West Development Corporation Newsletter: to receive the NWDC newsletter, see QR code, right.

Poised to transform the region The Bojanala Special Economic Zone (SEZ) is poised to transform the region into a sustainable beneficiation hub for mineral processing of platinum group metals (PGMs), manufacturing of capital equipment and renewable energy components and agro-processing. Why Bojanala SEZ? Access to infrastructure • 88 factories available • Adequate water volumes available: Vaalkop Dam is 20km from site with a 160mm pipeline • Sewerage: 200mm to the existing WWTW • Electricity supply: 11MVA current. New substation at Ledig under construction Access to transport logistics infrastructure • Rail: 1km from site with unutilised sidings. Transnet Freight Rail is part of the Project Steering Committee • Air: Pilanesberg Airport is 19km away • Road: on the R510 connecting to the N4 Access to markets • Platinum group metals (PGMs) is the major product of the mining sector in the North West as the province contributes 40% of the world’s platinum and 55% of the platinum in South Africa in 2017. • The North West Province also produces 70% of the dimension stone and granite, 32% of the chrome and 20.7% of the gold of South Africa. Other minerals produced in the province include diamonds, vanadium, slate, limestone, nickel, silica, manganese, phosphate, fluorspar and zinc. Sectoral focus • Mineral beneficiation • Renewable energy The Bojanala Special Economic Zone is located in the Bodirelo Industrial Park in Mogwase. Mogwase is part of the Moses Kotane Local Municipality, which falls under the Bojanala District Municipality. The SEZ is on the R510 road, 50km from Rustenburg. • Capital equipment • Agro-processing SEZ incentives and benefits for investors • Corporate tax of 15% • Accelerated allowance on buildings and improvement to buildings • Salaried employees (below R6 000) to receive wage allowance • Capital allowance: plant and machinery imports • Special customs and VAT incentives • Retain status for 10 years • Sunset clause until 2024