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North West Business 2023-24

  • Text
  • Sectors
  • Economy
  • Regions
  • Pgms
  • Opportunities
  • Trade
  • Investment
  • Business
  • Province
  • Rustenburg
  • Municipality
  • Platinum
  • Tourism
  • Economic
  • Provincial
  • Mining
  • Mmabatho
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 Updated information on the North West is also available through our monthly e-newsletter, which you can subscribe to at, 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.

Impala Rustenburg

Impala Rustenburg employs more than 40 000 people at its mining and concentrating and smelting plants. in a development called Lefika Villas. There will be 48 three-bedroom villas and 10 four-bedroom villas in the development, together with amenities for children, a restaurant and a swimming pool. The ability of local authorities to manage the infrastructure of towns and districts has been under scrutiny for some time and national government has signalled its intention to intervene. The North West Provincial Government announced a series of steps taken within its administration which showed that accountability for bad behaviour was being implemented. The establishment of the Mafikeng Digital Information Hub, a co-working 4IR hub in the centre of Mahikeng, is an indicator that the province is intent on joining the digital movement. The hub is led by Joseph Ndaba, who is serving on the Presidential Commission on 4IR. Geography and economy The North West is bordered on the west by the Republic of Botswana and on the east by Gauteng, the engine of the South African economy. The North West Province makes up 6.8% of the population of South Africa (3.6-million), 8.7% of the land mass (105 076km²) and accounts for 5.8% of economic output in terms of gross value added. The Vaal River runs along the province’s southeastern border with the Free State, and the province also shares borders with the Northern Cape to the south and Limpopo in the north. The mineral reserves in the province are enormous. Platinum group metals (PGMs) predominate but there are significant deposits of gold, uranium, diamonds, copper, vanadium, fluorspar and nickel. Stone and limestone are also found in large quantities. Mining beneficiation takes place at many places, with Rustenburg being particularly strong in this sector. The economy of the town is closely linked to the fortunes of platinum mining, with the sector contributing about 70% of the city’s gross geographic product. Automotive components firms are clustered in Brits, which in turn is close to the automotive manufacturing hub of Rosslyn (Pretoria) in Gauteng. Towns like Klerksdorp (agro-processing and engineering) and Potchefstroom (food and beverages) also have manufacturing capacity. The North West is a major producer of maize and sunflower seeds and many other agricultural products. About 20% of South Africa’s maize comes from the province, as does 15% of its wheat. The dry western part of the province is home to beef cattle, game ranching and hunting. The normally well-watered eastern and north-eastern regions carry varied crops, many of which are sold in Johannesburg and Pretoria. The agricultural sector also generates largescale storage and logistics operations, particularly in Klerksdorp, Vryburg and Brits, together with a number of agro-processing plants. Senwes is one of the biggest with extensive silo infrastructure while Suidwes has 17 retail outlets and MGK makes full-fat soy at its manufacturing plant. Lichtenburgbased NWK makes liquid fertiliser and animal feed, processes sunflower seeds and runs 37 silos and three grain mills. The province’s three Technical and Vocational Education and Training (TVET) colleges and the well-respected North-West University all have several campuses catering to a wide range of educational disciplines. The university has a strong reputation as a research institution. Major towns Mahikeng The capital city of the North West Province lies on the banks of the Molopo River. Situated in the north- NORTH WEST BUSINESS 2023/24 6 PHOTO: Implats

SPECIAL FEATURE west sector of the province near the Botswana border, the city has a strong services sector and a population of approximately 300 000. The city’s main sectors are financial services, services, transport and trade. The Garona District houses the North West parliament and government buildings. The arts are promoted by the Mmabana Cultural Centre, while the North West Institute of Hotel and Tourism Management is one of three tertiary institutions in the city. North-West University’s Graduate School of Business and Government Leadership is located in the city, and Unisa has a presence. Other institutions are the Taletso TVET College and the International School of South Africa. The town is well served by hotels such as the Mmabatho Palms, Hotel and Casino Convention Resort. White rhino and giraffe can be found at the Mahikeng Game Reserve. Tlokwe The city of Potchefstroom is administered by the Tlokwe Local Municipality. A large campus of North-West University and its business school is located in the city, as is the Vuselela TVET College and the Potchefstroom College of Agriculture. More than 120 000 people regularly attended the annual Aardklop Festival before Covid. The city has a population of about 173 000. The sports facilities of North- West University are world class and have been the base for Spain’s soccer team and Australia’s cricket team in world cups. Tlokwe is a hub for the strong commercial agriculture of the region and has several food and beverage manufacturers including Nestlé. Some of the bigger enterprises include fertiliser companies such as Kynoch, munitions manufacturers and food processors like King Food. An army base contributes to the economy, and the airfield formerly used by the military is now run by the municipality. The N12 Treasure Route passes through the city and holds potential for further development of tourist highlights such as Boskop Dam and the Mooi River on which the town is located. Rustenburg Rustenburg is a local municipality within the Bojanala Platinum District Municipality and the headquarters of both bodies are in the city of about 625 000 residents. Rustenburg straddles the N4 “Platinum Highway” about 120km west of the cities of Pretoria and Johannesburg in the Gauteng Province, the economic hub of South Africa. The N4 stretches across South Africa from Mozambique in the east, to the Botswana border in the west and, as the Trans Kalahari Route, ultimately to Namibia. At the foot of the Magaliesberg Mountain Range, Rustenburg is only 50km from one of the country’s premier tourist resorts, Sun City, which in turn is adjacent to the 550km² Pilanesberg National Park and Game Reserve which has a small airport. Orbit TVET College has a campus in Rustenburg, Unisa has a regional office and the Agricultural Research Institute’s Industrial Crops Division is also located in the city. The Royal Bafokeng Sports Palace hosted five group matches in the 2010 World Cup. Platinum mining began in 1929 and has driven the city’s growth ever since. ■ 7 NORTH WEST BUSINESS 2023/24

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