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Northern Cape Business 2020/21 edition

  • Text
  • Development
  • Africa
  • Tourism
  • Sectors
  • Agriculture
  • Trade
  • Business
  • Investment
  • Infrastructure
  • Cape
  • Mining
  • African
  • Zinc
  • Kimberley
  • Province
  • Municipality
  • Economic
  • Northern
The 2020/21 edition of Northern Cape Business is the 10th issue of this highly successful publication that has, since its launch in 2009, established itself as the premier business and investment guide for the Northern Cape Province. Officially supported and used by the Northern Cape Department of Economic Development and Tourism, Northern Cape Business is unique as a business and investment guide that focuses exclusively on the province. In addition to comprehensive overviews of sectors of the economy, this publication has a particular focus on specific, packaged, investment opportunities. These include plans for the establishment of Special Economic Zones (SEZs) within the province, which have specific incentives designed to make investment into the Northern Cape even more attractive. The hi-tech exploits of astronomers and engineers in search of a landspeed record are the focus of an article on engineering sector while the rapidly expanding solar energy sector which continues to attract significant capital is discussed in some detail.

OVERVIEW the basis for

OVERVIEW the basis for an application to create a new Namakwa Special Economic Zone. An old zinc mine that produced a million tons of zinc and 430 000 tons of copper before it closed in 1991 is to be revived by Australian miner Orion Minerals. A bankable feasibility study was completed in June 2019 and it confirmed earlier positive findings. Good earnings Good prices for iron ore served Northern Cape mining companies well in 2019. Afrimat, a construction materials group which recently got into mining with the purchase of Demaneng mine, boosted overall earnings for FY 2018/19 on the back of this diversification strategy. Afrimat hit a record R3-billion in revenue. The company intends expanding into coal. Assore was another company to set a record, with its R6.4-billion in headline earnings (12 months to June 2019) being 25% better than the year before. This was despite small decreases in production and sales. Major expenditure on Gloria, Nchwaning and Black Rock has been underway for some time, with 93% of the latter expansion project spent. Kumba Iron Ore’s six-month earnings to June 2019 followed the same trajectory, with global prices and a weak rand mainly responsible. The company expected to produce between 42-million and 43-million tons but sell 44-million tons, drawing on reserves. The improved services of TFR, noted above, contributed to better sales. The National Youth Development Agency (NYDA), the provincial government and Mintek is collaborating on the Prieska Loxion Hub (PLH), which beneficiates Tiger’s Eye for jewellery and stonecutting products. Mining assets The Northern Cape Department of Economic Development and Tourism’s “Economic and Investment Profile” reports that the province is responsible for: • 95% of South Africa’s diamond output. • 97.6% of alluvial diamond mining. • 13.4% of world lead exports. Aggeneys, in the Namaqualand district produces approximately 93% of South Africa’s lead. • 80% of the world’s manganese resource. • 25% of the manganese used in the world. • 100% of South Africa’s Tiger’s Eyes. • Largest national production of sugilite (a semi-precious stone). Super-conductors, X-ray machines, nuclear batteries and PETscan detectors are just some of the technologies that rely on rare earth elements (REEs) such as promethium, thulium and holmium. China controls 95% of the world’s supply of REEs and the search is on for alternative sources. Two sites have attracted investors’ attention: Zandkopsdrift (Northern Cape) and in the adjoining province of the Western Cape, Steenkampskraal. Away from the underground kimberlite pipes and fissures, river and coastal deposits of diamonds are also present in the Northern Cape. Diamonds have been recovered along the Orange, Buffels, Spoeg, Horees, Groen, Doom and Swart rivers in the province, while coastal deposits have been found from the mouth of the Orange River to Lamberts Bay. Diamond mining company West Coast Resources (WCR) has a production plant at Michells Bay. Trans Hex, with a 40% shareholding in WCR, manages the mine and market the diamonds produced from it. The National Department of Trade, Industry and Competition (dtic) owns 20% of WCR. The Kimberley International Diamond and Jewellery Academy provides training with a total of 406 graduates having so far passed through the academy. In a recent development, De Beers Sightholder Sales South Africa awarded KIDJA an amount of R500 000 for bursaries. ■ Online Resources Minerals Council of South Africa: National Department of Mineral Resources: Northern Cape Department of Economic Development and Tourism: South African Mining Development Association: NORTHERN CAPE BUSINESS 2020/21 40

markets dependent on Small Medium Enterprise phase. Phase Title Timeline 3. Graduates/Exits SME Support Services Contract (GSSSC) Ad-Hoc contract CLIENT BUSINESS TECHNOLOGY INCUBATOR MODEL GRADUATE/EXITS SME SUPPORT SERVICES CONTRACT (GSSSC) PHASE 3 INCUBATION PHASE 2 SME PERFORMANCE PROGRESSIVE PROGRAM (ISPPP) 24MONTH CONTRACT PRE-INCUBATION PHASE 1 PROGRESSIVE DEVELOPMENT PLAN(PIPDP) 3-6MONTH CONTRACT RECRUITMENT CYCLE or volunteer services please email us on 25 Villiers Street, Kimberley, 8301 +27(0)53 831 1570

Other recent publications by Global Africa Network:

African Business 2020 edition
South African Business 2020 edition
KwaZulu-Natal Business 2020-21 edition
Northern Cape Business 2020/21 edition
Eastern Cape Business 2020 edition
Western Cape Business 2020 edition
Free State Business 2020 edition
Mpumalanga Business 2019/20 edition
Limpopo Business 2019-20 edition
Gauteng Business 2019-20 edition
KwaZulu-Natal Business 2019-20 edition
Northern Cape Business 2019/20 edition
Free State Business 2019 edition
Eastern Cape Business 2019 edition
North West Business 2019 edition
Western Cape Business 2019 edition
South African Business 2019 edition
Limpopo Business 2018-19 edition
Mpumalanga Business 2018-19 edition
Northern Cape Business 2018-19 edition
Gauteng Business 2018-19 edition
KwaZulu-Natal Business 2018-19 edition
Eastern Cape Business 2018 edition
North West Business 2018 edition
Western Cape Business 2018 edition
Free State Business 2018 edition
South African Business 2018 edition
Limpopo Business 2017-18 edition
Mpumalanga Business 2017-18 edition
Gauteng Business 2017-18 edition
KwaZulu-Natal Business 2017-18 edition
Northern Cape Business 2017-18 edition
North West Business 2017 edition
Free State Business 2017 edition
Eastern Cape Business 2017 edition
Western Cape Business 2017 edition
South African Business 2017 edition
Mpumalanga Business 2017 edition
Limpopo Business 2016-17 edition
KwaZulu-Natal Business 2016-17 edition
South African Business 2016 edition
Gauteng Business 2016 edition
Eastern Cape Business 2016 edition