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Northern Cape Business 2024-25

  • Text
  • Ecotourism
  • Tourism
  • Southafrica
  • Northerncape
  • Energysecurity
  • Portdevelopment
  • Development
  • Investment
  • Industrial
  • Hydrogen
  • Grapes
  • Agriculture
  • Kimberley
  • Municipality
  • Province
  • Northern
  • Cape
  • Sector
  • Economic
  • Mining
The 2024/25 edition of Northern Cape Business is the 14th issue of this highly successful publication that has, since its launch in 2009, has 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 (DEDaT), Northern Cape Business is unique as a business and investment guide that focuses exclusively on the province. Specific investment projects are outlined in detail by DEDaT in this journal, covering opportunities in energy and mining, together with reports on dedicated investment zones. One of these new zones is on the Atlantic Ocean, a short distance north of Port Nolloth. The Northern Cape is almost uniquely qualified to play a lead role in the development of the country’s green hydrogen economy, given its bountiful resources of land, wind and sun. The blending together of an earlier idea to develop a deepwater port at Boegoebaai with the creation of a Special Economic Zone devoted to green hydrogen production is particularly exciting. With the year 2024 signalling the end of an election cycle, two special features in this edition focus on important elements of the brief of the public sector, namely education and infrastructure.

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he Northern Cape Economic Development Agency (NCEDA) is the host of the Northern Cape InvestSA One Stop Shop. The InvestSA One Stop Shop initiative is geared towards providing investors with services to fast-track projects and reduce government red tape when establishing a business. It is part of the government’s drive to become investor friendly by improving the business environment by lowering the cost of doing business as well as making the process easier. One Stop Shops house government entities such as the South African Revenue Service (to help with customs and tax), Home Affairs, Environmental Affairs, Eskom and the Companies and Intellectual Properties Commission under one roof. An investor can make an appointment, meet a government representative and be guided by the representative through the process of setting up a business. The One Stop Shops simplify administrative procedures for issuing business approvals, permits and licences and thereby remove bottlenecks that investors may face in establishing and running businesses. The offering includes, but is not limited to: • Providing an accessible entry point for investors in need of regulatory compliance. • Enhancing regulatory and legal processes. • Improving approval turnaround timeframes. • Providing information on incentives (tax, land, training, free trade zones, etc). • Providing pre-approval information (market data, costs, incentives, project approval, local partners, etc). • Providing post-approval information (facilitation of permit approvals, information relating to import of equipment and raw materials, central bank profit repatriation, etc) to investors. Contact details Mr Hendrik Louw, Acting CEO, NCEDA Address: DCS Office Block, Floor 1, 69 Memorial Road Kimberley, 8301 Tel: +27 87 086 0350 | +27 53 833 1503 Email: ceo@nceda.co.za | info@investsanc.co.za Website: www.investsanc.co.za Participating national government entities • InvestSA is a division of the South African Department of Trade, Industry and Competition (the dtic) • Business registry: Companies and Intellectual Property Commission (CIPC) • Tax authority: South African Revenue Service (SARS) • International Trade Administration Commission (ITAC) • National Regulator for Compulsory Specifications (NRCS) • Public electricity utility: Eskom • Municipal Infrastructure Support Agent (MISA) Visa facilitation Visa and permit applications can be made at Visa and Permit Facilitation Centres. Applications are then assessed by the Department of Home Affairs in Pretoria. Non-South Africans with a legal residency permit in South Africa can apply for a visa or permit at these centres. There are centres in every province. In the Northern Cape there is a facility in Kimberley. The South African government is reviewing its critical skills list as well as taking steps to make it easier for people who qualify to apply. The Northern Cape invitation The Northern Cape InvestSA One Stop Shop and NCEDA team can advise you on investment opportunities and assist investment and trade opportunities from the same offices. The Northern Cape team is committed and qualified to assist and guide you from concept to investment phase. We look forward to hearing from you and partnering with you to make your investment a success! ■ “The Northern Cape: A Modern, Growing and Successful Province” NC Business.indd 50 2022/06/01 13:03 THE GUIDE TO BUSINESS AND INVESTMENT IN THE NORTHERN CAPE PROVINCE CONTENTS Economic sectors Agriculture 32 Karoo lamb is officially protected. Grapes and wine 34 Northern Capers no longer have to travel to study viticulture. Mining 38 Copper is shining brightly. Energy 42 Beefing up the electricity grid is a priority. Engineering 52 Students are studying in Vietnam. Manufacturing 54 Concrete products plant reopens in De Aar. Banking and financial services 56 Northern Cape miners are listing on the JSE. ICT 57 Broadband infrastructure is expanding. Development finance and SMME support 58 The IDC is involved in multiple projects, small and large. Tourism 60 Country Hotels is expanding via a franchise model. References Key sector contents 30 Overviews of the main economic sectors of the Northern Cape. Northern Cape Local Government 62 A guide to district and local municipalities in the Northern Cape. Northern Cape Provincial Government 64 A guide to the provincial government departments of the Northern Cape. Fast-tracking projects and lowering the cost of doing business ABOUT THE COVER: From the top, then left to right: The Droogfontein Solar Power project, 20km from Kimberley, started commercial operations in 2014 (Globeleq); one of South Africa’s biggest wind projects, (Roggeveld Wind Farm); carpets of flowers (Northern Cape Tourism Authority); San rock engravings depicted on Moroka Hall at Sol Plaatje University (LihleEQ/ Wikimedia Commons). Augrabies Falls (NCTA); meerkat curiosity (NCTA); harvesting grapes (Raisins SA); giant truck at Kolomela Mine (Anglo American). T NORTHERN CAPE BUSINESS NORTHERN CAPE JOIN US ONLINE NORTHERN CAPE BUSINESS THE GUIDE TO BUSINESS AND INVESTMENT IN THE NORTHERN CAPE 2022/23 BUSINESS THE GUIDE TO BUSINESS AND INVESTMENT IN THE NORTHERN CAPE PROVINCE 2024/25 EDITION WWW.GLOBALAFRICANETWORK.COM | WWW.NORTHERNCAPEBUSINESS.CO.ZA JOIN US ONLINE WWW.GLOBALAFRICANETWORK.COM | WWW.NORTHERNCAPEBUSINESS.CO.ZA 2022/23 EDITION

NORTHERN CAPE PROVINCE South Africa ECONOMICS Gross Domestic Product Economic growth: 2013-2023 6 4 2 0 -2 -4 -6 -8 % R 152 bn Current prices Northern Cape 2012 2014 2016 2018 2020 2022 Economic growth annual % change 2.2% of national GDP National Total 2022-2023 10 year avg. Northern Cape 0.7% 0.8% National Total 1.9% 0.7% Sector composition Agriculture, 8% Mining, 20% Manufacturing, 4% Electricity, 4% Construction, 2% Trade, 12% Transport, 9% Finance, 14% Community services, 28% Top 10 sectors (GVA) - R billions 2023 2023 Mining of metal ores 25.16 Public administration and defence activities 14.41 Agriculture and hunting 10.32 Health and social work 9.65 Education 9.27 Finance and Insurance 8.54 Wholesale and commission trade 8.17 Other business activities 7.18 Post and telecommunication 5.76 Land and Water transport 5.43 All other smaller sectors 33.71 LABOUR MARKET Employment 347,000 number of jobs 2.1% of national employment Unemployment Jobs Primary 2023 share Created / lost since 2013 Agriculture 13.7% Mining 13.9% Secondary Manufacturing 4.2% Electricity 0.4% Construction 6.8% Tertiary Trade 16.2% Transport 3.4% Finance 10.3% Community 31.2% 11 000 3 140 7 260 Employment growth: 2013-2023 8 6 4 2 0 -2 -4 -6 -8 % Northern Cape National Total 2013 2016 2019 2022 Employment growth Annual % change % 25,3 32,6 Northern Cape National Total Informal employment 2023 - millions Northern Cape National Total Employees Informal % informal 0.35 0.03 9.2% 16.26 3.04 18.7% Northern Cape South Africa 7.0% 6.0% 2023 1.5% 1.2% 10-year avg Source: South Africa Regional eXplorer v2473. Northern Cape province, 2023

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