R132 billion investments set to boost economy of North West


Picture: The North West Premier, Bushy Maape

By OBAKENG MAJE

North West Premier, Bushy Maape said the investment pledges made during the investment dinner at Sun City Super Bowl in Rustenburg in September 2023, will boost the economy of the province. Maape said the province successfully secured 30 investment commitments to the value of R132.4 billion.

“Of the original 30 projects, 15 have been confirmed and are at different stages of readiness. These kinds of investments are set to rejuvenate the economy of the province and create much-needed jobs for locals.

“The North West Provincial Executive Council has during its meeting held on 29 November 2023, received a report on progress regarding the pledges made by investors. The confirmed projects have a total value of R45,398 billion,” he said.

Maape further said five projects are ready for implementation and will be rolled out in the next three months, while four projects will be ready in the next six to twelve months. He added that several more projects will be processed in the next two years.

“The Executive Council also received progress on the Bojanala Special Economic Zone (SEZ), which is envisaged to offer a diversity of industrial, business, and investment opportunities while transforming the region into a sustainable beneficiation hub for mineral and agro-processing as well as manufacturing.

“The SEZ is expected to create 100 construction sites and close to 1000 jobs in the next twelve months. Furthermore, the Executive Council reflected on the disturbing phenomenon of violence in schools, particularly instances where gangsters have been forcefully gaining entry into schools,” said Maape.

He said the Executive Council has resolved that a minimum of two security personnel be appointed through the Expanded Public Works Programme (EPWP) as an interim measure, while a lasting solution is being sought. Maape said the Executive Council expressed satisfaction at the rollout of the Accelerated Service Delivery Thuntsha Lerole Programme in various municipalities across the province.

“This week, the government will visit Ditsobotla Local Municipality to reinforce its ongoing commitments to address service delivery challenges confronting this municipality,” said Maape.

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