By OBAKENG MAJE
22 May 2025- The North West Premier, Lazarus Kagiso Mokgosi has applauded Harmony Gold for an investment of R1.5 billion at its Stilfontein Operations in Klerksdorp. Mokgosi, who was accompanied by the North West MEC for Finance, Kenetswe Mosenogi and acting Director General, Ndlela Kunene, lauded the mine for their investment initiatives and have urged them to support the Province’s Development Fund, which is primarily aimed at addressing infrastructure backlogs in the province.
Mokgosi further said the investment is a culmination of ongoing efforts to lure investments and address the scourge of unemployment afflicting the province. He added that, earlier this year, he met with the company’s Executive Management on the side-lines of the Africa Mining Indaba to discuss a number of issues relating to diversification, localization and SMME Development.
“The initiative, which will create several job opportunities for the people of the province, adds to R7 billion worth of investment by the mine in 2022, which includes an extension of Moab-Khotsong operations at Stilfontein.
“The investment gives credence to the government’s efforts of fostering partnerships with the various stakeholders to create an enabling environment for investment and job creation,” said Mokgosi.
He further said this forms part of a broader strategy by the government to encourage investments in the province. Mokgosi added that, he has no doubt that as more investments trickle in, several more job and business opportunities will be created and this will help reduce the high unemployment figures afflicting the province.
Meanwhile, the newly-appointed Chief Executive Officer (CEO), Beyers Nel, maintains that the renewable energy investment forms part of its long-term investment and diversification strategy. Nel said through their R7bn investment in 2022, they managed to preserve 6000 jobs for locals, extending the mine’s lifespan by 20 years.
“In 2020, we acquired Mine Waste Solutions leading to an investment of R2bn and we have created close to 2500 jobs, 7% of which are locals,” he said.
The Guardian 