Limpopo Premier welcomes R120bn in investment pledges

Limpopo Premier, Dr Phophi Ramathuba, has welcomed the R120 billion in pledges made at the province’s fourth investment conference. 

The conference was held last week in Polokwane.

“We extend our heartfelt thanks to the business sector and all industry leaders, who have partnered with us to uplift our province. 

“These pledges are an important step in transforming Limpopo’s economic landscape, and we are confident that this partnership will bring substantial benefits to the people of Limpopo, who need access to enhanced services and opportunities,” Ramathuba said. 

In a statement after the conference, the provincial government explained that the pledges will propel the province’s development goals.

“The pledged investments are aimed at fueling priority areas for Limpopo’s development, including green energy initiatives, critical infrastructure projects and catalytic ventures that will stimulate industrial growth and support the establishment of industrial parks. 

“These projects are expected to create numerous jobs, ranging from short-term positions to full-time employment opportunities, significantly impacting local communities.

“Implementation of projects funded by these pledges will commence on 24 November 2024 and continue through October 2025. This commitment from the business sector shows the strong support for the province’s seventh administration and its focus on sustainable development and economic resilience,” the statement read. – SAnews.gov.za