INVEST in the NORTH WEST North West Development Corporation
Total Page:16
File Type:pdf, Size:1020Kb
INVEST IN THE NORTH WEST North West Development Corporation The North West Development Corporation (NWDC) is an agency of the Provincial Government of the North West Province. It was established to plan, finance, coordinate, promote and carry out the economic development of the North West Province and its people. The NWDC focuses on the fields industry, commerce, finance, mining, tourism enterprise-related activities and other business resulting in wealth and job creation while taking cognisance of aims and objectives of the Reconstruction and Development Programme of the Republic of South Africa. It is listed as a Schedule 3D provincial government entity in terms of the PFMA of 1994, Act 01 of 1999. Vision Mission Our Values To be the cornerstone of promoting To contribute to the economic • Fairness trade, attracting investment, and growth and transformation of • Focus (Batho Pele) ensuring economic growth and the North West Province • Integrity transformation in the North West through industrial and • Diversity Province. commercial investment. • Accountability • Professionalism • Innovation • Customer-Oriented The NWDC's strategic thrust is to drive an inclusive strategy towards economic growth and transformation in the Province in line with the Provincial priorities. The NWDC's purpose is to contribute towards the growth and transformation of the economy by positioning the North West Province as a competitor in the SADC Region, Africa and the globe in investment attraction. The NWDC aims to demonstrate its leadership by implementing key programmes and providing support for the development of key sectors of the economy in line with the conventional economic and industrial policies of the Province. The NWDCs' mission is to contribute to the economic growth and transformation of the North West Province through: • Industrial development • Commercial investment • Property development and management • Development of sustainable enterprises; • Trade and investment attraction; and • Project management & implementation Key strategic programmes • SMMEs and corporative development (financial and non- financial support) • Project management services • Special Economic Zone (SEZ) • Property development and management • Mining • Agro processing • Tourism • Trade and Investment 02 Furthermore, an extensive range of services including property rentals, SMME development and CIPC registration remain at the heart of the NWDC's twelve branches situated across the North West province and surrounding areas. Among its basket of services, the NWDC is committed to assisting producers and manufacturers of exportable products to register on the NWDC database and grow to become export-ready. In doing so, the NWDC assists these exporters to identify and secure export markets and also facilitates international exposure through various platforms such as trade shows and international expos. Exporters can contact the NWDC to be listed on its provincial company database and get exposure to export markets, or gain advice for export certificates at SARS (contact our trade & investment office in Rustenburg on (014) 594 2570). Each branch offers a unique combination of the NWDC services. Snapshot of The North West Province & Why You Should Invest South Africa is strategically located at the southern point of Africa. South Africa is a promising economy to invest in with world-class infrastructure and accessibility. The positioning of the North West with respect to the rest of the country and the African market makes the region attractive to investors from both a national and continental perspective. Bordering Botswana, the province is ideally positioned to access the 14 countries comprising the SADC. The North West province of South Africa is ideally located as one of the gateways to the Southern African Development Community (SADC). The province benefits from the N4 Highway that connects the Walvis Bay Port in Namibia with the Maputo Port in Mozambique, running through the province. The North West offers easily-available skills and distribution channels imperative for agricultural commercial ventures and plays a significant role in the supply of energy, transport and communications to the African continent. Top 10 Positive Rankings for South Africa • Internet bandwidth (11) • Strength of investor protection (21) • Willingness to delegate authority (24) • Financing through local equity market (25) • Quality of air transport infrastructure (25) • Mobile cellular phone subscriptions (27) • Redundancy costs (labour market efficiency) (27) • Effectiveness of anti-monopoly policy (28) • University-industry collaboration in R&D (29) • Available airline seat kilometres (millions per week) (29) Source: WEF Global Competitiveness Rankings 2017/2018 03 North West Province Quick Facts Official Name: North West Province of South Africa Provincial Premier: Hon. Prof Job Mokgoro Capital City: Mahikeng Population: 3 845 626 (6,8% of South Africa) Area km²: 104 882 (8,6% of South Africa) Total GDP-R (ZAR): R 171 065 879 (5,5% of South Africa) Constant 2010 prices (R 1000): GDP GROWTH: Constant 2010 prices 1.4% NW and 1.3% SA GDP Per Capita (ZAR): R 53 332 Inflation: 5,3% ( Average 2017) STATSSA Unemployment Rate: 28,4% Principal Languages: Setswana, English, Afrikaans Major Cities & Towns: Rustenburg, Brits, Mahikeng, Tlokwe, Matlosana and Vryburg Airports: Mahikeng and Pilanesberg Rainfall: 400 - 700 mm per annum Infrastructure: Good road, rail and air network • Water • Electricity • Telecommunications • Residential & commercial space • Health care • Higher educational facilities • Convention and exhibition venues North West Export Partners: • United States of America 17% • Japan 13% • China 09% • United Kingdom 08% • Netherlands 08% • Mozambique 07% • Germany 07% • Botswana 07% • Italy 03% • Switzerland 03% North West Export Products: • 71 Pearls, precious or semi-precious stones, precious metals • 72 Iron and steel • 26 Ores, slag and ash • 28 Inorganic chemicals • 99 Other unclassified goods • 84 Nuclear reactors, boilers, machinery and mechanical appliances • 85 Electrical machinery and equipment and parts thereof • 10 Cereals • 08 Edible fruit and nuts; peel of citrus fruit or melons • 87 Vehicles and parts and accessories thereof 04 North West Import Products: • 72 Iron and steel • 84 Nuclear reactors, boilers, machinery and mechanical appliances • 10 Cereals • 85 Electrical machinery and equipment and parts thereof • 01 Live animals • 74 Copper and articles thereof • 39 Plastics and articles thereof • 87 Vehicles and parts and accessories thereof • 31 Fertilizers • 73 Articles of iron or steel South Africa North West Province North West as a % of South Africa Exports Value (ZAR): R 1 191 658 171 R 24 259 997 2,04% Imports Value (ZAR): R 1 094 510 375 R 6 623 924 0,61% Source: IHS Markit Regional eXplorer version 1479 The graph below indicates the contribution of the nine broad economic sectors to the Gross Value Add of the North West province compared to South Africa. The North West province has a clear competitive advantage with regards to mining compared to South Africa. Agriculture is another sector where the province dominates. Gross Value Added by Region (GVA-R), Board Economic Sectors (9 Sectors), Sector’s share of regional total (%) (2017) (Source: IHS Markit Regional Explorer 1479) 32.6% 23.5% 21.6% 20.2% 15% 13.2% 13.2% 11.8% 9.9% 8% 5.3% 6.6% 3.9% 3.7% 2.6% 3% 3.5% 2.5% AGRICULTURE MINING MANUFACTURING ELECTRICITY CONSTRUCTION TRADE TRANSPORT FINANCE COMMUNITY SERVICES 05 Key Economic Sectors of North West • Agriculture • Agro processing and general manufacturing • Mining and mineral beneficiation • Tourism • Green economy • ICT Agriculture The North West is considered to be an important contributor to the Southern African food basket with an estimated 43.9% of the province categorised as “arable“ land. More than 20% of South Africa's maize crop is produced in the province. Other agricultural products produced are livestock (cattle, poultry and game), sunflower seed and oil, nuts, citrus and tobacco. The North West province is also known for its' significant presence of game farms and lodges which attracts tourists and hunters. There are three distinct climate regions which allow a wide variety of agricultural activity. • Drier Western Region • Home to considerable cattle and game farming • Hunting • Central and southern parts • Dominated by maize and wheat farming • Production of cash crops • Eastern and north-eastern region • Receives a fair quantity of rainfall • Accommodates the cultivation of a variety of crops Agro-processing & General Manufacturing The establishment of Agro Industrial parks is one of the initiatives that the province is pursuing. These Agri-parks will include industrial and commercial facilities dedicated to production and business services, aimed at attracting new businesses and integrated infrastructure in one location. The parks will provide localised environmental controls that are specific to the needs of the industrial area. A world-class economy of scale abattoir, meat processing and packaging plant and cold storage facilities seek investment for the beneficiation of cattle. The beneficiation value chain will support the beneficiation of cattle hides through an economy of scale tannery, leather furniture manufacturing plant, leather apparel manufacturing and shared warehousing. The province also hosts manufacturing facilities that include automotive parts, non-metallic minerals, fabricated metals, food processing, soya protein