Page 2

MESSAGE

A commitment to inclusive growth CEO of the FDC Ikhraam Osman invites business people to explore the opportunities on offer in the Free State.

IKHRAAM OSMAN CEO, Free State Development Corporation

T

he recovery in agricultural output had been accompanied by increased consumer confidence. Adding to the good news, manufacturing output expanded in August for the first time in 2017. Both external and domestic as well as cyclical and structural factors have contributed to the slowdown in emerging markets. On average, external factors have been the main cause of the slowdown. Such factors have included weak global demand due to falling commodity prices. Export trade has been shifting towards emerging market economies such as China and India, with the advanced economies’ combined share of the overall export basket having declined. The rest of Africa has become one of the largest markets for South Africa’s merchandise exports, accounting for 27.8% of the overall export basket in 2016, up from a 25.4% FREE STATE BUSINESS 2018

share in 2010. The extent of South Africa’s trade concentration is higher at the sectoral level, but has also been improving. The manufacturing sector accounted for 60% of the merchandise export basket in 2016, compared to 57.1% in 2010. In line with Free State Growth & Development Strategy and the mandate of broadening access to economic opportunities to Free State-based business sector, the Free State Development Corporation will continue to unlock business opportunities for both local direct and foreign direct investors. This 2018-2019 Free State Business publication presents the Free State’s value proposition as a business and tourism destination. The province is open for business with the annual Macufe “Mangaung African Cultural Festival” that brings up to 150 000 travellers into the City of Roses, “Bloemfontein” as is commonly known. The “Tabalaza Initiative” which is a brainchild of MEC for Economics, Small Business, Tourism and Environmental Affairs, Dr Benny Malakoane, will continue to link start-up start up innovative business initiatives in the Free State with funding and mentoring support from established business. Key opportunities in the Free State includes the following:

A leading agricultural commodities producer presenting significant opportunities across the agro-processing value chain. • Mangaung Metro has announced a R100-billion infrastructure investment programme to unlock, business, retail, real estate and infrastructure development along the N8 Corridor. • A newly launched Special Economic Zone attracting investments in Food Processing, Manufacturing, Logistics and Beverages. • An attractive incentive package is available for manufacturing entrepreneurs that sign a minimum of five-year lease agreements. • The FDC in partnership with the dti is in a process of revitalising existing industrial parks and developing new ones. The FDC investment facilitation team can help you to explore www.fdc.co.za business opportunities in the Free State. •

Free State Business 2018  

Free State Business 2018 is the seventh edition of this highly successful publication that has since its launch in 2008 established itself a...

Free State Business 2018  

Free State Business 2018 is the seventh edition of this highly successful publication that has since its launch in 2008 established itself a...

Advertisement