Investing in the Free State Province Investing in the Free State Province Dr Mbulelo Nokwequ, Head of Department at DESTEA, outlines some of the Free State’s Dr Mbulelo Nokwequ, Head of Department at DESTEA, outlines some of the unique selling propositions.
Free State’s unique selling propositions.
ree State Province is situated in the heart of South Africa and heborders Free State Province situated in theprovinces. heart of South Africa shares with Lesothois and six other It provides and shares borders with Lesotho and six other provinces. easy access to the main ports of Durban, East London and It provides easy access to the main ports of Durban, East Port Elizabeth. London and Port Elizabeth. The Free State is an attractive business and investment destination. The Free State is an attractive business and investment The province is at the centre of South Africa and the dominant sectors destination. The province is at the centre of South Africa and the are agriculture, mining, manufacturing and the tertiary sectors, making dominant economic sectors are agriculture, mining, manufacturing it ideal for transport logistics and agro-processing. and the tertiary sectors, making it ideal for transport logistics and Companies locating to Free State not only enjoy the opportunity to agro-processing. source inputs at competitive but also benefit from domestic, The Department has prices, developed a to Value Chains Economic regional and international markets for their products and services. Transformation Approach, which aims to place the economy on a Because Africa has recovery been engaging with our economically large path ofSouth reconstruction, and development post the Covid-19 trading partners, access tosound international marketswith is facilitated through pandemic. Maintaining relationships the private sector various trade preferences and free-trade agreements. ensures that government’s economic transformation agenda As far asonlong-term theresectors are industrial remains track. Theinvestment departmentisisconcerned, engaging with such as parks and adevelopers Special Economic that are supported by the property on issuesZone such (SEZ) as bulk services and the approval Department Trade, Industry and Competition. parks of plans. A ofdevelopment committee made up Industrial of government, aredevelopers, situated infinancing Maluti-A-Phofung, and Thaba institutionBotshabelo and municipalities willNchu. soon be established. SEZ is situated in Tshiame. Maluti-A-Phofung The Companies Free investment State not are only enjoyby: the Free State’s relocating strengths fortoinward boosted source trade inputs at foreign competitive prices, but also to • opportunity openness toto business, and investment from of domestic, regional and international markets for their • benefit abundance natural resources andrentals services. • products low factory Thereleading are industrial parks and a Special • Africa’s telecommunications networkEconomic Zone (SEZ) are supported by the developed Department of Trade, Industry and • that incentive packages uniquely for Special Economic Zones Industrial parks are situated in Maluti-A-Phofung, • Competition. incentives associated with the revitalised industrial parks Thaba Nchu. The Maluti-A-Phofung SEZ services is situatedforin • Botshabelo Free State and Development Corporation (FDC) support Tshiame, Harrismith. priority sectors such as agro-processing and manufacturing The Free State’s • a large labour poolstrengths for inward investment are boosted by: openness to business, trade and foreign investment • • diverse cultures • abundance of natural resources • competitive land and building cost • low factory rentals • world-class transport and telecommunications infrastructure • Africa’s leading telecommunications network • incentive packages uniquely developed for Special Economic Zones and industrial parks 7
• F ree State Development • an idyllic climate Corporation (FDC) support services forand priority sectors • recreational lifestyle such as agro-processing and facilities. manufacturing • a large labour pool Select investment opportunities • diverse cultures include: competitiveand landagroand building • • Agriculture costs. processing S e l e and c t property investment • Tourism opportunities developmentinclude: Agriculture agriprocessing • • Medical andand pharmaceutical • production t o u r i s m and a n ddistribution proper ty development • Manufacturing • medical and pharmaceutical • Renewable and clean energy production and distribution • Medical tourism. • manufacturing • renewable and clean energy and medical tourism. ■ FREE STATE BUSINESS 2020 FREE STATE BUSINESS 2021