RESOLUTIONS OF THE LIMPOPO ECONOMIC SUMMIT “This province has extensive mineral resources. It has fertile soil and significant agricultural capabilities. And it lies between the industrial heartland of South Africa and the rest of the African continent. Limpopo has a unique opportunity to become a strategic export hub for Southern African road freight.” – Deputy President Cyril Ramaphosa
Deputy President Cyril Ramaphosa and Premier Stan Mathabatha
In line with the National Development Plan (NDP), the Limpopo Development Plan (LDP) aims to reduce poverty, inequality and unemployment. The development priorities it outlines are a blueprint for all sectors to ensure the transition to a vibrant, growing provincial economy which feeds into the national plan and Vision 2030. The objects of the LDP include the creation of employment and sustainable development for all the citizens of Limpopo - and it was to ensure the achievement of these objectives that the Limpopo Economic Summit held in Polokwane on 4 November 2016, focused on harnessing the full potential of the following growth drivers:
Mining Mineral beneficiation in the mining sector was defined as a major catalyst for the economy. To this end the establishment of a Limpopo Mining Forum was earmarked as a priority as well as the setting up of a task team to focus on illegal mining. For beneficiation to become a sustainable reality and grow the local economy it was noted that local businesses have to be included in the supply chain and provision of services.
Agriculture Agro processing and the establishment of AgriParks in the agricultural sector were seen as key to achieving an upswing in the provincial economy and the commensurate increase in job creation through the establishment of co-operatives and agri-related industries.
Industrialisation Growth in the mining sector and the establishment of Agri-Parks will result in increased industrialisation, the establishment of industrial parks, the encouragement of inward investment and flourishing of export potential.
Published on Dec 9, 2016
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