SOPA Key points: Limpopo has become a destination of choice for international investors

LIMPOPO – Limpopo Premier Stan Mathabatha delivers the State of the Province address today. Key points out of the Limpopo State of the Province address are as follows:

INTERNATIONAL INVESTMENTS:

• The first memorandum of Agreement was signed with Hong Kong Mining Exchange Company (Hoi Mor) for the establishment of South Africa Energy Meturlligical Base Project. This Project whose investment value is estimated at R38.8 billion, will be based in the Musina Special Economic Zone, and will create 19 000 direct jobs over a period of three years.

• South Africa’s Women Investment Holdings has entered into a joint venture agreement with Jidong Development Group and China Africa Development Fund for a R1.65 billion investment into cement manufacturing which will be based in Thabazimbi. The construction started in 2014 and is due to be completed next month.