R120b investment pledges sparks optimism in Limpopo
A conference held last week attracted over 400 delegates from across Africa and the world, aiming to draw critical investment opportunities to Limpopo.
POLOKWANE – The Premier, Dr Phophi Ramathuba has welcomed R120b in investment pledges made at the province’s fourth annual investment conference, sparking optimism for potential economic growth and a reduction in poverty and unemployment if these commitments are realised.
The conference, held last Thursday and Friday at The Ranch Resort, attracted over 400 delegates from across Africa and the world, aiming to draw critical investment opportunities to Limpopo.
“These pledges mark an essential step toward transforming Limpopo’s economic landscape. We are confident that these partnerships will deliver substantial benefits to the people of Limpopo, providing enhanced services and opportunities,” Ramathuba stated in her address.
The government has set ambitious economic growth targets to benefit the province’s residents, including a 2% increase in contribution to the national GDP, a reduction in the unemployment rate to 14%, and a decrease in poverty to 20%.
Following the conference, the provincial government shared that the pledged investments will focus on priority areas for Limpopo’s growth, such as green energy initiatives, essential infrastructure projects, and catalytic ventures that promote industrial development, including the establishment of industrial parks. These initiatives are expected to create a range of jobs, from short-term roles to permanent positions, significantly benefitting local communities.
“Implementation of these projects will begin on November 24, continuing through October 2025. This commitment from the business sector highlights strong support for the province’s seventh administration and its focus on sustainable development and economic resilience,” a statement by Provincial Government added.
