North West

NORTH WEST

Since the Industrial Development Corporation’s (IDC) North West regional office opening in 2008, it has invested R6.2 billion in the province.

 

In the past four years (up to the 2013/14 financial year), the IDC has approved R4.9 billion to 38 companies in the North West, creating 24 998 direct jobs in the mining, agriculture, manufacturing and tourism sectors.

 

The IDC’s presence certainly made an impact in the province. The North West’s growth domestic product (GDP), heavily based on mining gold, platinum and chrome, had exceeded the South African rate in the first quarter of 2013, standing at 3.5% compared to the nation’s quarterly average of 0.9%.

 

The province’s growth rate was a vast improvement on its 2012 fourth quarter figure, 0.2%. Rustenburg had experienced a GDP rate of 10% for five consecutive years before the mining strikes began in 2012. The province has an economy twice the size of neighbouring Botswana, and almost as strong as Kenya’s.

 

The North West regional office is now looking to broaden its focus to include tourism. With Pilanesberg and Sun City increasingly attracting local and international tourists, and the provincial government planning to redevelop the N18 route through Taung, the IDC is looking to tap into an industry it believes has the potential to grow.

Estelle Solomans

Estelle Solomans

Regional manager

Physical Address:

1st Floor,
Sunetco Building,
32B Heystek Street,
Rustenburg

 

Postal Address

Postnet Suite 290,
Private Bag X82245,
Rustenburg, 0030

 

Tel: 014 591 9660/1
Fax: 014 592 4485

CASE STUDIES

CEO REGIONAL ROADSHOW

The CEO Regional Roadshow got underway in North West on 11 August 2016. Download the supplement for the event in PDF format.

SOS SEEKS STABILITY

Factory fires, loss of supply, strikes, skills drain – SOS Tool & Die has had a rough few years. But it is sitting out the storm with its eye on the future. It is positive that the season will pass and things will stabilise.

BISCUIT MAKER STOPS THE BLEED

The global recession, coupled with an uncompetitive business model, almost forced Prima Bake to switch off its ovens and close its doors. But some tough changes are being made and recovery is in sight.

GALLERY

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