Limpopo aligning development strategy to NDP

Posted On Friday, 21 February 2014 14:17 Published by
Rate this item
(0 votes)

The Limpopo Provincial Government is in the process of reviewing and aligning its growth and development strategy to the National Development Plan to put the province on a higher trajectory of economic development.

Stanley Mathabatha

This is according to Limpopo Premier Stanley Mathabatha, who delivered his State of the Province Address at the provincial Legislature on Thursday.

The provincial government developed its growth and development strategy in 1997 as a framework to guide the province towards unlocking the potential of the economic competitive advantages.

Limpopo economic growth and development is anchored around three major competitive advantages which are mining, agriculture and tourism. The province is also rich in mineral deposits such as platinum, chrome, coal, and diamond.

Premier Mathabatha said mining had been a major contributor to both provincial and national Gross Domestic Product (GDP), however, the challenge had been insufficient labour absorption capacity of this sector.

He said a lack of infrastructure, especially water, rail and roads was a major impediment in the development of this sector to full potential. Also, the sector was not doing well in both its secondary and tertiary economy, particularly beneficiation of its products.

"Investment in skills development and infrastructure delivery requires our collective effort for mining to add value to the development of the economy of the province.

To this end, we want to see mining houses adopting programmes in Further Education and Training (FET) Colleges or adopting the colleges themselves," he said.

The premier said the provincial government took solace in the decision by government to review the 'willing-buyer-willing-seller' approach to land reform and called on people to take advantage of the extension of land claim deadline

Most Popular

Impact of fuel price increase on commercial property

Jun 02, 2022
John Loos
It is well-known that the cumulative fuel price increase has added significantly to…

Fluxmans signs long lease with Growthpoint Properties for Illovo Corner offices

Jun 02, 2022
Illovo Corner
South African law firm Fluxmans has signed a long lease with Growthpoint Properties (JSE:…

Rebosis Property Fund bids farewell to Dr Anna Mokgokong, the founding independent non-executive director and chairperson

Jun 02, 2022
Rebosis Property Fund, a JSE listed real estate investment trust (REIT) with a…

Rebosis reports improved operational performance for six months to end February 2022; focus remains on portfolio optimisation

Jun 01, 2022
Otis Tshabalala Rebosis Property Fund
Rebosis Property Fund, a JSE listed real estate investment trust (REIT) with a…

Please publish modules in offcanvas position.