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

Equites Property Fund to list on A2X

Jun 25, 2019
Equites Property Fund Limited has been approved for a secondary listing on A2X Markets…

Accelerate poised for growth with launch of Fourways Mall, Focus on shoppertaintment to differentiate the retail experience

Jun 20, 2019
JSE-listed Accelerate Property Fund today reported financial results for the year ended…

Emira’s Denver property is changing the warehousing game

Jun 20, 2019
Emira Property Fund’s refurbished warehouse facility superbly located in the popular…

McCormick Property Development Celebrates the Opening of Katale Square

Jun 29, 2019
McCormick Property Development celebrated the launch of its 66th development with the…

Growthpoint’s iconic 144 Oxford office development will be completed in October ‘19

Jun 20, 2019
 144 OXFORD 1
Growthpoint Properties’ multi-million-rand 144 Oxford Road development is set for…

Please publish modules in offcanvas position.