Limpopo Secures R120 Billion in Investment Pledges to Fuel Job Creation and Sustainable Development

“We extend our heartfelt thanks to the business sector and all industry leaders who have committed to uplifting our province,” Ramathuba stated.

Limpopo Premier Dr. Phophi Ramathuba announced a milestone R120 billion in pledges from the private sector during the province’s fourth annual investment conference, held last week in Polokwane. This significant commitment marks a major boost for the province's economic development, with pledges expected to fund green energy projects, infrastructure, and industrial growth, positioning Limpopo for long-term resilience and prosperity.

“We extend our heartfelt thanks to the business sector and all industry leaders who have committed to uplifting our province,” Ramathuba stated. “These pledges are an important step toward transforming Limpopo’s economic landscape. This partnership will bring substantial benefits to the people of Limpopo, providing them with enhanced services and opportunities.”

According to the provincial government, the pledged investments will target priority sectors, including renewable energy projects, transportation and road infrastructure, and the development of industrial parks. These projects align with Limpopo’s strategic focus on environmental sustainability, economic diversification, and job creation. The projects are expected to create thousands of jobs, ranging from short-term to full-time opportunities, which will significantly impact local communities and address high unemployment rates.

The provincial statement also outlined a clear implementation timeline. Funded projects are set to launch on November 24, 2024, and will roll out progressively until October 2025.

Additionally, the investment conference served as a platform for highlighting Limpopo’s unique potential for sustainable development, with new opportunities in agriculture, mining, and tourism receiving strong interest from both national and international investors. The R120 billion pledged will also include support for developing infrastructure, such as roads, water systems, and ICT, aimed at making Limpopo a more attractive destination for business and industry.

Ramathuba emphasized the broader vision of the Limpopo government: “The province's seventh administration is committed to economic resilience and sustainable development, with a strong emphasis on partnerships to realize these goals. Our collaboration with the private sector is integral to building an inclusive economy.”

The investment pledges reflect growing confidence in Limpopo’s development trajectory and reinforce the province’s standing as an emerging economic powerhouse in South Africa.