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Conference Brings Much-Needed Investments to Limpopo
BuaNews (Pretoria)

August 29, 2003 
Posted to the web August 29, 2003 

Dirk Nel
Pretoria 

The three day International Investor Conference in
Limpopo, which ended today with the signing of several
business agreements, has been hailed as a great
success.

'The event cost us R4.5 million, but the returns
exceeded all our expectations,' Finance MEC Thaba
Mufamadi MEC Mufamadi told a media briefing at the end
of the conference.

He pointed out that the turnout of 500 delegates,
including investors from the United States, Canada,
Italy, Norway, Germany, the United Kingdom,
Netherlands and Denmark, had given the province
outstanding international exposure.

Mr Mufamadi said mining; tourism and agriculture had
attracted lively interest from the 70 major investors
who attended the conference.

Earlier, one of the conference speakers, Jenny Cargill
of Business Map, said the province had the potential
to attract R15-billion in mining investments alone, of
which R5-billion could be injected into Black Economic
Empowerment, through job creation and training
initiatives.

The establishment of a R476-million sugar mill in the
Lower Blyde River area, which will provide 7 000 jobs,
was finalised today, when the main principals signed
an agreement.

In addition, a Norwegian-based company signed a
Memorandum of Understanding with Trade and Investment
Limpopo (TIL) to set up a R105-million fruit and
vegetable processing plant.

The Africa-USA Chamber of Commerce and Industry signed
an agreement, which will bring an investment of 250
million dollars to the province, in the form of health
services, and improvements to the Polokwane
International Airport.

Limpopo Premier Ngoako Ramatlhodi received a special
award from the Chamber, for his efforts in securing
foreign trade and investment for the province.