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    Home»Business»Botshabelo Industrial Park attracts investors
    Business

    Botshabelo Industrial Park attracts investors

    The Free StaterBy The Free StaterOctober 26, 2020No Comments3 Mins Read
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    UPGRADE UNDERWAY . . . Officials from the national Department of Trade, Industry and Competition chatting with some of the contractors at the Botshabelo Industrial Park
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    Staff Reporter

    The Botshabelo Industrial Park near Bloemfontein has attracted investments worth over half-a-billion rand following a revitalisation programme being rolled out by the Department of Trade, Industry and Competition (DTIC).

    Free State Development Corporation property manager Edgar Kgaile said this when he briefed a stakeholder delegation from the DTIC led by the deputy director-general of Spatial Industrial Development and Economic Transformation, Sipho Zikode and including representatives from the Development Bank of Southern Africa (DBSA) and the Free State Department of Economic, Small Business Development, Tourism and Environmental Affairs (DESTEA).

    In a statement, the DTIC said the upgrading of the park is part of its Revitalisation of Industrial Parks Programme which is being implemented throughout the country.

    It said the aim is to renovate state-owned industrial parks located in historically disadvantaged areas.

    “Since the completion of phase one of the revitalisation, the Botshabelo Industrial Park has welcomed 25 investors, investing a total amount of R201 million,” said Kgaile in the statement.

    “The total number of jobs created is 1 360. In the pipeline, we have six investors, one of them being Hangda Trading that will be investing R300 million in steel smelter construction and employing 2 000 people. The construction of the smelter has already begun,” he added.

    The first phase of the Botshabelo Industrial Park was approved for funding of R24 million and was the first industrial park to reach completion.

    The second phase was approved for almost R50 million and construction started in September last year and is expected to be completed in December 2020.

    The occupancy of the park has increased to 75.5 percent following the upgrade.

    “The revitalisation programme is envisaged to create more than 5 000 direct job opportunities as well as other indirect job opportunities in related areas such as transport, food and beverages, manufacturing, and the construction industry,” said Kgaile.

    “Out of the 144 factories we have in the park, 108 of them are occupied and operational.

    “The revitalisation project has completely changed the image of the park and the perception many businesspeople had about it.

    “We are continuously receiving inquiries from businesspeople that want to locate their businesses in the park.

    “The two phases of the upgrading of the park have made it attractive to investors.”

    Kgaile said stakeholders are already in discussions over the third phase which will include increasing the electrical capacity of the park in order to meet the growing demand.

    The DTIC said the objectives of the revitalisation programme include promoting industrialisation, attracting investments, increasing the occupancy rate of the parks, driving retention and expansion and addressing inequality.

    Zikode said the DTIC has invested R760 million in industrial parks across the country through the revitalisation programme since its inception in 2015.

    The revitalisation is implemented in phases with the first phase focusing on upgrading the security features.

    The Botshabelo Industrial Park will also house a state-of-the-art digital hub that has been funded to the tune of R5 million by the Small Enterprise Development Agency (SEDA), an agency of the Department of Small Business Development.

    SEDA is currently hosting activations and boot camps in Thaba Nchu, Botshabelo and Bloemfontein to create awareness about the digital hub and to identify young people who will receive training at the hub as part of developing entrepreneurs in innovation to equip them for the Fourth Industrial Revolution.

    The DTIC said it is in the process of establishing digital hubs in upgraded industrial parks in order to provide the youth and the unemployed population with access to information and communication technology, and other facilities that will move them closer to business and job opportunities.

    botshabelo Business development economy free state industry investment jobs
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