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In a media briefing held on Wednesday – 06 November 2024. North West Premier Lazarus Mokgosi laid out the province’s ambitious strategy to reduce unemployment through targeted economic growth initiatives. Central to this vision is the Premier’s Economic and Investment Advisory Council, tasked with steering the North West towards sustained development through the Provincial Growth and Development Strategy.
Premier Mokgosi announced that, to date, the province has attracted more than R10 billion in investments across various sectors. Key developments include the N14 Mixed Development project, as well as expansions in manufacturing and renewable energy—areas identified for their potential to generate significant employment and economic benefits for the province.
Highlighting the importance of international collaboration, Mokgosi revealed recent agreements aimed at fostering growth through global partnerships. A Memorandum of Understanding was signed with Henan province in China, and economic ties were renewed with Gyeongsangbuk-Do province in South Korea. These agreements are expected to open doors for new projects, trade opportunities, and knowledge exchange, positioning North West as an attractive investment destination.
“Our focus is on building a resilient economy that benefits the people of North West. These investments and partnerships are critical steps towards creating jobs and empowering our communities,” said Mokgosi. He expressed optimism about the role of international partnerships in driving local development, emphasizing the need for both private and public sector support to realize the province’s economic goals.
With a clear roadmap set by the Provincial Growth and Development Strategy, Premier Mokgosi aims to transform North West’s economic landscape, fostering an environment that supports job creation and sustainable growth across all sectors.
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