[South Africa] R50 Million launched for the revitalised Phuthaditjhaba Industrial Park
30-10-2018 07:28:00 | by: Pie Kamau | hits: 2485 | Tags:

The Deputy Minister of Trade and Industry, Mr. Bulelani Magwanishe and the Free State Member of the Executive Council for Economic, Ms. Limakatso Mahasa will officially launch the revitalized Phuthaditjhaba Industrial Park at the Phuthaditjhaba Multi-Purpose Center in QwaQwa on Tuesday, 30 October 2018 from 08:00 

The industrial park has been revitalized to the value of R50 million by  the end of the  Industrial Parks Revitalization Program.

The launch is a collaboration between the Department of Trade and Industry ( the dti), Department of Economic, Small Business Development, Tourism and Environmental Affairs (DESTEA), Free State Development Corporation (FDC), as well as the Thabo Mofutsanyane District and Maluti-a-Phofung Local Municipalities.

"The Industrial park is expected to boost the local economy and create jobs for members of the local communities. Significant milestones have been achieved through the implementation of the revitalization of state-owned industrial parks in order to promote the economic development and expansion of their economic development. growth, "says Magwanishe.

He adds that the program is also in-line with the department's economic transformation initiatives that are meaningfully involved in the mainstream economy.

The revitalization of the Phutaditjhaba comprised of the upgrading of the security infrastructure including fencing, street lighting, installation or tree gates, pedestrian gates, installation of CCTV cameras and control room, as well as the refurbishment of high mast lights.  

According to MEC Mahasa the revitalization of the Phutaditjhaba Industrial Park is a welcome initiative as it is in line with the province's efforts to attract new investors to the province's industrial parks and to the current tenants.

"This is the second industrial park that the dti  has revitalized in our province after the Botshabelo Industrial Park. The exercise will make our industrial parks attractive to both small and big businesses and will be upgraded. We want to see the occupational rate of our industrial parks as new tenants occupy them and expand their businesses. This is how we want to help the jobs in the communities where they are located, "says Mahasa. 

Issued jointly by the Department of Trade and Industry ( the Dti ) and Free State Economic Department, Small Business Development, Tourism and Environmental Affairs (DESTEA).