Limpopo will soon have a newly built City in the Sekhukhune district municipality, according to a report by Sunday World.
A Black-owned company, Ludo Investments, 500Y BPEBP as well as Tshehla Development Trust have formed a partnership for a world-class transformation project. They plan to develop a barren land along De Hoop Farm into a world-class transformation project to be developed into a megacity. According to the publication, the project will be built in the middle of the rural area located in Sekhukhune
NEW CITY TO BE BUILT IN SEKHUKHUNE DISTRICT
The new City will be known as the City of Tshehla.
CEO of the company Patrick Moraka said the project had been in the making for three years. Part of its objective was to focus on offering residential and business opportunities to address immediate demand from the already existing mining industry.
“We plan to address employment projects to uplift livelihoods. To provide unemployed citizens with new hope that life would change for communities,” Moraka told Sunday World.
The price tag attached to the Limpopo new city is in the region of R50-billion. The project has been described to be the next big thing since the discovery of platinum and chrome in the region.
Moraka said the investment company was eager to increase employment and ensure that members of the community would not have to travel long distances to work once the new city had been fully constructed.
Also read: Limpopo entrepreneur makes it to Forbes Africa 30 under 30 list
He said they were focused on offering residential opportunities to address immediate demand from the already existing mining industry. This includes a regional shopping mall, fast development residential and schools in the first phase, which is expected to be under construction for the next 10 years at a cost of at least R20-billion.
“This development will offer industry-specific residential investment opportunities,” he explained.
“Industries in the area are struggling with business sites for offices, workshops, and distribution centres.”
The second phase is expected to extend over a further 10-year period with a further R30-billion investment allocation. The 2000 hectares of land utilised for development include medical centres, retail facilities, residences, government institutions and auto-related industries.
Also read: Business as usual for Uhuru Cafe in Polokwane
“We also understand that the dam was designed to be a hydroplant. This gave us an idea that since there was 90% sunshine in this area. We look forward to this hydro-energy to power the new city,” said Moraka.
Tshehla Development Trust chairperson Tshehla Hlaodi told the same publication that the family was excited about the project and to have their land transformed into an attraction city.
“There is nothing of this sort in Limpopo. I am excited to announce this project as the first of its kind, run by black entrepreneurs who are geared to bring change. Create more opportunities for more emerging entrepreneurs out of this contemplated new city. It still looks like a forest for now, but a lot is to be done in the future. “I am really looking forward to economic transformation because I believe poverty will be eliminated.
“We have a shortage of health and education infrastructure. But all this will be a thing of the past when the projects begin to roll,” Hlaodi said.
