The North West Provincial Government says progress has been made in its efforts to commercialise provincial nature reserves as part of its Provincial Growth and Development Strategy.
Premier Lazarus Mokgosi says the province has secured investment commitments exceeding R420 million, with investors providing bank guarantees and proof of financial capacity.
The initiative will involve lease agreements and equity participation, aimed at ensuring benefits for host communities and traditional authorities.
Mokgosi says, “To date we have been able to attract investment commitments of over R420 million where investors have provided bank guarantees and proof of financial capacity.”
He adds, “The model will encapsulate lease agreements and equity participation where host communities and traditional authorities will benefit through lease income, equity participation, job creation, and enterprise opportunities.”
The provincial government says the programme is intended to boost economic activity while ensuring community participation in development projects.
North West aims to commercialise nature reserves
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