Premier Dr Ramathuba celebrates Limpopo’s economic growth before Investment Conference

Premier Dr. Phophi Ramathuba is delighted to share the exciting news that Limpopo Province is showing excellent economic growth. A recent report from Statistics South Africa (Stats SA) highlights our province as a top performer in contributing to the country’s economy, making it an attractive place for investment and development. This positive update comes just before the 5th Limpopo Investment Conference, where we will showcase our province’s potential to investors.
Our economy grew by 0.9%, which is faster than the national average of 0.5%. This growth has been supported by strong performances in various sectors like finance, personal services, utilities, transport, and manufacturing. Even with some challenges in areas like agriculture and mining, our province has maintained a positive growth trend. We’re also seeing a booming property market, with significant increases in property values in both urban and rural areas.
Key details from the announcement
Here are the important details from the Premier’s statement:
- Place: Limpopo Province, Republic of South Africa.
- Key Person: Premier Dr. Phophi Ramathuba, who expressed optimism and celebrated the province’s economic achievements.
- Organisations involved: Limpopo Provincial Government, Statistics South Africa (Stats SA) which released the report on economic growth, and IOL, which reported on the property market.
- Important Event: The 5th Limpopo Investment Conference, scheduled for 30-31 October 2025.
- Media Enquiries Contacts: Ndavhe Ramakuela, Provincial Government Spokesperson (082 200 5357, [email protected]) and Thilivhali Muavha, Premier’s Spokesperson (066 011 7034, [email protected]).
Limpopo’s impressive economic journey
Limpopo Province is currently making great strides in its economic journey, standing out as a leader in growth across South Africa. The latest figures from Statistics South Africa show that our provincial economy grew by a strong 0.9% in 2024. This is a higher rate than the national average of 0.5%, which is fantastic news for everyone in the province.
This growth has been driven by several key industries. The finance sector, including real estate and various business services, has played a big part. Personal services, utilities like electricity and water, and transport and communication have also shown strong performances. Other sectors contributing to this positive trend include government services, manufacturing, and trade. While some areas like agriculture, construction, and mining faced challenges, these did not stop Limpopo’s overall economic progress.
Premier Dr. Phophi Ramathuba is particularly encouraged by these results. She believes that despite some job losses in the second quarter of 2024, this growth brings hope for recovery and stability. The focus now is to build on this success and further develop thriving sectors like agriculture and tourism to ensure that economic growth benefits everyone.
Another exciting development is the booming property market in Limpopo. Data from Statistics South Africa for 2023 showed that over 95% of homes in Limpopo are in urban areas, attracting a lot of interest. Even in rural areas, property values are going up, thanks to new shopping malls and other trade centres being built. Recent reports from IOL even call Limpopo South Africa’s property hotspot, with house prices increasing by 12.3% in May 2025, almost double the national average. This shows how strong our province’s economy really is.
These positive signs highlight the many opportunities available in Limpopo. This is why the province is preparing for the 5th Limpopo Investment Conference on 30-31 October 2025. This event will be a crucial platform to invite investors to see and participate in the abundant potential our province offers. You can find more information about the provincial government’s initiatives and developments at limpopo.gov.za.
The benefits of this economic growth for the community are significant. A growing economy often means more job opportunities, better services, and improved infrastructure. When property values increase, homeowners benefit, and new trade centres provide more options for shopping and entertainment, as well as creating local jobs. Communities can participate by supporting local businesses, investing in local opportunities if they can, and staying informed about the province’s development plans. For more news and updates from the Premier’s Office, you can visit Premier’s Office News.




