Region
North West
South Africa

Sector
Infrastructure

Summary:

The Marikana development in the North West will seek to establish new commercial and community infrastructure, services and housing in the region.

Contact
Refilwe Tlhabanyane

Email
refilwe@inw.org.za

Tel
+27 14 594 2570

Project description:

Large scale, mixed income, integrated development including:

• 20 000 houses of various types to be developed in the next 10 years
• Land zoned for light industrial development (+/- 105 hectares)
• Social amenities & commercial development opportunities
• A proposed Central Business District (CBD) upgrade and expansion of Urban Management & Community Development Programme

Location:

Marikana is situated in the North West Province, 25 km to the East of Rustenburg, close to the N4 connecting Rustenburg and Pretoria.

Project rationale:

Marikana has become a receptacle for rapid growth and urbanisation mainly as a result of mining activities, in particular platinum mining. The land surrounding Marikana is home to the third largest platinum mine compound in the world.

Marikana is an obvious and ideal location to accommodate the growing need for commercial and community infrastructure, services and housing in the region.

Marikana is located between two major urban nodes - Brits and Rustenburg, straddling several large mines, along a railway line and the N4 (Platinum Highway) that connects Rustenburg to Pretoria. Marikana has retail (78 businesses in the CBD) and social facilities such as churches, schools, community centre, police station, etc.

ALSA Develops Marikana Pty Ltd was established as a project specific entity for the development of Marikana. The company has purchased approximately 260ha of land in Marikana for this development.

Development goals and objectives:

The Marikana development will be a well managed, integrated, mixed-use and inclusive development providing a high level of urban amenity and access to services and economic opportunities for its residents and users.

The development will be sustainable, providing resource efficient solutions to housing delivery and minimising the carbon footprint of the development by providing a healthy and safe living environment.

With a primary focus on residential development, the Marikana Development will provide housing in the subsidised, social rental, affordable and middle income market.

Building on the mining base, the area will seek to diversify its economy through the creation of manufacturing supplier parks and the development of major new urban node providing a regional services, retail, and business tourism centre.

Effectively, it is the development of a new town.

Project Value:

• Extension 6 (5,700 units): R1.7-billion
• Of which phase 1 (1,600 units): R680-million
• CBD upgrade and expansion: R2-billion
• Of which, light industrial development: R1.2-billion

Funding requirements:

• Extension 6 (5,700 units): R1.74-billion - Of which phase 1 (1,600 units): R 690-million
• CBD upgrade and expansion: R2-billion - Of which, light industrial development: R1.2 billion
• Urban Management & community programmes: R11-million per year for 15,200 houses

Return on investment projections:

• 15 - 25 %

Joint venture partnership requirements:

• Strategic investment partners for end-user finance
• Strategic investment partners for equity stake in the various projects
• Strategic development partners for housing, commercial and social projects
• Memorandum of understanding with various involved ministries

For more information about this and other investment opportunities in the North West province, please contact the Manager of Trade and Investment Promotion at Invest North West, Refilwe Tlhabanyane.

Email: refilwe@inw.org.za
tel: +27 14 594 2570