Limpopo Premier Dr Phophi Ramathuba is excited about the steady growth of the Province. Picture Credit: OTP
By Thulane Madalane
Polokwane: Premier Dr. Phophi Ramathuba expressed her excitement over Limpopo’s impressive economic growth, as revealed in the recent Statistics South Africa report. The province has distinguished itself as a leader in GDP contribution, establishing itself as a dynamic center for investment and development.
The report states: “The latest provincial gross domestic product (GDP) estimates provide insight into the current state of our regional economies, shedding light on the industries that drive production across the country.”
It further notes, “Limpopo, Gauteng and Western Cape registered the strongest growth rates. Limpopo expanded by 0.9%, mainly supported by the finance sector, including real estate and business services, along with personal services. Other contributing industries include utilities (electricity and water), transport and communication, government services, manufacturing, and trade. While agriculture, construction, and mining faced challenges, they did not hinder Limpopo’s overall positive growth,” observed Statistics South Africa.
Limpopo’s growth rate surpasses the national average of 0.5%. In light of this, Premier Dr. Ramathuba shared her optimism: “We are encouraged by the growth we achieved in 2024. Despite job losses in the second quarter, this growth offers hope for recovery. Now is the time to leverage other thriving sectors like agriculture and tourism to drive inclusive growth.”
Additionally, the Premier highlighted the booming property market as a key factor in this economic success. According to 2023 data from Statistics South Africa, over 95% of Limpopo’s dwellings are urbanized, generating increased interest in urban properties. Interestingly, rural areas are also witnessing property value rises, thanks to the emergence of trade centers, including shopping malls.
Recent insights from IOL reveal that Limpopo is rapidly becoming South Africa’s property hotspot, boasting the fastest house price growth in the nation, with residential prices soaring by 12.3% in May 2025—almost double the national average. This thriving property market is indicative of the province’s robust economic performance.
“These insights reinforce our invitation to investors to capitalise on the abundant opportunities in Limpopo. With the 5th Limpopo Investment Conference approaching on 30-31 October 2025, we are more poised than ever to showcase our province’s potential,” Dr. Ramathuba concluded.
