Ludo Investments have embarked on a mission to develop a barren land along De Hoop Farm into a world class project to be developed into a megacity in the middle of the rural area located in the Sekhukhune district, Limpopo.
Patrick Moraka, the company’s CEO, said the project had been under the pipelines for 3 years. The main part objective of the project is to offer residential and business opportunities to address immediate demand from the already existing mining industry.
“We plan to address employment projects to uplift livelihoods and to provide unemployed citizens with new hope that life would change for communities,”
Moraka further added that the De Hoop Farm had been earmarked to be transformed into a new city which will be known as City of Tshehla, the project is estimated to cost somewhere in the range of R50 billion.
According to Moraka, the project is going to be the next big thing since the discovery of chrome and platinum in the region.
With this investment, Ludo Investments is eager to increase employment and ensure that community members would not have to travel long distances to work once the new city had been fully completed.
City of Tshehla will offer 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.
“This development will offer industry-specific residential investment opportunities. “Industries in the area are struggling with business sites for offices, workshops, and distribution centres,”
The second phase would extend over a further 10-year period, and the 2000 hectares land will be utilised for development to include retail facilities, medical centres, residence, auto related industries and government institutions.
“We also understand that the dam was designed to be a hydroplant and this gave us an idea that since there was 90% sunshine in this area, we can rely mostly on solar energy for businesses and homes purposes. “We look forward to this hydro-energy to power the new city,”
According to Tshehla Hlaodi, Tshehla Development Trust chairperson, his family was excited about the upcoming 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 bringing change, and 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,”
