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Four reasons why investing in Brits is a great idea

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Four reasons why investing in Brits is a great idea

The North West has been dubbed 'The Platinum Province', as a result of the metal wealth it lays on. Also considered as the "Texas of South Africa", it is ideally situated between Botswana and the economic capital of Gauteng. Located in the province, in the Bojanala region, is the large town of Brits. Brits is surrounded by serenity and grandeur while being rich in agriculture and several heavy industries. The town is a thriving basket to put your eggs in as you watch them successfully hatch.

These are the four main lucrative industries in Brits:

Mining and manufacturing

The mines in the North West province produce 50% of the total platinum produced in the world. Brits is part of the Platinum Belt since 94% of the country's platinum is sourced from the Rustenburg and Brits districts. There is a large vanadium mine also located in the area. Northam Platinum Ltd. Eland, Bushveld Vametco Alloys (Pty) Ltd Nitrovan Vanadium, and Eastern Platinum are some of the major mining companies based in Brits. Jointly, employment along the Platinum Belt accounts for over a third of total employment in the province.

Fabricated metals, food and beverages, non-metallic metals, and mining-related engineering works are also big industries in the province. More specifically, the automotive and automotive-supply industries are very active in Brits. SEG Automotive, Platinum Trailers cc, as well as RG Brose Automotive Components (Pty.) Ltd. can be found in Brits. The town was once home to the Italian car manufacturer Alfa Romeo whose factory produced cars for the domestic market and export to Asia from 1974 to 1985. 

Investment in these avenues are highly encouraged. The Industrial Development Corporation (IDC) assists the province in expanding and maintaining the diversity of its manufacturing sector. 

Agriculture

While the North West is recognized as a major producer of maize, sunflower seeds, and many other agricultural products, Brits' fertile area boasts citrus, vegetable, and grain which are irrigated by the waters of the Hartbeespoort Dam.

Brits, along with Klerksdorp and Vryburg generates large-scale storage and logistics operations in the province.

Tourism

Brits offers tourists the chance to experience this beautiful town and attractions by staying over in one of its many accommodation options. Popular facilities in the area include bed and breakfasts, self-catering units, hotels, lodges, guest houses, and camping sites. 

Significant tourist attractions in Brits:

  • Carousel Entertainment Complex
  • De Wildt Cheetah and Wildlife Centre
  • Finfoot Lake Reserve
  • Magaliesberg Grain Corporation
  • Peace Tree (Battle of Crocodile River)
  • Rainbow Cultural Village
  • Tilodi Wilderness
  • Heritage Route

As a result of the many tourist attractions in Brits, investors have capitalized on the property available in the town. Investing in holiday lettings in Brits is a great option to increase income. Traditional tourism jobs in the North West are estimated to be more than 33 000.

Energy and the Green Economy

The North West province has a high potential for renewable energy opportunities. As a result of Brits being an extremely fertile agricultural area, this energy can be sourced biomass. Biomass energy can be generated from plants, such as corn, soy, or alien invasive plants, to name a few. The energy from these organisms can be burned to create heat or converted into electricity. Solar technologies can further assist rural areas and farms with off-grid energy. Technologies that contribute to energy efficiency are also in demand as 63% of the energy of the province is consumed for mining activities.

Brits has a very successful business community thanks to these four major activities in the area. If you are interested in being a part of the Platinum Belt, contact one of our friendly agents at RealNet Brits today.

Author RealNet
Published 02 Aug 2021 / Views -
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