LimDev
- Address
-
Enterprise Development House, Main Road
Lebowakgomo
Limpopo 0737
South Africa - Ads
- Phone:
- (015) 633-4700
- Fax:
- (015) 633-4854
- Website:
- http://www.limdev.co.za
LimDev is a juristic person established in terms of the Northern Transvaal Development Corporation Act No. 5 of 1994 and operates as a Provincial Government Business Enterprise, entitled to make profit, as listed in schedule 3D of the Public Finance Management Act, Act No. 1 of 1999 (as amended by Act No. 29 of 1999).
LimDev's mandate is to provide development finance to Small, Micro and Medium Enterprises (SMME's) to stimulate the growth and development of the Limpopo economy.
The LimDev holding company has developed a structure consisting of various wholly owned subsidiaries and Strategic Business Units (SBU's) in order to meet its mandate in the most efficient and effective manner possible. LimDev will continue to grow its associations with various organisations and businesses, and will continue to invest in entities and areas that are relevant to the Enterprise's ability to meet its mandate.
LimDev is an investing company providing funding for its subsidiaries and SBU's, and expects to receive an average return on capital. The Enterprise reviews its expected return on investment annually.
To be a pre-eminent catalyst and partner in economic growth and empowerment in Limpopo. To establish and advance a sustainable SMME sector through the provision and facilitation of business and investment opportunities, by providing finance to SMMEs through SBU's and subsidiaries.