Molepo Dam eyed for development?

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3. TOURISM : Tourism development at Molepo Dam
Opportunity An opportunity exists to create an attractive destination for tourists, around the Molepo Dam.
Nature of the Project It is proposed that the development will consist of:
• 40 bedroom lodge at 2-star level
• Conference Hall
• Restaurantt
• Shop
• Education Centre
• Campsite
• Water-based activities
Rationale for this venture The infrastructure around the dam is well developed as water and electricity readily available. There is also a recently tarred road leading to the dam.
Attractiveness Assessment The product that is offered in the Molepo development contains various elements such as:
• Accommodation facilities
• Conference centre
• Restaurant
• Kiosk and shop
• Education centre
• Water based activities.
There are 126 tourist accommodation establishments in Capricorn District, with the biggest proportion being hotels/motels (26.4%) and 3 star facilities (46.9%).
Opportunity Alignment Limpopo’s Tourism Growth Strategy identifies six priority tourism clusters to drive tourism growth in the province. The clusters are:
• Family and recreation
• Mega-conservation
• Safari and hunting
• Golf and game
• MICE (meeting, incentives, conference and events, or business tourism)
• Special interest.
Key Competitive Advantage The development at Molepo will attract tourists who travel along the R71 to the Magoebaskloof area. This route is also used to get to the northern parts of the Kruger National Park. It will provide 64% of the rooms in the market, however the target markets are different between the Molepo end the existing competitors.
Potential Economic Impact The Molepo Dam development is projected to require 50 employees. The project will therefore create job opportunities, promote entrepreneurship and encourage skills training of the labourers.
Investment Requirements The Molepo development is financially viable. The initial investment needed is projected at R13.5 million. Gross operating revenue is projected to reach over R11 million and profit projected at over R3 million by year five. The project has an ungeared, pre-tax IRR of 18.8%..
Linkages The approximate investment for the proposed project is set on R13.5 million (at 2008 prices).
Note: Molepo Dam and Sego Game Reserve can be undertaken as a single investment opportunity because of their close proximity to each other.

Contact Us
URBAN-ECON, PRETORIA
Danie van der Merwe
Tel: 012 342 8686
danie@urban-econ.com

Contact Us
Capricorn District Municipality
Ellen Mashakoe
Tel: 082 781 4768
mashakoee@cdm.org.za

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8 thoughts on “Molepo Dam eyed for development?

  1. I notice from the above that you have mentioned the economic impact. What studies have been done on the potential ecological impact of this development?

    1. Currently, we do not know of any study conducted to ascertain the feasibility of the project in as far as economic transformation is concerned. The lack of transparency on any studies is a serious concern. From where we sit, it appears no study has been undertaken and the company responsible for this proposal should be contacted to find out.

  2. I have a 1 year Hotel experience which i got under Birchwood in Gauteng. And i believe the project will give people like me an opportunity to get hired. How do i apply? Do i have to fax or email my documents? I am looking forward to hear from you soon.

      1. Bokangkatla Tourism and Hospitality company have business proposal towards the project since 2013, the project can be started early 2017 and Capricorn Municipality aware of that.

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