South Africa’s Special Economic Zones programme is attracting billions in foreign direct investment, says Trade and Industry Minister Rob Davies.
There are eight designated zones in the country namely Saldanha Bay in the Western Cape, Dube Trade Port and Richards Bay in KwaZulu-Natal, East London and Coega in the Eastern Cape, the soon-to-be launched Maluti-a-Phofung in the Free State, as well as the recently added Musina in Limpopo.
“The Musina-Makhado Special Economic Zone has been designated as the first zone under the new SEZ Act. It will be established in the Vhembe region in Limpopo and will focus on four major industrial clusters, which are energy and metallurgical, agro-processing, petro-chemical, and trade and logistics,” said the Minister.
The new zone has so far attracted investment interest from Chinese consortia. The total investment is currently estimated at approximately R56.9 billion.
“There has been a substantial increase in the number and value of secured but not yet operational investments. The total number increased from 47 to 72, while total value increased to R41.2 billion. At least 13 of these investments are expected to be operational within the next 12 months, as soon as infrastructure development is completed,” added Davies.