Coega Signs Partnership for the Development of Industrial Park in Free State
This article has been supplied as a media statement and is not written by Creamer Media. It may be available only for a limited time on this website.
Officialising The Partnership Between Cdc And LDA: (From Left) Bonginkosi Mthembu, CDC Executive Manager And Bafunani Mnguni, CEO Of LE Putswa Development Agency
The Coega Development Corporation (CDC) announced today that it has signed a Service Level Agreement (SLA) with Lejwe Le Putswa Development Agency (LDA), from the Lejwe Le Putswa District Municipality in Free State.
The partnership, which will see the CDC using its extensive expertise in project management, developing and managing special economic zones, assist LDA in developing projects such as the Thabong Industrial Park, Driver training program for youth, developing a synthetic gas project that will turn waste to gas for power generation etc.
The main project, development of Thabong Industrial Park, is a R69.7 million project aimed to formalise 19 businesses currently operating in the informal sector, creating employment opportunities for more than 160 people. The Industrial Park will enable emerging businesses to improve the quality standards of products in order to become more competitive, expand and create employment opportunities for local communities.
This is in line with the South African government initiatives for economic development and the transformation of various industries.
Mr Bafunani Mnguni, CEO of Le Putswa Development Agency, highlighted the importance of bringing in numerous investments in the area, and further expressed that “the district wants to diversify its economy from the shrinking mining and agricultural sectors. There needs to be more sectors that are introduced to increase economic development in the area that has seen a high unemployment rate,”
Enthusiastic about the collaboration of both organisations, CDC Executive Manager, Mr Bonginkosi Mthembu expressed how the CDC is thrilled to have such partnerships, “Coega boasts over twenty (20) years of experience in the industrial and economic development projects. The organisation has sufficient expertise and competent personnel who can assist LDA on projects.”
“The CDC is looking forward to work with the Lejwe Le Putswa Development Agency. This is a step taken by both parties towards bringing in investors and enhancing the region’s investment attraction, particularly the Free State Province,” adds Mthembu.
Alluding to sentiments shared by Mr Mthembu, the Head of Brand, Marketing and Communications, Dr Ayanda Vilakazi conveyed his appreciation as well to the Lejwe Le Putswa Development Agency for entrusting the CDC with such an important project for the Free State Province.
As the award winner of the 2019 Top Investor of the Year in South Africa and the leading SEZ on the Continent, the CDC has certainly earned the respect of the industry in the implementation of mega infrastructure and economic development projects in the country.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation