Nkomazi special economic zone to boost industrialisation in Mpumalanga
South Africa's 10th special economic zone (SEZ), recently designated at Nkomazi in Mpumalanga, is expected to boost the industrial development of the province, the department of trade and industry (dti) said on Tuesday.
The Nkomazi Special Economic Zone will be developed as an agro-processing hub, supported by logistics and other related services.
To date, the country's special economic zone (SEZ) programme has attracted 115 private companies and seen R11.6-billion worth of investments from private investments leveraging on R4.6 billion of public investments, while creating more than 14 020 direct jobs.
The programmes carries a reduced 15 percent corporate tax incentive, among other measures to encourage investment.
“Taking advantage of the tax incentive package and the SEZ investment pipeline, the dti target is to increase the number of investments into the zones, and double the rand value of operational investments from R11.6-billion to R23-billion by the end of 2019," trade and industry minister Rob Davies said.
Last month, President Cyril Ramaphosa launched the 124.5-hectare area, Atlantis zone in Western Cape province which is designated for green technologies including alternative waste management, energy efficient technology and alternative building material.
“The SEZ programme continues to be government’s priority industrial infrastructure programme aimed at developing new industrial hubs, attracting new foreign direct and domestic investments, contributing to the development of industrial capabilities and skills development, as well as creation of decent jobs," Davies said.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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