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Coega Development Corporation

Dynamic Commodities situated in Zone 3 of the Coega SEZ.

Dr. Ayanda Vilakazi (PhD) Unit Head of Marketing, Brand and Communications

Discovery call cente situated at the BPO facility at the Coega SEZ.

30th July 2021

     

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Company Name & Focus Sectors:

Coega is pronounced ’koo-gha’ with a guttural sound forming the last syllable. Coega would have originally come from the Nguni word Khoekhoen which means ’ground water’. Nguni is a language group to which amaXhosa tribe belong to.

The isiXhosa word for Coega is Ngqura, and this is the name used for the adjacent Port of Ngqura, a deep-water port that adds to business investment opportunities offered by the Coega Special Economic Zone (SEZ). To pronounce Ngqura correctly, requires an ability to sound the click as used in the Xhosa language. To successfully achieve this, will likely require of you to travel to this most spectacular part of South Africa, where you are welcome to ask one of the many friendly amaXhosa people to teach you.

The Coega SEZ has been demarcated into 14 zones, with the focus on the following sectors:

Year of Formation and Background to Founding:

The Coega Development Corporation (CDC), established in 1999, is headquartered in the City of Gqeberha, Nelson Mandela Bay Municipality, South Africa, with a strategic operational footprint in South Africa and beyond the borders in the African continent. The CDC’s vision is to be the leading catalyst for the championing of socio-economic development. This it seeks to achieve through the development and operation of the 9 003 hectare Coega Special Economic Zone (SEZ), a transshipment hub and a leading investment destination in Africa, providing highly skilled competence and capacity for the execution of complex infrastructure and related projects throughout South Africa and selected markets on the African continent, and advisory on the development of industrialization and logistics zones.

The CDC’s advanced capabilities are successful enablers in economic zone development and management, real assets management, infrastructure planning and development, technology integration while realising related socio-economic impact areas such as skills and SMME development. The foundational culture of the CDC’s approach, backed by core values, is innovation and continuous improvement.

The Coega Development Corporation offers the following revenue generating products and services:

Current Shareholders:

The CDC’s Shareholder is the Eastern Cape Department of Economic Development, Environmental Affairs and Tourism (DEDEAT).

Number of People Employed:

As at 31 March 2021, the CDC employed a total of 439 employees.

Greatest Corporate Achievements:

As an internationally acclaimed and award winning organisation, Coega is the Number One SEZ in Africa in terms of investment promotion (and performance). It is among the Top seven SEZs in the world (the only one in Africa) that was earmarked by the World Bank and the London School of Economics as the successful model or case study for SEZ development. It was further recognised as the best SEZ in the developing countries by the former Vice President of the People’s Repblic of China, Dr. LI Yuanchao. As an important DTIC project in South Africa, the former Director General of the DTIC, Lionel October, said that “Coega is a flagship programme we are very proud of. It is effectively the best functioning and most successful SEZ in the country and also has world class management and corporate governance.” In 2018, the Coega SEZ was further congratulated by the President of the Republic of South Africa, His Excellency, Cyril Ramaphosa, for excellent achievements. Many other world leaders have congratulated the Coega SEZ for its achievements, including the British High Commissioner to South Africa, Nigel Casey, HE Mr.

Moreover, the CDC has received many local and international awards of excellence over the past 10 years. One amongst them is the 2019 Investor of the Year award that was received from the DTIC & sponsored by the Johannesburg Stock Exchange during the 6th Annual South African Premier Business Awards.

Key to the CDC’s success has been its ability to ensure that its stays ahead of the curve by focusing on key SEZ sectors for development.

Outlined below, are some of the projects the CDC is currently aggressively promoting:

Energy Sector

  • Gas to Power Programme – as part of the emergency energy supply by
  • government, the Minister for Mineral Resources and Energy, Gwede Mantashe, announced the Preferred Bidders for the Risk Mitigation IPP Procurement Programme (RMIPPPP). The CDC was successful in two projects, valued at more than R20 billion:
    • KarpowershipatCoega;andMuliloTotalCoegaLNGproject.Formore information, visit Coega energy offering: http://www.coega.com/ DataRepository/Documents/kcQQVyzxyTbZvm8uhwqwG2W2e. html
    • Dedisa Power Peaking Plant (Zone 13) – the 342MW Power Peaking Plant is a R3.5 billion Foreign Direct Investment. The project has been operational since September 2015 and created over 1490 jobs during its construction phase.
    • Wind Tower Manufacturing (Zone 3) – wind tower assembling plant R310 million investment located at the Coega SEZ. Created over 390 jobs during construction.
    • LayDownArea(Portprecinct/Zone1)–abnormalcargorelatedtothe country’s REIPPP programme (Logistics). This is a R9 million investment that has contributed to the distribution of wind turbines throughout the EC.
    • Electrawinds (Zone 6) – an investment valued at R1.2 billion wind turbine that powered the World Cup Stadium in Port Elizabeth during 2010 World Cup.

Agro-processing Sector

  • Dynamic Commodities - R61.5 million investment that has links to the citrus industry and produces ice sorbets for export market and has created more than 1400 operational jobs;
    • Dairy Group – an investment valued at R129 million made up of a consortium of farmers within the Eastern Cape. The group manufactures dairy products such as cheese and milk and employs more than 600 people.

Aquaculture Development Zone

The CDC has identified the unlocking of the Aquaculture Development Zone (ADZ) as an important intervention in diversifying and stabilising the economy. As a result, the organisation is undertaking various steps by putting in enabling infrastructure that would result in the attraction of investors in the sector. So far, the organisation has signed four Letter of Intent from investors who will be located at the zone. With the project, the organisation has identified 440 Ha in Zone 10 of the Coega SEZ with work having commenced in phase 1 of the project covering 110ha of land. The project will create more than 500 jobs with over 1000 operational jobs upstream & downstream.

Water Sector
The CDC is currently in the process of procurement preparing for a desalination plant that will ensure the sustainability of water supply within the drought-stricken Nelson Mandela Bay Municipality (NMBM). The 150ML a day plant will provide water to investors located within the SEZ and to the greater NMBM. The project is earmarked to be completed within 15 months upon commencement of construction.

BPO Sector
The CDC pioneered the establishment of the Business Processing Sector (BPO) in the Eastern Cape (EC) with investments from Discovery (R15 million) and WNS (R33.2 million) call centres. The organisation is now pursuing plans for a second phase of BPO project. Currently, both Discovery and WNS employ between them more than 2000 young graduates (men, women & persons with disabilities). The sector is a hub for job creation and youth employment.

Automotive Sector
The EC is renowned for the automotive sector with some top tier investments located in the province including – VWSA, Mercedes Benz, ISUZU, FAW (R600 million) & BAIC (R11.5 billion) to mention but a few. The sector has continued to be a success for Coega SEZ investors, with FAWSA recently announcing a roll-out of its 7000th assembled truck from their plant.

Hope for the Future:

The CDC’s Strategic Plan 2020 - 2025 is directly aligned to South African government’s priorities, geared toward economic development through the continued construction of enabling infrastructure to attract and secure investors into the Coega SEZ.

Furthermore, the Strategic Plan seeks to achieve three Impact Statements, i.e. Financial sustainability, increased strategic economic advantage for targeted industries, and increased economic opportunities for the marginalised.

Therefore, the focus is on improved investment attraction, retention of the current operational investors, improved customer satisfaction, and growth in the Non-SEZ portfolio- where Coega is the Infrastructure Implementing Agent of Choice in South Africa. It does this in order to enhance the state capacity to fast tract the delivery of infrastructure in the country. Moreover, Coega now provides advisory and consulting services to the rest of the African continent, including Zimbabwe, Central Africa Republic, to mention but a few.

However, access to capital is a key enabler for the achievement of the strategic outcomes of the CDC strategy. As a result, the organisation contnues to invite interested local and international organisations to contact the CDC for project investment opportunities as well as to locate their businesses and/or future expansions in the world-class Coega Special Economic Zone.

For more information, contact:

Dr. Ayanda Vilakazi (PhD)
Unit Head of Marketing, Brand and Communications E-mail: ayanda.vilakazi@coega.co.za
Telephone: 041 403 0464
Fax: 041 403 0401

Edited by Creamer Media Reporter

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