https://www.engineeringnews.co.za
Africa|Automotive|Building|Energy|Environment|Export|Freight|generation|Industrial|Logistics|Manufacturing|Service|Services|Technology|Tourism|Manufacturing |Environmental
Africa|Automotive|Building|Energy|Environment|Export|Freight|generation|Industrial|Logistics|Manufacturing|Service|Services|Technology|Tourism|Manufacturing |Environmental
africa|automotive|building|energy|environment|export|freight|generation|industrial|logistics|manufacturing|service|services|technology|tourism|manufacturing-industry-term|environmental

DTPC launches Dube TradeZone 2, attracts R1.8bn in private investment

Poulos Ngcobo - Dube TradePort deputy board chairperson;  Pearl Bhengu - iThala Development Finance Corporation; Siboniso Duma - KZN MEC for Economic Development, Tourism and Environmental Affairs; Mpumelelo Zikalala - Dube TradePort board chairperson; Hamish Erskine - Dube TradePort CEO; and Khanyisani Shandu - Trade and Investment KZN board chairperson

Poulos Ngcobo - Dube TradePort deputy board chairperson; Pearl Bhengu - iThala Development Finance Corporation; Siboniso Duma - KZN MEC for Economic Development, Tourism and Environmental Affairs; Mpumelelo Zikalala - Dube TradePort board chairperson; Hamish Erskine - Dube TradePort CEO; and Khanyisani Shandu - Trade and Investment KZN board chairperson

6th May 2024

By: Sabrina Jardim

Creamer Media Online Writer

     

Font size: - +

KwaZulu-Natal provincial entity Dube TradePort Corporation (DTPC) has launched its Dube TradeZone 2 – the second phase of the industrial precinct and special economic zone (SEZ) adjacent to the King Shaka International Airport.

Dube TradeZone 2 has, to date, attracted R1.8-billion in private-sector investment and this phase is expected to create 600 jobs within the next five years. 

The DTPC adds that Dube TradeZone 2 will target investors in the manufacturing and assembly, logistics and automotive sectors, while facilitating the planned expansion of a number of Phase 1-based enterprises.

The launch of the second phase of the TradeZone follows the successful implementation of Dube TradeZone 1, which is fully tenanted by 50 investors, including international companies such as Samsung, Mahindra, DHL, Chem Energy and PepsiCo-Futurelife.

To date, the DTPC says, the 26 ha TradeZone 1 has attracted more than R2.8-billion in private-sector investment from enterprises focused on air-related logistics, distribution and light manufacturing.

It includes the Dube TradeHouse, a dedicated facility for freight forwarders and shippers with airside access through an overhead conveyor airbridge to the adjacent Dube Cargo Terminal.

DTPC says Dube TradeZone 1 is home to notable exporters including Samsung, Yangtze Optics Africa, LM Diapers, Tufbag, Futurelife and Conlog, which service the sub-Saharan African market, as well as markets in Asia, Europe and the US.

In 2023/24, Dube TradePort tenants exported goods worth R610-million.

Dube TradeZone 2 opens up an additional 45 ha of industrial land for development and brings to market another 23 fully serviced sites, which range in size from 3 000 m² to 57 000 m².

Dube TradeZone 2 will include three Dube TradePort-owned warehouses, one of which will accommodate medium-sized businesses enabling the expansion of small businesses located in the mini-factories.

Speaking at the launch, DTPC board chair Mpumelelo Zikalala said that, despite the constrained economic environment over the past two years, DTPC had secured seven private-sector investors for Dube TradeZone 2 – four of which had begun building their facilities.

KwaZulu-Natal Department of Economic Development, Tourism and Environmental Affairs MEC Siboniso Duma welcomed the investment within the context of the national celebrations of 30 years of freedom and democracy.

He noted the establishment of SEZs as one of the achievements of a democratic government. He cited this investment as a clear indication that SEZs were instruments for job creation and economic development.

“As government, we are focusing on SEZs for a good reason. They are designed for specific developmental purposes, to develop export-orientated industries, attract foreign direct investment and technology transfer and achieve the generation of employment opportunities.

“The SEZs stand to be an effective instrument to resolve the disturbing levels of inequality, poverty and unemployment, which are strongly marked by spatial, racial, class and gender factors.

“In addition to job creation, SEZs are broadening the municipal revenue collection base to improve the quality of life in the municipal areas, as well as the quality of municipal services. This makes SEZs one of the key instruments for municipal economic growth and development,” Duma said.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (07/06/2024)
7th June 2024 By: Martin Creamer

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.303 0.357s - 145pq - 2rq
Subscribe Now