The 103 ha Maluti-A-Phofung Special Economic Zone (MAP-SEZ), in Harrismith, in the Free State, forms an important part of government’s SEZ programme, which is aimed at ensuring excluded areas of the country are developed and enabled to contribute to the country’s economic growth.

Speaking at the launch of the SEZ, President Jacob Zuma said the SEZ was aimed at creating growth opportunities outside traditional manufacturing and industrial areas.

“We are doing this by promoting industrialisation and the development of township and rural economies,” he added.

He stated that government was fully committed to pursuing and implementing a programme of “radical economic transformation”, noting that one of the critical components of achieving transformation was the notion of a balanced regional economy, together with industrial development.

“South Africa’s economy continues to rely on the regional investor hubs in Gauteng, eThekwini, the Cape Peninsula and Pietermaritzburg. These regions collectively account for 70% of the nation’s gross value-added tax (VAT),” Zuma pointed out, stating that many other regions were completely neglected, resulting in their development potential being severely constrained.

He added that many of the excluded areas lacked the critical factors for long-term economic and industrial success and that the SEZ programme was an important catalyst that would allow these areas to contribute to the country’s economy.

“This launch demonstrates our promotion of industrial development, which is key to the nation’s long-term economic success and prosperity,” Zuma said.

He further noted that the SEZ, initiatives like it and the Department of Trade and Industry’s broader industrial parks initiatives were critical to efforts to radically transform the economy. He also noted that, to date, the SEZ programme had attracted over R9-billion in investment into the country.

Trade and Industry Minister Dr Rob Davies agreed that the SEZ programme was a critical tool for attracting foreign direct investment, creating decent jobs, establishing new industrial centres, and developing and improving existing infrastructure.

He stated that the SEZ programme had entered “full implementation phase”.