The Department of Trade, Industry and Competition (DTIC) has committed to resolving the challenges flagged by investors during a site visit to the Atlantis Special Economic Zone (SEZ), in the Western Cape, earlier this week, Deputy Minister Nomalungelo Gina says.
Major challenges faced by investors in the renewable energy sector that are located in the SEZ were highlighted during the visit, including concerns around policy uncertainty surrounding the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) and speeding up Bid Window 5 implementation, as well as local content manufacturing on designated steel products.
Gina assured the investors that government would respond urgently to the challenges raised by investors which continue to affect operationalisation of their businesses in the zone, the DTIC says.
“The Atlantis SEZ has a crucial role in improving local socioeconomic livelihood in the Atlantis community. Addressing the triple challenges of unemployment, poverty and inequality continue to be the priority of the government,” says Gina.
The focus of the Atlantis SEZ is to develop a world-class facility to attract renewable energy component manufacturers and suppliers in the Western Cape.
Atlantis SEZ CEO Dr Pierre Vogel gave a detailed presentation on the progress made to date on the implementation of the turnaround strategy for improving investment and development of critical infrastructure.
The SEZ is pivotal for the development of the renewable energy industry for the economic recovery of the Western Cape, the DTIC says.
“We remain committed to realising the immense potential of the green economy in the Western Cape through our continued support and promotion of the Atlantis SEZ. We look forward to working with the DTIC, the City of Cape Town, investors and the Atlantis businesses and community to ensure that the Atlantis SEZ reaches its full potential,” Western Cape Finance and Economic Opportunities Minister David Maynier says.