INVESTMENT DESTINATION
Green technology helps give Atlantis a positive spin
Mayoral committee member Suzette Little writes that the city is creating opportunities for an inclusive economy
One of the City of Cape Town’s strategic priorities over the next five years is to position Cape Town as a forward-looking globally competitive business city. To achieve and maintain this status, we need to improve its attractiveness as an investment destination. We are confident that our flagship project to have Atlantis declared a special economic zone (SEZ), with a particular focus on green technology manufacturing, will help us achieve this objective. The target date for the official SEZ designation is in the last quarter of 2017. Declaring Atlantis a SEZ will unlock further opportunities for businesses in green technology manufacturing, as investors will benefit from government incentives such as tax breaks. In addition, the recent R1.3bn investment by Pegas Nonwovens validates our assertion that Atlantis is open for business. The city council feels a great sense of gratitude and elation at this recent investment in Atlantis. Pegas, a world leader in manufacturing nonwoven fabr...
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