A CONSORTIUM of Chinese investors will operate the energy cluster of SA’s newly minted special economic zone in Limpopo.The Sino investors, led by the Hong Kong Mining Exchange, will shell out R40bn to, among other tasks, build a power plant at the Musina-Makhado special economic zone. An agro-processing and energy cluster as well as a logistics hub will make up the zone.Depart of Trade and Industry director-general Lionel October on Thursday said his was the first group of investors to enter one of SA’s special economic zones at the same time.The zones come with a suite of incentives designed to attract investment. These include a lower corporate tax rate and the waiver of duties on imports."Normally investors trickle in one at a time. In Coega, there is the Chinese group FAW. Then there is Samsung at the Dube Trade Port," said October.The department was also looking to capitalise on the Musina-Makhado zone’s location, which is SA’s major trade gateway into the rest of the continen...
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