Limpopo steel deal launches special zone
The energy and metallurgical hub is expected to create 22,000 jobs
The energy and metallurgical cluster within the Musina-Makhado special economic zone (SEZ) in Limpopo has entered implementation phase with the signing of an operator agreement with Shenzhen Hoimor Resources Holdings Limited, which will operate and manage the cluster while investing $3.8bn (more than R40bn) in the complex. The cluster of industries is expected to produce high-grade steel for the domestic and export market and its manufacturing capacity will consist of power, coking, ferrochrome, pig iron, steel, stainless steel, lime plants and supporting facilities. At the signing ceremony on Friday, Musina-Makhado SEZ chairman Tshepo Phetla said the cluster would have spin-off effects for economic growth of the region and province. "This is one project I believe will revolutionise the province in terms of its quest to industrialise. We believe that this partnership with Shenzhen will take us far and will create 22,000 direct jobs," said Phetla in a statement issued by the Departme...
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