Trade and industry aims to double SEZ investments in 2019
Rob Davies wants the rand value of operational investments up to R23bn at its special economic zones
The department of trade and industry wants to double the value of investments in the country’s special economic zones (SEZs) to R23bn by the end of 2019, says trade and industry minister Rob Davies. The government uses SEZs as a hook to attract investment by offering a range of incentives, including reduced corporate tax rates and state-of-the-art infrastructure. According to the department, the SEZ programme has attracted 115 private companies with operational investments of R11.6bn from private investments leveraging off the R4.6bn of public investments. The SEZ programme has created more than 14,020 direct jobs, the department said on Tuesday. “Taking advantage of the tax-incentive package and the SEZ investment pipeline, the department’s target is to increase the number of investments into the zones and double the rand value of operational investments from R11.6bn to R23bn by the end of 2019,” Davies said. The department recently designated the Nkomazi SEZ in Mpumalanga, which i...
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