Gauteng weighs incentives as it unveils two more special economic zones
The growth zones are a central pillar of Cyril Ramaphosa’s stimulus programme which has already attracted 115 companies with operational investments of R11.6bn
The Gauteng provincial government is proceeding with the establishment of two new special economic zones (SEZs) in addition to the small one at OR Tambo International Airport. One zone centred on the automotive industry — in particular the Ford and BMW plants — is envisaged for Tshwane and another based on platinum beneficiation is planned for Springs. Also under investigation is an SEZ in the Vaal Triangle area around Vereeniging. A feasibility study is being conducted, department of trade & industry director-general Lionel October said in an interview on Friday. The land for the SEZ in Tshwane has already been acquired — Ford is bringing in its suppliers, and a formal application for the establishment of the zone would be submitted in the next two weeks, he said. October said the provision of another crucial incentive in these zones — lower electricity prices — was under consideration as this was a key issue raised by investors as undermining their competitiveness. Investors are a...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.