Atlantis’s future looks brighter after it is declared a special economic zone
Government is encouraging companies to invest billions of rand in the area
A plan to make the Atlantis industrial area a special economic zone (SEZ) is fast becoming a reality following its gazetting by Trade and Industry Minister Rob Davies. Atlantis has for several years seen little economic activity‚ leading to widespread unemployment and poverty. But the City of Cape Town and the Western Cape provincial government are trying to change that. The area is being touted as a hub for the green economy and the government is encouraging companies to invest billions of rand in the area. In March Pegas Nonwovens committed to invest R1.3bn to build a new plant. In a joint media statement on Sunday‚ the provincial government welcomed Davies’s latest move. "The declaration of Atlantis as an SEZ is a declaration to the people of Atlantis and surrounding areas that government is serious about economic growth‚ social development‚ and job creation in the area‚" the statement read. In the statement‚ mayor Patricia de Lille called on residents to support the plan and sub...
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