WILLIAM GUMEDE: Dysfunctional SEZs are a waste of public resources
Most of the special economic zones have been doomed from inception
09 November 2022 - 14:27
Many of SA’s special economic zones (SEZs) have failed for the same reasons the public sector and state-owned enterprises (SOEs) have failed: corruption, incompetence and ideology trumping reality.
SEZs are geographically demarcated areas governments dedicate to specific industrial development by giving fiscal incentives, regulatory exemptions and public infrastructure support that is not available to domestic sectors. ..
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