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South Africa: Proposed SEZ can Attract Investors
Source: www.sanews.gov.za
Source Date: Friday, November 18, 2016
Focus: Internet Governance
Country: South Africa
Created: Nov 18, 2016

Successful implementation of the planning phase of the SEZ will benefit the local community significantly.
“Globally, approximately 68 million jobs are in firms located within SEZs, and Nkomazi SEZ can generate these much needed jobs for the locals. Skills transfer and integration of local firms in key value chains are some of the benefits that Nkomazi SEZ could bring,” said Molefane.
Molefane was speaking during the Mpumalanga leg of the Special Economic Zones national roadshow that was held by the dti in Malelane, Mpumalanga.
According to Molefane, what is needed for the earmarked agro-processing, mineral processing as well as logistics and trade hub to be successful and to develop faster is strong leadership and a focused approach.
He said while there is a need for strong leadership and focus for the fast tracking of industrialisation, there is also a need to integrate the value chain with neighbouring countries such as Mozambique and Swaziland.
Molefane said there is a need to ensure investors are attracted into the country, particularly in Nkomazi.
The department’s roadshows are aimed at unpacking key aspects of the SEZ Act which was passed into law in February 2016.
The SEZ programme seeks to unlock the country’s competitive and comparative advantages by promoting and facilitating the Foreign Direct Investment that is required in the establishment of critical industrial value-chains, as well as backward and forward linkages with the country’s regions.
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