Proposed SEZ in Mpumalanga has the potential to attract investors
Oct 10, 2016: The proposed Nkomazi Special Economic Zone (SEZ), in Mpumalanga, has the potential of attracting investors, said the Department of Trade and Industry.
According to the Director of Special Economic Zones and Economic Transformation at the department, MaotoMolefane, the proposed SEZ has the potential of developing at a rapid pace and attracting investors if all planning systems were complied with.
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 at the roadshow 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.