Proposed SEZ in Mpumalanga has the potential to attract investors

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.

Related Posts

Turkish Cargo bags Ghana Shippers' 2017 Air Cargo Carrier of the Year award

Turkish Cargo bags Ghana Shipp ...

Jul 22, 2017: Turkish Cargo has been awarded the 'Air Cargo Carrier of the Year' by the Ghana Shippers Awards. "On year ...

New structure of Ethiopian Airlines Group to enhance customer experience

New structure of Ethiopian Air ...

Jul 22, 2017: Ethiopian Airlines Group has informed that the Ethiopian Government has decided to establish a new Aviation Holding ...

Turkish Cargo to carry fresh fish on Bodrum-Kuwait route

Turkish Cargo to carry fresh f ...

Jul 21, 2017: Turkish Cargo has added a new service point to its network for transporting fresh fish shipments.  With the aim ...

African fruit producers and exporters come together to launch AFFRUIBANA

African fruit producers and ex ...

Jul 21, 2017: AFRUIBANA, an association of fruit producers and exporters from Cameroon, the Ivory Coast and Ghana was officially l ...