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The Coega industrial development zone has contributed almost 15 000 jobs to Eastern Cape and has an investment value of nearly R3bn. It has huge potential to grow more entrepreneurs, placing it well for the country's plan to boost black industrialists.
The Coega Development Corporation, which runs the industrial development zone in Nelson Mandela Bay, has met all its requirements and has a Level 1 broad-based black economic empowerment status. It is also a value adding supplier, which boosts its clients' scorecard.
The Coega Development Corporation has announced plans to develop a R2-billion aqua-farming facility on 300 hectares of land at the Coega industrial development zone outside Port Elizabeth in the Eastern Cape.