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Globalisation is upon us and South Africa is ensuring readiness by adopting what is called Specialised Economic Zones (SEZ). According to Investopedia, an SEZ...
The designation of special economic zones (SEZs) will support a broader-based industrialisation growth path in South Africa, Trade and Industry Minister Rob Davies said as he tabled the SEZ Bill before the National Council of Provinces in Cape Town on Tuesday.
South Africa's Department of Trade and Industry has identified 10 potential Special Economic Zones countrywide, and will soon be conducting feasibility studies to determine their viability, says Trade and Industry Minister Rob Davies.
The Department of Trade and Industry is set to partner with the Limpopo government to establish two Special Economic Zones in the province, one focusing on logistics and coal beneficiation, the other on platinum beneficiation.
South Africa is looking to boost job creation and industrialisation in its outlying areas through Special Economic Zones that will include a focus on innovation and regional development in areas such as science parks, industrial parks and sector development zones.