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Having already attracted almost R1-billion in investment, Dube TradePort is officially open for business and is set to make the balmy KwaZulu-Natal province a global supply chain hub.
The designation of the Durban-based Dube TradePort as an industrial development zone opens up opportunities for the project to target local and foreign investment.
A special economic zone is to be established in the Rustenburg platinum belt in the North West to help develop industries that use the precious metal, such as jewellery, catalytic converters and fuel-cell technology, Trade and Industry Minister Rob Davies announced ​last week.
Investor confidence in South Africa's Coega Industrial Development Zone is growing, with six new investors committing to the IDZ in the second half of 2012, and new investments set to inject R1.7-billion into the Eastern Cape economy in 2012/13.
South Africa's Coega industrial development zone raked in R4.1-billion in new investments in 2011-12 while creating nearly 9 000 new jobs, the state-owned Coega Development Corporation says in its annual report.