East London and Coega IDZs to become Special Economic Zones in July 2016

JANUARY 16, 2015

The East London and Coega industrial development zones will become Special Economic Zone’s (SEZ) in July 2016. The Department of Trade and Industry states in its SEZ Performance Bulletin that the target date for converting the existing IDZs to SEZs is Monday July 20, 2016.

Becoming an SEZ will mean that East London and Coega will have access to a suite of incentives that have not been available to them in the past in their drive to secure investment.

Trade and Industry has set a number of targets it plans to meet in 2015 with regard to the SEZ programme. February 13 is the target date for the development of a national SEZ skills framework and plan.

By the same date, the department in-tends to develop and implement the SEZ marketing and communications strategy which is currently awaiting inputs from external consultants - getnews.co.za