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BUSA CEO supports the Coega IDZ as best positioned to grow SA’s manufacturing sector

By Supplied - Jun 18, 2016
BUSA CEO supports the Coega IDZ as best positioned to grow SA’s manufacturing sector

The Coega Development Corporation (CDC) hosted the CEO of Business Unity South Africa (BUSA), Ms Khanyisile Kweyama this week as part of strengthening relationships with the business community.

BUSA represents many private sector organisations in South Africa including those listed on the Johannesburg Stock Exchange (JSE); the organisation play an important role as a voice of businesses in enabling business opportunities and environment for business growth. The Coega IDZ, as a leading catalyst for championing of socio-economic development in the Eastern Cape and South Africa is best positioned for the implementation of key national strategic projects particularly in the energy and maritime sectors.  Such key projects include: CCGT Power station, Aquaculture complex, Return Affluent, Nuclear  components manufacturing, and renewable energy projects to name but a few, worth in excess of R380bn,” says Dr Ayanda Vilakazi, CDC unit head marketing and communications.

“The Coega IDZ strategic location, adjacent to the deep water Port of Ngqura is key to the development of various sectors, i.e. Automotive, Agro-processing, Energy, BPO, Metals and Metallurgical, Maritime and Trade  to mention but a few. To this end, the Coega IDZ boasts some of the world’s leading manufacturing companies such as DCD Wind Towers, FAW, Dynamic Commodities, DEDISA Peaking Power Station and Coega Dairy,” adds Dr Vilakazi.

Ms Kweyama, who visited some of these key strategic investors located in the Coega IDZ as part of the grand tour of the Coega IDZ acknowledged the success of the CDC in developing these sectors. In her presentation to the local business community who accompanied her on a tour of the Coega IDZ, she saw the IDZ as a strategic industrial location for businesses who wish to grow.

“A lot of time investors look east or west for investment opportunities but I am pleased to see that the Coega IDZ has the capacity and infrastructure to attract investment from all over the world. So the message I will be sending out to potential investors is that they can look to the Coega IDZ as the location for manufacturing,” says Kweyama.

Furthermore she also highlighted that the CDC’s offering on the incentives should stimulate business growth in the IDZ, “I am delighted to hear about the various incentives the CDC offers as these are crucial for foreign direct investment.”

The BUSA CEO was accompanied by local business community, i.e. National African Federated Chamber of Commerce (NAFCOC), Black Management Forum (BMF), Vodacom, Old Mutual and the Uitenhage Dispatch Development Industry (UDDI) just to mention but a few.

The CDC is planning to host more stakeholder events of this nature in 2016 in order to create a conducive environment for the growth of businesses in the Eastern Cape.


Photo caption: CEO of BUSA, Khanyisile Kweyama presenting at Coega Development Corporation (CDC) on a Grand Tour of the Coega IDZ.