Ricochet News

Coega to become SEZ in July 2016

Jan 7, 2015
Coega to become SEZ in July 2016

The Coega Industrial Development Zone will become a Special Economic Zone (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 Coega will have access to a suite of incentives that have not been available to it in the past in its drive to secure investment in the IDZ.

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 intends to develop and implement the SEZ marketing and communications strategy which is currently awaiting inputs from external consultants. - MetroMinutes


Photo courtesy of www.ethicore.co.za