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SEZ off to a sizzling start in 2021

Home Business Management SEZ off to a sizzling start in 2021

JUST one month into 2021 the Coega Development Corporation (CDC), developer and operator of the Coega Special Economic Zone (SEZ), says it has already signed four new investors.

CDC Head of Marketing, Brand and Communications Dr Ayanda Vilakazi said the combined value of the investments was estimated to be over R49 million and they were expected to create more than 100 new jobs.

He credited the achievement to dedication and hard work by internal and external CDC stakeholders “amid a very difficult operating environment”.

“Whilst operating in a difficult economic environment due to the COVID-19 pandemic, the CDC has retained its 45 current operational investors and also brought home new ones.”

Vilakazi said the Coega SEZ had focused on diversifying the economy through attracting investors from the multiple targeted investment sectors, such as the business process outsourcing, energy and automotive, to name

“The achievement of four new investors signed this year follows from the corporate performance results of last year 2019/20FY, where the CDC created a total number of 14,240 jobs comprising 5,934 construction jobs and a 8,306 accumulative operational jobs.

“In addition, last year the organisation signed 12 new investors valued at R719 million. Moreover, 6,591 people received training last year from the CDC, which includes those achieved through the Coega Development Foundation.

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