6 new developments which will create more than 5,000 jobs in South Africa
Deputy Minister of Trade, Industry and Competition, Nomalungelo Gina, says that the government’s Special Economic Zones (SEZ) programme has continued to prove successful, with a number of developments expected to create more than 5,000 jobs in the country.
In a statement on Tuesday (13 April), the deputy minister said that the programme has managed to attract a significant number of investors.
“This has seen the value of operational investments increasing from R17.7 billion by the end of the third quarter of the 2019-2020 financial year to R19.5 billion by the end of the third quarter of 2020-2021 financial year.
“This is a positive increase of R1.8 billion. During the same period, the number of investments has increased from 129 to 143,” she said.
Gina said that the purpose of the SEZ programme is to attract foreign and domestic investments, increase the number and value of exported products, accelerate the development of industrial infrastructure, help accelerate the beneficiation of the country’s resource endowments, and create decent jobs.
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