INVESTMENT DESTINATION OF CHOICE: Ariel view of zone 1 and 2 of the Coega IDZ, adjacent to the Port of Ngqura.
Coega’s forecast for the current financial year 2016/17 is to finish the year well ahead of targets in terms of new investors – proving that South Africa and the Eastern Cape remain the preferred investment destinations even in difficult economic times, says Dr Ayanda Vilakazi, Head of Marketing and Communications at the Coega Development Corporation (CDC).
Since April 2016, the CDC has signed 13 new investors against a target of 7 – 186% ahead of target. This would bring the investment value for the current financial year to R11,817 billion – 1 032% ahead of the target of R1,145 billion.
“Not only will