• CDC new investor pipeline “robust” despite technical recession and deteriorated global economic investment state
• Coega leading South Africa’s oceans economy through land-based aquaculture – new investments close to R1 billion from private sector
• New investments to create in excess of 2 000 jobs
The Coega Development Corporation (CDC), operator of the Coega Special Economic Zone (SEZ) in Nelson Mandela Bay, announced today that it has secured an additional 18 new investors in the 2018/19 financial year (FY).
The 18 new investors signed amounted to R2,6 billion in investments against a target of R693 million for the 2018/19 FY.
New signed investments committed to Coega’s aquaculture development zone represented the largest share of investments signed in the 2018/19 FY following an Environmental Impact Assessment (EIA) approval little over a year ago.
Investments for the CDC’s aquaculture development zone came in at R848 million and represented almost a third of the R2,6 billion investments secured.
The private sector aquaculture investment projects included an abalone farm and a land-based aquaculture farming facility.
In the metals sector, investments with a combined value of R760 million were signed which represented a third of the