In highlighting the strategic importance of the Special Economic Zone (SEZ) programme, Dr Rob Davies – South African Minister for Trade and Industry, in his address in parliament emphasized SEZs as a “critical tool for attracting foreign direct investment, creating decent jobs, establishing new industrial centres as well as developing and improving infrastructure.”
For the Coega SEZ, drawing meaning to the statement is the ability to ensure the infrastructure on the ground translates to a significant impact in the lives of many workers currently employed at Coega.
The Coega SEZs key value proposition, amongst others, is the organisations ability to enable what it terms a – plug and play environment. This, the Coega Development Corporation (CDC) attains by ensuring the basic needs of both domestic and foreign direct investors are met.
“The CDC, through government has over the years ensured that it provides world class and purpose-built infrastructure to suit investor needs,” says Christopher Mashigo, CDC Executive Manager Business Development.
As validation of the CDCs offering, an independent study found that over ninety three percent (93%) of investors currently located in the Coega SEZ felt that Coega was the ideal location for industries. A further eighty four percent (84%) of those companies invested in the Coega SEZ reported an increase in profitability.
Amongst some of the reasons given by investors for locating at Coega is the SEZs proximity to the Port of Ngqura. The modern multi-user deep-water harbour