Special Economic Zones Programme important to SA’s economic development - President Zuma
The President Jacob Zuma says the Special Economic Zones (SEZ) Programme is important to South Africa’s economic development goals. President Zuma was speaking at the launch of the Maluti-A-Phofung SEZ in Harrismith, Free State today
“The Special Economic Zones Programme is important to our economic development goals. It is also critical to our efforts of radically transforming our economy. Through SEZ Programme, South Africa also continues to play an important role in the attraction of foreign and domestic direct investment into the economy,” said President Zuma
He added that the government already attracted over R9 billion worth of investments in all designated SEZs across the country through the SEZ Programme.
“The launch of the Maluti-a-Phofung Special Economic Zone should also remind us of the importance of strong partnerships between the public and private sectors. Government understands and appreciates the role of the private sector as an investor, innovator, trader, creator of jobs, and so on, and understands what the private sector requires to prosper and compete globally.
Government is also willing to play its part as a reliable, supportive and responsive partner,” said President Zuma.
He emphasised that it was for this reason that government introduced the SEZ Programme, launched the One Stop Shop through Invest South Africa, works to improve energy security, revitalises the old industrial parks, and continues to implement many other critical initiatives.
The Minister of Trade and Industry, Dr Rob Davies said both the National Development Plan and IPAP have put industrial development at the centre of South Africa’s industrial development efforts.
“We learnt that all countries that have moved from being poor and underdeveloped to being rich and developed have passed through the face of moving from dependence on primary commodity production and export to the production of value-added products through industrialisation.
This is the only path that is compatible with the pursuit of our developmental and radical economic transformation goals in order to achieve greater inclusion and involvement of historically disadvantaged people in positions of leadership in our economy,” said Minister Davies.
He added that the country’s eight active SEZs have created over 10 000 direct and 65 000 indirect jobs. The Maluti-A-Phofung SEZ, he said was currently pursuing an investment pipeline of R2.6 billion.
The Premier of the Free State, Mr Ace Magashule said the MAP SEZ will transform Harrismith into a more vibrant area as a result of the jobs that will be created and the infrastructure development that was already taking place in the area.
The primary focus of the MAP SEZ will initially be to act as a logistics hub to take advantage of its strategic location on the Durban to Johannesburg. Its existing road and rail links positions it ideally to service goods flowing to and from the Durban port, and to add value in logistics systems.
The SEZ plans to benefit by relieving some of the pressures on the Durban port, by offering alternate storage, staging, packaging and agglomeration services to major users. The confluence of major road and rail systems also creates the opportunity to offer an inter-modal transfer point that could relieve some of the current road congestion on this route.
Enquiries:
Sidwell Medupe
Tel: 012 394 1650
Cell: 079 492 1774
E-mail: MSMedupe@thedti.gov.za
