The Coega Development Corporation (CDC) has invested a further R30 million in emerging companies for the completion of various construction projects in the Coega Special Economic Zone (SEZ)
Nine small, medium and micro enterprises (SMMEs) in the Eastern Cape have been contracted to assist in completion of the following projects:
- The replacement of fencing in the Coega SEZ, which entails the removal of 11 kilometres of existing palisade fencing and its replacement with a more secure and durable system. This is due to be completed in August 2017.
- The construction of South Africa’s first factory to manufacture liquid petroleum gas cylinders for MM Engineering. Work on the factory started in May 2017 and is due to be completed by February 2018.
- Construction of the Custom Control Area administration block in Zone 1 (Logistics Cluster) in the Coega SEZ.
“As an empowerment-driven organisation, the CDC is conscious of the important role that the small business sector plays in unlocking economic growth in Nelson Mandela Bay and South Africa. Our dedicated SMME Unit was specifically established to support SMMEs, in line with our vision to be a catalyst for championing socio-economic development,” said Dr Ayanda Vilakazi, head of marketing and communications at the Coega Development Corporation.
Vilakazi pointed out that in the last financial year 2016/17, the CDC’s SMME procurement spend had been around 38% of the value of contracts managed by the company, amounting to R776 million.