Dube TradePort targets R8.6bn in investment
6 Nov 2019 - by
In line with President Cyril Ramaphosa’s five-year plan to mobilise R1.2tn in new investment, the Dube TradePort Special Economic Zone (SEZ) is targeting R8.6bn in investment at the new Dube TradeZone 2 – which is set for launch next year.
Speaking on the side-lines of the second South African Investment Conference in Sandton on Tuesday, Hamish Erskine, CEO of the SEZ, said the TradePort would work as a catalyst for economic growth throughout the country.
“The second South Africa Investment Conference sets out to showcase growth and investment prospects in the country and the 3000-hectare SEZ is one of these. The facility was established as a catalyst for economic development and job creation,” said Erskine.
To date the private sector has invested over R3bn at the TradePort, with a further R8.6bn expected over the next five years. The success of the fully subscribed Dube TradeZone 1 motivated the launch of the 45 hectares of industrial sites at Dube TradeZone 2. International cargo levels rose by a record 33% in 2019, according to Erskine. – Bjorn Vorster