Coega bullish about 2017

Grocott's Mail - - ECONOMIX - STAFF RE­PORTER

Ac­cord­ing to Sta­tis­tics South Africa (Stat­sSA), in the 2015/2016 fi­nan­cial year the Coega Devel­op­ment Cor­po­ra­tion con­trib­uted 0.15% to the Eastern Cape’s GDP and 0.42% to the Nel­son Man­dela Bay’s econ­omy.

In the cur­rent fi­nan­cial year (2016/17), the Cor­po­ra­tion is pro­ject­ing to build on that.

Dr Ayanda Vi­lakazi, Cor­po­ra­tion unit head mar­ket­ing and com­mu­ni­ca­tions, said the or­gan­i­sa­tion is op­ti­mistic that this year will once again high­light the Coega In­dus­trial Devel­op­ment Zone (IDZ) as a prime in­vest­ment des­ti­na­tion of choice.

In ad­di­tion the Cor­po­ra­tion is tak­ing on projects out­side of the IDZ through its in­fra­struc­ture devel­op­ment pro­gramme, ex­pe­dit­ing ser­vice de­liv­ery to South African cit­i­zens on be­half of the govern­ment.

There are six projects cur­rently un­der con­struc­tion within the IDZ, Vi­lakazi said. Five are ex­pected to be­come op­er­a­tional by end of the fi­nan­cial year 2016/17.

“Five hun­dred and fifty five (555) peo­ple are cur­rently con­tracted on the projects in the IDZ, 70% of whom are Nel­son Man­dela Bay-based res­i­dents, giv­ing cre­dence to our vi­sion to be­come the lead­ing cat­a­lyst for cham­pi­oning of the so­cio-eco­nomic growth,” Vi­lakazi said.

In the 2015/2016 pe­riod, CDC cre­ated 18 366 jobs (96 776 since in­cep­tion), through projects in the IDZ and its in­fra­struc­ture devel­op­ment pro­gramme, Vi­lakazi said.

In ad­di­tion, the CDC had 36 op­er­a­tional in­vestors with a com­bined in­vest­ment value of R6.609 bil­lion.

Some of the high­light projects within the IDZ for the year ahead in­clude:

• The con­struc­tion com­mence­ment of BAIC for a com­pletely knocked down (CKD) au­to­mo­tive man­u­fac­tur­ing plant in the Coega IDZ

• Im­ple­men­ta­tion of en­ergy re­lated projects such as the gas-to-power pro­gramme with 1000 MW of the power fa­cil­ity al­lo­cated to the IDZ.

This project is key for en­ergy se­cu­rity, di­ver­sity and so­cio-eco­nomic devel­op­ment.

Photo: Sup­plied

A Redisa tyre re­cy­cling plant is one of six projects cur­rently un­der con­struc­tion at the Coega IDZ.

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