Coega boost for black industrialist plan
THE Coega Special Economic Zone (SEZ) in the Eastern Cape is walking the talk in stepping up the black industrialists.
It now counts at least 41 investors and the first of many industrialists in the pipeline with a R71m cement manufacturing facility in zone 5 of the Coega SEZ.
The industrial development zone (IDZ), which was established in 1999 and covers 115km² of land, is fast becoming a cash cow for the province and the country as it brings billions of rands into the economy.
Many multibillion-rand projects that started up there in the past decade are now making good profits.