CDC ex­tends its mar­ket be­yond SA

Daily News - - BR MONEY - | Staff Re­porter

THE COEGA De­vel­op­ment Cor­po­ra­tion ( CDC), which op­er­ates the 9 003 hectare Coega Special Eco­nomic Zone ( SEZ), said yes­ter­day it had ex­tended its mar­ket of­fer­ing be­yond South Africa into Zim­babwe, Cameroon, Cen­tral African Repub­lic and Demo­cratic Repub­lic of Congo un­der the Coega Africa Pro­gramme ( CAP).

In Zim­babwe, the CDC was pro­vid­ing con­sult­ing ser­vices to de­velop the Nor­ton ( Lentsloane) and Eco- soft SEZS in Harare, owned by TD Hold­ings. The sod turn­ing for the SEZS was planned for next month. The fo­cus was on ad­vi­sory ser­vices for the wa­ter treat­ment plant in Harare with an es­ti­mated in­vest­ment value of more than $ 15 mil­lion ( about R247m). The SEZ and dry port in Nor­ton were val­ued at about $ 336m, the CDC said.

The CAP had also ob­tained a 20- year con­ces­sion for lo­gis­tics bases in Douala in the Cen­tral African Repub­lic for the de­vel­op­ment of a dry port.

“Through its African trade and in­vest­ment solutions Strat­egy, the CDC is cham­pi­oning the coun­try’s en­ter­prise for busi­ness be­tween South Africa and the rest of the con­ti­nent.

“Our mar­ket de­vel­op­ment pro­gramme to the rest of the African con­ti­nent is aligned to Pres­i­dent Ramaphosa’s call to pro­mote the de­vel­op­ment and eco­nomic in­te­gra­tion of the African con­ti­nent. More­over, the CDC is re­spond­ing to the con­ti­nen­tal strat­egy that was set out by the African Union Agenda 2063 and the New Part­ner­ship for Africa’s De­vel­op­ment,” said CDC mar­ket­ing, brand and com­mu­ni­ca­tion head Dr Ayanda Vi­lakazi.

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