The tabling of the new Special Economic Zones (SEZ) Bill is an admission by government that the existing Industrial Development Zones (IDZs) have failed to attract enough investment to justify the R5.3 billion spent on them, says Democratic Alliance shadow trade and industry minister Tim Harris

The Coega Development Corporation has announced that a second manganese smelter is to be built at the Coega Industrial Development Zone near Port Elizabeth, to supply China, the world’s biggest steel market.

Treasury official says the legislative framework for industrial development zones (IDZs) is to be revamped to make them more attractive to investors

Mashigo says the downturn forced the CDC to rethink its strategy. It led to a drive to lure renewable energy investor

The Coega Development Corporation (CDC) will launch a dairy processing plant with an initial investment of R50 million in September

Without incentives to attract foreign investors, Coega, SA’s premier industrial development zone, may never realise its full potential.

Independent power producer Ipsa will restart operations for Eskom in Newcastle.

The Department of Trade and Industry is conducting a review of policy on industrial development zones, which critics say do not offer enough incentives to attract investors.

The IPSA Group said it was selling one of its four turbines, originally purchased for the now delayed Coega Project, to repay debt and for working capital.

There will be three sources of power at the Nelson Mandela Bay stadium in Port Elizabeth during the Soccer World Cup next year, the NMB 2010 director said.