Saldanha Bay IDZ to create 40 000 jobs

Posted On Wednesday, 10 February 2016 16:04 Published by
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In a presentation to the Standing Committee on Economic Opportunities, Tourism and Agriculture in the Western Cape Provincial Parliament, it was revealed that 40 000 jobs stand to be created in South Africa, thanks to the development of the Saldanha Bay Industrial Development Zone.

Saldanha Bay IDZ to create 40 000 jobs

More than 21 000 of these jobs will be created in the Western Cape by 2021.

The job-creating prospects that exist in the Saldanha Bay IDZ are reason enough to do everything that can be done to prevent the closure of the Saldanha Works steel plant.

Beverley Schafer, Member at Western Cape Provincial Parliament say: “It would be a terrible mistake to lose this manufacturing capacity because of temporary high input costs for energy. I therefore reiterate my call for national government to find a solution together with ArcelorMittal to alleviate the burden Eskom is putting on the plant through the winter months, and prevent the closure of the plant.”

Project Khulisa is a focused intervention program by the Western Cape Government aimed at accelerating economic growth in the Oil and Gas sectors.

The natural advantage of the Saldanha Bay is notable, the port of Durban, Port Elizabeth and Cape Town can fit into the Bay of Saldanha. The bay is also well placed to service the industry located to service the oil and gas companies exploring on the West Coast of Africa especially.

The majority of the jobs will be highly skilled, and well-paying jobs creating R8.2 billion in cumulative taxes. It will contribute R82bn to the GDP of South Africa, and 53.4 billion in Gross Geographic Product to the Western Cape. 

Western Cape will continue to show that good government intervention programmes, together with an enabling environment create jobs and growth. 

Last modified on Wednesday, 10 February 2016 16:34

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