The main motive behind the establishment of the Industrial Development Zones (IDZs) in 2000 was to use the deep-water ports, former Trade and Industry Minister Alec Erwin has said

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

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