During his State of the Nation address on Thursday evening, President Jacob Zuma commented on the property market saying that, “This sector in our country is valued at approximately R7 trillion, with the subsidised sector being valued at R1.5 trillion”.
Without incentives to attract foreign investors, Coega, SA’s premier industrial development zone, may never realise its full potential.
PetroSA's controversial R78-billion Mthombo refinery, planned for the Coega industrial development zone near Port Elizabeth, will create no more than 2500 permanent refinery jobs once it is operational, a far cry from the 27500 President Jacob Zuma envisaged.
Dreams of a better education for the children of Mvezo could soon become reality after R6m has been put towards building the rural village’s first high school.
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