A once-in-a-lifetime opportunity
Problem: The global issue of unemployment, poverty and inequality.
Solution: The creation of a Special Economic Zone (SEZ) which will host roughly 100 companies, comprising multi-nationals, large local enterprises as well as small, medium and micro enterprises (SMMEs). The aim is to beneficiate the natural endowments of the region into financial prosperity derived from significant participation in national and global supply chains, supported by inclusive growth. It is designed to be a multi-sector zone focussing on the formulation and production of nutraceuticals, refining of nutritional oils, fertiliser production and agro-processing.
Benefits: The aim of the SEZ is to promote inclusive growth with long-term sustainability linked to both national and international (including BRICS countries) supply chains. Moreover, it is also expected to attract entrepreneurs from large multi-nationals with strong supply chains in the lucrative nutraceutical business sector as well as the stimulation of new entrants to the agro-processing market through incubation of new businesses, supporting SMMEs and Black Industrialists (possibility of a complementarity/collaboration project for Manufacturing and Agri-Business Working groups).
Other benefits will be reduced unemployment, poverty and inequality. The economic and social benefits include – but are not limited to – an estimated SEZ output of R97.6 billion, SEZ exports of US$3.5 billion and the creation of more than 80 000 sustainable jobs within the value chain (excluding the potential multiplier effect).
Exponential manufacturing and its benefits will form part of the mechanism used to promote the project.
For more information, please contact:
Mr. Johan van Tonder