The Coega Development Corporation (CDC) opened its doors this year with revived tenacity and enthusiasm.
“We are encouraged by the improved business confidence this year and are optimistic it would translate to future business prospects,” said Dr Ayanda Vilakazi, CDC Unit head of Marketing, Brand and Corporate Communications.
In the year 2018, the CDC is poignant with enthusiasm as it awaits the completion of investment projects valued in excess of R12 billion. The projects, which include, Osho Cement – R600 million; Customs Control Area (in the logistics sector); Beijing Automobile International Corporation (BAIC SA) – R11 billion; Hella (Automotive investment in the CDC Logistics Park) – R53.3 million and MM Engineering – R350 million.
Heading into the latter part of the FY2017/18, the CDC forecasts at least twelve investors with projected additional 675 jobs. Some of the targeted investment sectors include automotive, agro-processing and chemicals just to mention a few.
“Casting our gaze to last year, the Coega SEZ saw the successful completion of five projects – Kenako Concrete, Corromaster, National Ship Chandlers, Sanitech and FinCorp valued at R180 million,” adds Vilakazi.
“Furthermore, on the jobs front, the CDC has secured no less than 9 441 additional construction jobs and realised 7 953 cumulative operational jobs. The organization has also ensured that it has its sights set on skills development, through training over 2716 people in the current FY,” highlights Vilakazi.