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Development to drive economic recovery
By Vernon Mchunu
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DURBAN - An estimated 2 200 construction jobs (temporary) have been created. These projects come at a time when there has been a sharp decline in the construction sector and an increase in unemployment globally Simangele Ngcobo
ABOUT R6.4 billion worth of investment plus 1 641 direct job opportunities have been generated in the fast-growing Dube Tradeport and the Richards Bay industrial zones, the Department of Trade, Industry and Competition (DTIC) has said.
The two form part of the national Special Economic Zones (SEZs) Programme developed by the government to fast-track economic recovery.
While the Dube Tradeport had secured new investments to the tune of R600 million, with the resultant generation of 841 employment opportunities, the Richards Bay SEZ – through the construction of an edible oil factory and a titanium dioxide factory – amassed R5.8bn worth of private investment, resulting in the creation of abo