The Coega Special Economic Zone (SEZ) in the Eastern Cape has marked a significant milestone, with its contribution to the provincial GDP surpassing 1% for the first time nearly 25 years after its inception. Despite utilizing just 0.05% of its available land, the Coega Development Corporation is optimistic, with plans for the SEZ spanning the next 80 years, ensuring long-term development opportunities. In 2023, eleven new investors committed an initial investment of R800 million, bringing the total income of companies within the zone to R18.9 billion, a 15% annual growth since 2021. News24 emphasizes the importance of staying informed for building a prosperous future and invites readers to explore their comprehensive coverage through free trials, continuing their legacy of fearless journalism over the past 25 years.
Original Source: Na’ilah Ebrahim
Date: 2024-06-14 03:01:35
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