Related LinksThe area, which is close to eSwatini and Mozambique, has the rail and road infrastructure for a special economic zone, and predicted investments will boost GDP and uplift communities
This project is set to attract R4.1 billion in investment, R3.2 billion of which will be foreign direct investment, according to the Mpumalanga Economic Growth Agency business strategy for the Nkomazi SEZ. They offer relaxed industrial regulations and special tax incentives, which include exemption from import duties on raw materials, equipment and intermediate goods.The entity is also establishing its project management unit, and Mpumalanga’ Economic development MEC Pat Ngomane is expected to announce the special export zone’s board members within a week or two.
According to Mega, 81 765 jobs are expected to be created in agriculture, 8 275 in construction and 9 505 in related industries. “There will be that interest to develop small-scale farmers as there will be demand for high-end products.”The entity wants to produce concentrated mango and orange juice, essential oils from oranges, avocados and lavender, vitamin C pills, cold meats, luxury leather goods, and furniture.
He added that some investors had shown an interest. One investor is keen on a renewable energy plant to supply electricity to tenants in the SEZ.
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