Dube TradePort winner at Manufacturing Indaba
03 July 2019
Dube TradePort Special Economic Zone is gearing itself for an international investment attraction drive, it will launch its campaign with a showcase at the annual Manufacturing Indaba that is taking place from June 25 -26 at the Sandton International Convention Centre.
The two-day conference and exhibition will be hosted in partnership with the South African Department of Trade & Industry (the dti), the Department of Science & Technology and the Manufacturing Circle, representing the private sector.
The event provides an opportunity for industry and government to engage, learn and collectively develop mechanisms to grow the sector, promote business connections and to assist manufacturers to innovate and grow their potential. It is consistent with South Africa’s Vision 2030. International high profile speakers, industry experts, investors, policymakers and government representatives will participate in discussions at Manufacturing Indaba.
The 2019 Manufacturing Indaba Theme will be ‘Untapped Potential’, which aims to highlight the growth and development of manufacturing and industrialisation to unlock Africa’s potential. This resonates with the Dube TradePort Special Economic Zone (SEZ), whose mandate is to develop the province’s largest infrastructural development and is focused on driving economic transformation in Africa through an inclusive growth model.
Dube TradePort Special Economic Zone offers various incentives to investors and tenants; from reduced corporate tax rates to building allowances and employment incentives for low salary workers. Mr Hamish Erskine, Dube TradePort’s Chief Executive, confirmed that to date the “Dube TradePort Special Economic Zone has attracted R3.2 billion worth of private sector investments.”
Manufacturers will be exposed to a conference programme where important stakeholders, Black Industrialists Programme (BIP), government incentives, panel discussions, expert round tables and a technical workshop where DTPC’s COO Kaya Ngqaka will be presenting ‘The role of Special Economic Zones in driving industrial development’.
“Special Economic Zones provide a new model for economic development, where these designated areas are set to provide infrastructure, services, and support that provide a world-class industrial precinct for manufactures, attracting both domestic and foreign direct investment.
‘It is through this model that promotes beneficiation and industries that drive import substitution within identified sectors as well as find a role for Small and Medium enterprises to leverage both upstream and downstream value chain linkages that will ultimately drive sustainable growth, while scaling up the job opportunities that are available within South Africa” Notes Mr Kaya Ngqaka
South Africa’s manufacturing sector has only witnessed the beginning of its potential. The launch of the African Continental Free Trade Area (AfCFTA) in March 2018, which aims to create a single market for goods and services in Africa in order to facilitate industrialisation will play a pivotal role in bolstering the sector as South African manufactured goods find market share within the continent.
Dube TradePort Special Economic Zone’s unique location within close proximity to two of South Africa’s largest seaports, Durban and Richards Bay and King Shaka International Airport with dedicated airfreight facilities, as well as a rich road network connecting the precinct to the rest of the Southern African Development Community, makes it ideal to house export orientated manufacturing operations.
Dube TradePort Special Economic Zone’s investment team looks forward to welcoming attendees to Stand-A31 and Dube TradePort COO, Kaya Ngqaka is keen to engage with all stakeholders and interested parties after his presentation on ‘The role of Special Economic Zones in driving industrial development’ at 11:45 Wednesday 26th June 2019, as part of the Knowledge Hub Programme at the Manufacturing Indaba, Sandton.