The DTIC has opened the Namakwa Special Economic Zone plans for public comment.
The Department of Trade, Industry and Competition has published its intention to designate the Namakwa Special Economic Zone for public comment.
The area in question refers to 1,200 hectares adjacent to the mining town of Aggeneys in the Northern Cape, acting as a catalyst for large-scale investment and the formation of a new industrial hub.Currently, the SEZ aims to take advantage of the mining operations opportunities as well as the agricultural exploits in the area., there is Zinc Mine located in the area, and the proposed SEZ would further develop a smelter that can be built to treat zinc concentrate produced at Gamsberg.
Vedanta, as reported by Mining Weekly, is a 1,000-plus-employee company expecting to bring in R16 billion in investment to its zinc mine and proposed smelter. According to the Namakwa Municipality District’s integrated development plan for 2022-2027, the economic development and tourism department has been budgeted R26 billion. Despite this figure, more can be expected to be allocated through other departments and private investments.Fikile Majola, the deputy minister of the DTIC, reaffirmed the government’s commitment to SEZs noting that they are important instruments for growing the economy.
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