Today (Friday) sees the launch of a R260-million Industrial Development Zone (IDZ) at OR Tambo International Airport by the deputy minister of trade and industry, Mzwandile Masina, and the Gauteng MEC for Economic Development, Environment, Agriculture and Rural Development, Lebogang Maile.
According to a statement by the Gauteng Department of Economic Development, the IDZ aims to attract investors through a range of incentives including dedicated customs support services; duty-free importation of production-related raw materials and inputs; and reduced tax and exemption for some activities.
The first greenfield project to be constructed within the IDZ is the jewellery manufacturing precinct, a facility catering for mineral beneficiation, diamond cutting, polishing and trading, as well as light manufacturing for jewellery and other high-end products.
There are 11 sectors earmarked for government intervention over the next few years.
Gauteng IDZ launched today
Comments | 0
© Now Media. This content is protected by copyright and may not be adapted or republished. If you would like to discuss cooperation opportunities, please contact: editor@freightnews.co.za.
