IDZ for Saldanha Bay mooted

Plans for a third Industrial
Development Zone at Saldanha Bay
on the west coast are in the pipeline.
Government seems to have
learned from the failure to date to
attract major tenants to the Coega,
Richards Bay, OR Tambo or East
London IDZs.
It is understood that the proposed
IDZ could be the first to emerge
following a broad-ranging review of
the IDZ concept and how it has
been implemented.
The DTI review highlighted a
number of shortcomings of the IDZs
in promoting domestic and foreign
investment, and led to the drafting
of new legislation that will also be
published soon.
In its interaction with the IDZs
and potential investors, FTW has
been told that the major constraints
are a lack of reliable power, concerns
over water supplies, and an absence
of competitive incentives in the form
of tax breaks and cheap land.