IDZs need incentives to compete globally - Kondlo

EAST LONDON Industrial Development Zone (ELIDZ) CEO Simphiwe Kondlo has called on government to provide more incentives in order to make South Africa’s IDZs more competitive globally. Writing in the company’s annual report, Kondlo says “the East London IDZ faces immense international competition in attracting foreign direct investment (FDI): Africa has not had a good track record on this score. “The East London IDZ is currently lobbying the DTI for a number of policy and operational mechanisms that would set this foundation. High on the list is lobbying for a more concrete legislative foundation for the IDZ programme in order to ensure that South Africa’s IDZs are well founded and sustainable. “This process has already started yielding results as revised IDZ regulations were already in circulation by the end of the period under review,” he says.