19 July 2018


THE OFFICIAL BOKONE BOPHIRIMA GOVERNMENT NEWSPAPER

China mission to seek investments for Platinum Valley SEZ

by: Sidwell Medupe   date: 01 June 2018

The Project Executive of the Special Economic Zones (SEZ) at the North West Development Corporation (NWDC), Davis Sadike, left for China at the weekend to look for investors for the Platinum Valley Special Economic Zone. 

Sadike is part of a South African delegation participating in Special Economic Zones Investment Roadshow to Shanghai organised by the Department of Trade and Industry (the dti). The roadshow is led by Deputy Minister of Trade and Industry, Bulelani Magwanishe, aimed at attracting investors to the South African SEZs located in various parts of the country.

The roadshow is intended to give representatives of the South African government, implementers of the SEZ programme and SEZs to present the value-proposition of the SEZs to potential investors and finance institutions.

The roadshow will be in the form of workshops during which the South African delegation will make presentations to Chinese investors, financial institutions and government representatives on South African SEZs opportunities and incentives offered.

“The main objective of our trip to China is to attract investors to the Platinum Valley Special Economic Zone, which is also known as the Bojanala Special Economic Zone. The trip provides us with the opportunity to sell the SEZ to potential Chinese investors in their backyard. We are optimistic that we will be able to generate greater interest amongst investors and return with concrete commitments,” said Sadike.

He added that the Zone was focusing on mineral beneficiation with a special emphasis on platinum and chrome, mining capital equipment manufacturing, agro-processing and renewable energy storage sectors.

“We are particularly targeting companies involved in gold processing and those that produce capital equipment for mining including underground locomotives, conveyer belts and rock drillers. We want to entice these companies to invest in our SEZ and locate their operations there. Our aim is to grow the number of companies located in the Bodirelo Industrial Park being developed into the Platinum Valley SEZ,” added Sadike.

According to Magwanishe, the roadshow is to attract potential investors in different sectors to invest in the country’s SEZs. 

“In order to have vibrant SEZs and competitive regional economies, it is necessary to continuously implement a systematic marketing and investment approach for various SEZs in South Africa and also to state their value-proposition to potential investors,” said the Deputy Minister. 

He added that one of the strategic initiatives that the government, through the dti, has earmarked for accelerating the country’s industrial development agenda, was the Special Economic Zones programme. 

“SEZs are used to stimulate foreign and domestic investment, increase production output leading to increased exports of value-added manufacturing goods and employment creation, amongst others,” said Magwanishe.