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BACKGROUND ON THE SPECIAL ECONOMIC ZONES
Special Economic Zones are increasing becoming important tools used to drive an industrialisation globally; Cities are being repositioned to drive economic growth and development using SEZ as the preferred tool; Packages to attract investments are shifting away from tax incentives to state of the art infrastructure, good governance and easy of doing business; SEZs are increasing in importance in facilitating international cooperation and regional integration of value chains through cross border SEZ; Africa is on the rise: SEZ development, investments, and job creation; Fundamental challenge for Africa and South Africa: Infrustructure Deficit and deindustrialisation.
Locational advantage of the Fetakgomo-Tubatse SEZ
Tubatse Special Economic Zone is hosted by the Fetakgomo-Tubatse Municipality in Sekhukhune District and it is located within the Bushveld Igneous Complex (Eastern Limb), which hosts the well-known Marensky reef in the Limpopo Province. The land identifed for the SEZ in the Steelpoort town. The SEZ site, which is 1 220ha in extent, is in between the Samancor Smelter and the Lion Ferrochrome smelter (on the R555), and shares a boundary with the currently existing Mining Input Suppliers Park (an industrial park currently owned by Glencore). 2 major roads lead to the SEZ, regionally and nationally The nearest international airport is 184 km from the SEZ site. The nearest port (Maputo port) is 380km from the SEZ site, Beitbrigde border leading to the rest of Africa, is 382km away and the Richards Bay port is 680km away
VISION OF THE FTSEZ
Business Opportunities
-Solar farm (manufacturing and assembly of solar PV components
-Pharmaceuticals plant- Processing of Moringa for medicinal & cosmetics
-Food Technology Centre
-Warehousing and storage
-Infrastructure development (industrial and real estate)
-Torrefication plant – processing timber into coal
-Hospitality
-Logistics, & services including ICT
BENEFITS AND INCENTIVES FOR QUALIFYING COMPANIES
Generic SEZ Incentives
-Vat and Customer Relief
-Employment Tax Incentives
-Building allowance
-Reduced Corporate Income Tax (15% -Corporate Tax)
-12i Tax Allowance and Incentives
-One Stop Shop Facility
Advantages for Businesses
-World Class infrastructure and warehouses
-Carbon Credits & Reduced Carbon Tax
-Reliable and low carbon green energy
-Global leadership in production of chrome and proximity to mining operations
-Land & World Class Security
-Customs Controlled Area (CCA)
-Availability of Water - 348 million cubic meters
-‘Reliable Road and Rail Network
-Port of Maputo “380 km, Port of Richards Bay “600 km and Musina Beit Bridge Border Post “400 km”
STEELPOORT SMART CITY INFRASTRUCTURE
The Steelpoort ‘Smart’ City Development Corridor : R1.6 billion committed by Private Sector as follows:
-R200 million committed for Waste Water Treatment works
-R 300 million committed for a water purification plant and reservoir (completed)
-R 280 million expansion of 30 000 m2 retail shopping mall
-R330 million committed for a 100 bed private hospital – construction 2023
-State of the art private school in designs completed
Integrated Human Settlement for over 3 500 households – designs completed