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COEGA DEVELOPMENT CORPORATION

COEGA DEVELOPMENT CORPORATION. PRESENTATION TO SELECT COMMITEE ON TRADE AND INTERNATIONAL RELATIONS 23/05/2012. AGENDA. Progress made since inception Funding Challenges Readiness to implement the SEZs. Functions of Economic Zone Operator. Progress made since Inception. Synopsis.

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COEGA DEVELOPMENT CORPORATION

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  1. COEGA DEVELOPMENT CORPORATION PRESENTATION TO SELECT COMMITEE ON TRADE AND INTERNATIONAL RELATIONS 23/05/2012

  2. AGENDA • Progress made since inception • Funding • Challenges • Readiness to implement the SEZs.

  3. Functions of Economic Zone Operator Progress made since Inception

  4. Synopsis 1998:Coega Industrial Development Zone Development Framework Plan completed. • NgquraPort Act enacted. 1999: Coega Development Corporation incorporated 2000: First four (4) IDZs proclaimed: • Coega, Johannesburg International Airport, Richards Bay and East London 2000: Environmental authorisation for IDZ and Port approved 2002: Provisional IDZ Operator’s permit granted to Coega • Draft National Ports Bill • Port of Ngqura Proclaimed • Commencement of infrastructure 2005/6: First tenant in the CIDZ

  5. Progress • 21 operating investors R1.24bn in private sector investments in • Metals • Agro-processing • Manufacturing • Renewable Energy & • Services sectors • 3208 operational direct jobs • 25 963 indirect and induced rural jobs (from agro-processing) • Over 40 000 construction jobs

  6. DYNAMIC COMMODITIES

  7. Cape Concentrate

  8. INVESTMENTS

  9. BPO & SKILL CENTRE

  10. Transformational Projects • Oil refinery – Project Mthombo • Ship Repair Yard • Transshipment Hub • Gas Terminal • CCGT • Seawater Intake • Manganese Smelters • Return Effluent – pre-feasibility study funded by DEDEAT • Sishen / PE Rail Upgrade

  11. Functions of Economic Zone Operator Funding

  12. Functions of Economic Zone Operator Challenges

  13. Functions of Economic Zone Operator Readiness to Implement the SEZ Bill

  14. Functions of Economic Zone Operator • Develop and implement a strategic plan within framework of SEZ strategy. • Make improvements to the SEZ. • Provide or facilitate the provision of infrastructure and other services required.

  15. Functions of Economic Zone Operator • Provide adequate enclosures to segregate the zone from any customs area. • Provide adequate security on the site including offices and facilities of the zone.

  16. Functions of Economic Zone Operator • Adopt rules and regulations for business within the zone in order to promote its safe and efficient operation. • Maintain adequate and proper accounts and other records in relation to its business as per applicable legislation. • Promote the relevant SEZ as a foreign and domestic direct investment destination. • Undertake any other activity within the scope of the SEZ act.

  17. Functions of Economic Zone Operator • Facilitate a single window clearance facility that delivers required government services to with minimum red tape.

  18. Comments on the SEZ Bill • Quorum Requirement; government role is key. • SEZ Fund to not be a major constraint; mechanism to ensure funding equity. • Highlighting of the need for incentives; formation of a board sub committee on investments • Reporting arrangement sill not clear enough; reporting to owner and the SEZ board only. • SEZ permit holding company required to only operate an SEZ; requirement of grandfather clause to ensure continuity. • Review of existing IDZ’s to ensure that they are positioned correctly after formation of differing classes of SEZ’s.

  19. Coega Readiness • Ascertain status of CDC as permit holder: • Considering that the CDC has several business lines outside of the Coega IDZ. • Could result in the unbundling of the CDC. • Work with DTI on formation of SEZ board. • Identification of subcommittees. • Identification of classes of SEZs • Evaluation of CIDZ as an SEZ (type?)

  20. THANK YOU

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