The first investor to sign up for a site at the Coega Industrial Development Zone aims to commission its textile factory in the first week of November.

AN EASTERN Cape politician has expressed grave concern at the failure of Coega industrial development zone to attract any investments to date.

CANADIAN aluminium and packaging group Alcan plans to give an update of its feasibility study next month on whether it will construct an aluminium smelter at the Coega Industrial Development Zone near Port Elizabeth.

The Coega Development Corporation has signalled its confidence that tenants will soon be signing leases and buying land in the Coega Industrial Development Zone (IDZ)

Bisho - The Eastern Cape government has proposed to host a railway indaba next year at which the vastly underutilised railway network in the province will be on the spotlight.

Current investments being negotiated for the Coega Industrial Development Zone (IDZ) have the potential of taking up 70% of the available land on phase one of the project.

While Alcan is yet to commit to setting up an aluminium smelter at the Coega industrial development zone (IDZ), there are more than 40 other investors in the pipeline for this Eastern Cape IDZ, says Coega Development Corporation (CDC) spokesperson Vuyelwa Qinga-Vika.

IDC will invest in the planned aluminium smelter at the Coega industrial development zone and the Sishen and Sishen South iron-ore projects.

Cash generated drops 65% to R10,8m

Management blames declining foreign direct investment in Africa for its failure to take off as initially projected