The revitalisation of state-owned industrial parks will promote industrialisation and increase their contribution to job creation and South Africa’s economic growth, says Trade and Industry Minister Rob Davies.

The Dube TradePort in Durban will formally become a special economic zone.

The tabling of the new Special Economic Zones (SEZ) Bill is an admission by government that the existing Industrial Development Zones (IDZs) have failed to attract enough investment to justify the R5.3 billion spent on them, says Democratic Alliance shadow trade and industry minister Tim Harris

The industrial development zones that have not had the up take government had expected