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
Treasury official says the legislative framework for industrial development zones (IDZs) is to be revamped to make them more attractive to investors
PetroSA's controversial R78-billion Mthombo refinery, planned for the Coega industrial development zone near Port Elizabeth, will create no more than 2500 permanent refinery jobs once it is operational, a far cry from the 27500 President Jacob Zuma envisaged.

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