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The Special Economic Zone has drawn R4.6bn in total investment since launch and created more than 5 000 permanent jobs. From Moneyweb.

Dube TradePort’s Cargo Terminal at King Shaka International Airport, with the origianl TradeZone 1 next to it. Image: Supplied

Dube TradePort’s recently launched TradeZone 2, adjacent to King Shaka International Airport in Durban, has attracted new investment of R1.8 billion from seven private investors.

Four of these have begun constructing their facilities, bringing an anticipated 600 jobs to the area within the next five years.

This follows the launch of the 26-hectare TradeZone 1, which started signing tenants in 2010 and has since attracted R2.8 billion in private sector investment from businesses focused on air-related logistics, distribution, and light manufacturing.

The Dube TradePort is a Special Economic Zone (SEZ) offering 15% corporate tax, building allowances, employment tax incentives as well as Vat relief.

TradeZone 2 is targeting investors in the manufacturing, assembly, logistics and automotive sectors.

Part of the attraction is a one-stop shop serving as a single point of contact for investors to help speed regulatory, licensing and visa issues.

It also offers administration services such as IT, logistics, cargo and security services.

Who’s moved in

Tenants at TradeZone 1 include Samsung, Yangtze Optics Africa, LM Diapers, Tufbag, Futurelife and Conlog – which service the sub-Saharan African market as well as markets in Asia, Europe and the US.

Figures from Dube TradePort show tenants exported goods worth R610 million over the past year.

Dube TradeZone 2 comprises 45 hectares of land zoned for industrial development, adding 23 fully-serviced sites to the already existing TradeZone 1. It will include three Dube TradePort-owned warehouses – one of which will accommodate medium-sized businesses, enabling the expansion of small businesses located in the mini factories.

Yangtze Optical Africa Cable has expanded on its original investment with a R166 million factory.

The company’s existing facility at TradeZone 1 produces optical fibre and home solution cables for the local, Zambian, Namibian and Botswanan telecommunications markets. Another investment by black-owned logistics company HRMP is a warehousing and distribution facility for graphite electrodes.

Trade support

Also on the site is Dube TradeHouse, a facility for freight forwarders and shippers with airside access via an overhead conveyor airbridge to the adjacent Dube Cargo Terminal.

The cargo terminal has a 100 000-tonne capacity, with 900 square metres of refrigeration capacity.

At a ribbon-cutting ceremony last week, MEC for the KwaZulu-Natal Department of Economic Development, Tourism and Environmental Affairs, Siboniso Duma, said the SEZ is an effective instrument for reducing disturbing levels of inequality, poverty and unemployment, and will also boost local municipal revenues.

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Dube TradePort CEO Hamish Erskine told Moneyweb in 2021 that the Dube TradePort has acquired more than 4 000 hectares of land as part of a wider commercial, industrial and residential development aimed at stimulating investment and job creation in the area.

The facility includes a 16-hectare AgriZone with glass house and packing facilities, an on-site plant tissue culture laboratory, rainwater harvesting ponds for irrigation, and solar panels.