SA looking at privately-owned SEZs to arrest deindustrialisation
Following World Bank recommendations and to revive a scheme widely believed to be failing locally.
The South African government says it is considering allowing privately-owned Special Economic Zones (SEZs) with enhanced incentives and fast-track permitting to boost investment and create jobs.
In one of the strongest signals yet that government is serious about reversing SA’s deindustrialisation path, President Cyril Ramaphosa said on Thursday that SEZs form a crucial pillar of the country’s new industrialisation strategy.
