MUSINA-MAKHADO SEZ ACHIEVED MILESTONE
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The deputy minister of Trade, Industry and Competition Mr Fikile Majola and MEC for Economic Development, Environment and Tourism in Limpopo Mr Thabo Mokone unveiling the 2D model of the North side of Musina-Makhado Special Economic Zone.
Deputy Minister of Trade, Industry and Competition, Mr Fikile Majola says the commendable milestone achieved by the Musina-Makhado Special Economic Zone as earth-moving machines prepare to roll onto the north side of the zone.
He was addressing more than 500 people who attended a function held on a freshly-cleared piece of land outside Musina on Wednesday, 29th June 2022.
The Minister says this project is a huge step in the right direction for the practical implementation of the Special Economic Zones Programme that the dtic is spearheading.This project has the potential to facilitate regional integration through the African Continental Free Trade Area which is aimed at boosting intra-African trade, as the zone is developed in an area close to N1 which connects South Africa and other neighbouring African countries such as Zimbabwe, Botswana and Mozambique.
The bulk infrastructure in the north side of the SEZ is estimated at approximately R2.9 billion and is expected to create more than 21 000 direct and indirect jobs in the short to medium period and over 60 000 in the future, for the people of Musina, as well as opportunities for local small and medium enterprises. The Limpopo provincial government has already allocated R600 million for bulk installations. The targeted bulk services projects will include a water pipeline, water treatment amongst other things.
He emphasised the need for three spheres of government and the private sector to work together in the interest of developing the SEZ for the benefit of the Limpopo economy in particular. He also expressed his gratitude for the companies that have already invested.
