The roll-out of Special Economic Zones (SEZs) is on track, says Trade and Industry Minister Rob Davies.
“Within the next 100 days, we will be passing all the regulations necessary to establish a SEZ board so that we can go ahead and establish Special Economic Zones (SEZs). We have already fast tracked a couple of them,” Davies said last week.
The minister was addressing the media following the department’s Budget Vote on Tuesday.
Earlier this year, President Jacob Zuma approved the Special Economic Zones Bill.
The bill, which supports a broader-based industrialisation growth path, also aims to support balanced regional industrial growth and the development of more competitive and productive regional economies.
“Simultaneously with processing the legislation, we embarked on a process, together with the provinces, of conducting feasibility studies on potential SEZs, some IDZs [Industrial Development Zones] and the other forms provided in the Act,” said Minister Davies in the Budget Vote.