A special economic zone is an area in which the business and trade laws are different from the rest of the country.
Find below are the list of Special Economic Zones In South Africa
Atlantis Special Economic Zone SOC LTD
Address: 60 St Georges Mall, Cape Town City Centre, Cape Town, 8000
Hours: Closed ⋅ Opens 8AM Fri
Phone: 087 183 7000
Nkomazi SEZ
Address: 20 Paul Kruger St, Mbombela, 1201
Phone: 013 752 2440
Saldanha Bay Industrial Development Zone
Address: Bay Industrial Development Zone, 43 Platinum St, Saldanha Ind. Dev., Saldanha, 7395
Phone: 087 095 0261
Coega SEZ One Stop Shop
Address: Alcyon Rd, Zone 1 South, SEZ, 6100
Hours: Closed ⋅ Opens 8:30AM Fri
Phone: 086 102 6342
What are special economic zones in South Africa?
Special Economic Zones (SEZs) within South Africa are geographically designated areas set aside for specifically targeted economic activities to promote national economic growth and exports by using support measures to attract foreign and domestic investments and technology.
How many special economic zones are there?
In these geographically delimited areas, governments facilitate industrial activity through fiscal and regulatory incentives and infrastructure support. There are some 5,400 zones across 147 economies today, up from about 4,000 five years ago, and more than 500 new SEZs are in the pipeline (figure 9).
Where are the special economic zones?
The first four special economic zones were created in 1980 in southeastern coastal China and consisted of what were then the small cities of Shenzhen, Zhuhai, and Shantou in Guangdong province and Xiamen (Amoy) in Fujian province.
What are the disadvantages of special economic zones?
Special Economic Zones (SEZs)
Demerits of Special Economic Zones (SEZs)
Loss of revenue to government. Generally government gets huge tax from industries.
Land grabbing.
Loss of agricultural land.
Compensatory problems.
Deindustrialisation.
Regional disparity.
How do special economic zones work?
A special economic zone (SEZ) is an area in a country that is subject to different economic regulations than other regions within the same country. The economic regulations of special economic zones (SEZs) tend to be conducive to—and attract—foreign direct investment (FDI).
What are the objectives of special economic zone?
The main objectives of the SEZ Scheme is generation of additional economic activity, promotion of exports of goods and services, promotion of investment from domestic and foreign sources, creation of employment opportunities along with the development of infrastructure facilities.
How do you create a Special Economic Zone?
Any individual, co-operative society, company or partnership firm can file an application for setting up of Special Economic Zone. The application is to be made in Form-A to the concerned State Government and the Board of Approval (BOA) in the Department of Commerce, Government of India.