Thursday, June 23, 2011

Eastern Cape’s attracts nine investors

By Lelethu Mquqo
24 June 2011


The Eastern Cape’s Coega and East London Industrial Development Zones have attracted nine investors who brought an estimated investment of R620 million during the 2010/2011 financial year.

Minister of Trade and Industry Rob Davies made the announcement during his budget vote.

Davies says the investments will support more than 4 500 construction jobs and a further 1 400 direct jobs.

He minister says while the industrial development zone model has potential, it needs to be improved and developed.

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