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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