South African official confident in attracting Chinese investment in SEZs

China investment

The CEO of the Free State Development Corporation Ikhraam Osman on Wednesday expressed optimism that they will manage to attract the Chinese investors to invest in the country’s special economic zones (SEZ).

The South African delegation will be led by South Africa’s deputy Minister of Trade and Industry Bulelani Magwanishe. The trip is aimed at wooing Chinese investors to invest in the country’s SEZs.

The South African delegation will make presentations to Chinese investors, finance institutions and government officials. The South African delegation will be in China from May 26-31.

He said the Maluti-A-Phofung SEZ has numerous positive attributes that will make it appealing to potential Chinese investors.

“From the location point of view, the Maluti-A-Phofung SEZ is the right place to be. It is the natural choice for investors seeking a cost-effective location to service domestic and export markets.

“The SEZ offers manufacturers and exporters a logistics base that facilitates access to the Port of Durban, and intermodal logistics solutions for the transfer of freight between road and rail,” said Osman.

Osman said the special economic zone is strategically located between the largest port in Africa, Durban and the largest market in Africa, which is Gauteng province. He said they have spent significant amount of money improving the infrastructure to make the SEZ attractive to investors. Enditem

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