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Gauteng Growth and Development Agency The Gauteng IDZ launches the world’s second-largest refrigeration plant.

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he world’s second-largest refrigeration plant and the biggest food processing operation in the southern hemisphere was launched on 5 April 2019 at the OR Tambo Special Economic Zone (SEZ). Among the dignitaries in attendance were Premier of Gauteng David Makhura, the DG of the Department of Trade and Industry (the dti) Mr Lionel October, as well as the CEO of Woolworths South Africa Ms Zyda Rylands. Speaking at the launch event, Rylands said, “I am very proud to be opening this worldclass food production facility. In2food has been a Woolies Food partner for more than 28 years and this project was a natural extension of that relationship, with the shared goals of driving innovation and job creation.” In2Foods Group’s choice of establishing its state-of-the-art factory in the OR Tambo SEZ has demonstrated that the government of Gauteng has investor-friendly policies and systems to ensure that public private partnerships (PPP) can deliver the type of value that is required by foreign direct investment initiatives. The project has a total development value of R381-million, from In2Foods, the dti and the Gauteng Provincial Government, the latter who have entered into a long-term lease on the land with the Airports Company of South Africa. This investment will stimulate real economic growth in Gauteng, creating over 600 direct jobs and sustaining a further 5 000 jobs throughout the agricultural value chain.

The dti played a major role in providing funding for the project. The prime location of the OR Tambo Special Economic Zone (SEZ), adjacent to the OR Tambo International Airport, places In2Foods Group at the heart of Africa’s best transport and logistics hub. Through its designated SEZ, the Gauteng IDZ Development Company has access to significant investment incentives packaged at national government for investors and companies located in an SEZ. In2Food’s new plant has been developed to the quality specifications of Woolworths, which it has been supplying food products to for 28 years. In2Food will also be exporting its products to other markets such as the UK. The GGDA, through its subsidiary, Gauteng IDZ Company, has made significant strides in attracting investments to the OR Tambo SEZ, primarily focused in the aviation, agrofood processing, jewellery, electronics and pharmaceutical industries. Skills development initiatives have been introduced to allow for broad participation by individuals and communities to take advantage of investment growth in the OR Tambo SEZ. “In the last five years, the province of Gauteng attracted foreign direct investments to the tune of R199-billion and created more than 30 000 jobs,” said Gauteng Premier David Makhura during his 2019 budget speech.

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Gauteng Business 2019-20  

The 2019/20 edition of Gauteng Business is the 11th issue of this highly successful publication that has established itself as the premier b...

Gauteng Business 2019-20  

The 2019/20 edition of Gauteng Business is the 11th issue of this highly successful publication that has established itself as the premier b...

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