The Richards Bay Industrial Development Zone Company (SOC) Ltd (RBIDZ) The Richards Bay Industrial Development Zone Company (SOC) Ltd (RBIDZ) is a purpose-
The RBIDZ’s objectives:
built and secure industrial estate on the northeastern coast of KwaZulu-Natal, linked to the international deep-water port of Richards Bay. It is tailored for the manufacturing of goods and production of services to boost beneficiation, investment, economic growth and the development of skills and employment. The RBIDZ is deemed to be a Special Economic Zone (SEZ) that aims to encourage international competitiveness through world-class infrastructure as well as tax, VAT and duty-free incentives to qualifying investors. The RBIDZ strategy is geared to provide significant contribution to the country’s economic growth through creation of employment opportunities, upgrading the skills, technology transfer, deepening economic empowerment of historically disadvantaged individuals and broadening of South Africa’s basket of export products.
To attract local and foreign direct investment; To attract advanced foreign production and technology methods in order to gain experience in global manufacturing and production networks; To develop linkages between domestic and zonebased industries; To provide world–class industrial infrastructure.
The RBIDZ’s key focus sectors: • • • • •
Metals Beneficiation (Aluminium, Iron Ore, Titanium) ICT (Techno–parks , Innovation Hubs) Renewable Energy (Solar , Fuel Cells, Biomass) Agro-Processing Marine Industry Development
Incentives provided by RBIDZ to investors • • •
Reduction in corporate income tax from 28% to 15%. VAT exemption for supplies procured in South Africa. Duty-free on imports for production-related raw materials including machinery and assets used in production. Location in a secured and Customs Controlled Area (CCA) World–class industrial infrastructure.
Physical address: 150A Pioneer Road, Captains Walk Building, Tuzi Gazi, Waterfront, Richards Bay, 3900 | Postal address: Private Bag x 1005, Richards Bay 3900
Published on May 3, 2013
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