__MAIN_TEXT__

Page 14

SPECIAL FEATURE

Catalyst to economic growth in the Northern Cape The planned Namakwa Special Economic Zone to be established in the Aggeneys region of the Namakwa District of the Northern Cape Province will have a transformative effect on the local, regional, provincial and national economies. Photos: Kevin Wright/Vedanta Zinc International & iStock

T

he Northern Cape Department of Economic Development and Tourism, in conjunction with the national Department of Trade, Industry and Competition (dtic), is in the process of finalising submission documents for the declaration of a Namakwa Special Economic Zone. The anchor investor of the SEZ will be Vedanta Zinc International which is already running the Gamsberg Zinc Mine and intends to build a smelter. The SEZ would advance the aims of developing infrastructure,

NORTHERN CAPE BUSINESS 2020/21

12

accelerating skills development and empowerment, and consolidating economic development in the Northern Cape.

Executive summary At the official launch of the Vedanta Gamsberg Zinc Mine, President Cyril Ramaphosa suggested that the mine complex could be the core and catalyst for economic development for the region through the establishment of a SEZ. He specifically called for more beneficiation of South Africa’s minerals to take place in South Africa. Vedanta Zinc International started exporting product from the mine in 2018 and has so far invested about $400-million in the project. The company is considering the construction of a smelter; together, these facilities

Profile for Global Africa Network

Northern Cape Business 2020/21 edition  

The 2020/21 edition of Northern Cape Business is the 10th issue of this highly successful publication that has, since its launch in 2009, es...

Northern Cape Business 2020/21 edition  

The 2020/21 edition of Northern Cape Business is the 10th issue of this highly successful publication that has, since its launch in 2009, es...

Advertisement