The Saldanha Bay municipality has resolved to stimulate sustainable Local Economic Development and employment opportunities within the municipal area. One option is to align with the South African Industrial Development Zone Programme which is part of national government’s strategy to position the country within the global economy. The aim is to encourage international competitiveness and sustainable economic growth through strategic investments in export manufacturing industries in the Saldanha Bay municipal area.
The Industrial Development Zones (IDZs) are purpose-built industrial estates, linked to an international port or airport, which have been specifically designated for new investment by export oriented industries and related services.
There are currently four designated IDZs in South Africa.
The most productive one is the East London IDZ specialized in export-led manufacturing and processing. Such activity stands to benefit from the country’s world-class infrastructure and abundant availability of a variety of raw materials. Companies established in an IDZ remain subject to all relevant South African legislation but qualify for an attractive range of industrial and support benefits, including investment incentives offered by government.