The Coega Development Corporation (CDC) hosted the Commander of the Order of St Michael and St George (CMG) and member of the Royal Victorian Order (RVO) British High Commissioner to South Africa, Nigel Casey at the multi-award-winning Coega Special Economic Zone (SEZ).
The visit, meant to explore economic trade and facilitate investment between South Africa and the United Kingdom follows the recent appointment, earlier this year, of the British High Commissioner to South Africa, said Dr Ayanda Vilakazi, CDC’s Head of Marketing, Brand & Corporate Communications.
Casey in his remarks about the CDC highlighted the impressive development that was on the ground. “I’m particularly pleased by the number of investors who have taken advantage of this amazing economic zone and made a great success of their investments.”
Casey made the comments after visiting Zone 3 of the Coega SEZ and was taken on a walkabout the Discovery & WNS call centres which employ over thousands of young graduates.
South Africa is the largest recipient of British Foreign Direct Investment (FDI) in Africa by accounting for 30% of the total UK FDI with the value of £13.1 billion. The UK is viewed as a historical, strategic trade and investment partner for South Africa and therefore remains a key market.
Whilst the Coega SEZ located within the Nelson Mandela Bay, the only metro in South Africa which has two ports. The SEZ currently hosts over 40 operational investors with the investment value of R6, 996 billion. The success of CDC has enabled the creation of 102,794 and trained over 92 583 people since inception, concludes Dr Vilakazi.