Dube TradeZone 2 sets stage for Economic Growth

Loading player...

Dube TradePort Corporation (DPTC) heralds the launch of Dube TradeZone 2, adjacent to King Shaka International Airport, with an impressive R1.8 billion in initial investments. This milestone signifies a cumulative private sector investment of R4.6 billion and the creation of over 5,000 permanent jobs.

Notable dignitaries, including government officials and business leaders, gathered for the inauguration, underscoring the significance of Special Economic Zones (SEZs) in fostering economic development. MEC Siboniso Duma highlighted SEZs' pivotal role in addressing socio-economic disparities.

Despite economic challenges, DPTC secured seven private investors, anticipating 600 new jobs within five years. Dube TradeZone 2 targets manufacturing, logistics, and automotive sectors, expanding opportunities for both local and international enterprises.

6 May English South Africa Business · Business News

Other recent episodes

SMME: Akandi Office Furniture

Today on Business Watch we feature another SMME, and this week it's Akandi Office Furniture which was founded in 2018 by Reabetswe Moabi. Akandi Office Furniture specialises in providing high-quality office furniture solutions to businesses of all sizes. Moabi says the company employs a team that includes young women from…

26 Jun 1 min

SMME Spotlight: Culture Water

Every Monday and Thursday we focus on SMMEs on Business Watch, and today Culture Water is being featured. Culture Water currently employs 10 individuals and was founded in 2021 to provide high-quality, safe, and affordable drinking water. Managing Director at Culture Water, Nomonde Buthelezi, says they believe they solve a…

23 Jun 1 min

SMME Spotlight: Mod-Living Furniture

On today's Business Watch we feature another SMME, and this week it's a zero-waste timber manufacturing company based in Stanger called Mod-Living Furniture. Founded by Kavika Singh, the company operates with a team of 14 employees to supply raw pine timber, pallets, doors, and sawdust for biofuel. Mod-Living Furniture is…

19 Jun 1 min

SMME Spotlight: DANVision PTY LTD

Alfred Ntshangase, founder of DANVision PTY LTD, established the company in 2015 in Richards Bay. Specialising in railway line repair and maintenance, DANVision employs 31 individuals. Ntshangase's drive stemmed from showcasing railway maintenance skills and breaking industry stereotypes. Overcoming initial hurdles of accessing major companies required understanding their culture and…

12 Jun 1 min

SMME Spotlight: Vikeleka Clothing

Vikeleka Clothing has been operating in Richards Bay since it was founded by Mr. Bheki Mbokazi in 2005. Mr. Mbokazi's previous experience inspired him to ventured into the manufacturing industry. The company specialises in manufacturing protective clothing and supplying safety consumables, with a staff of 19 from the local community…

9 Jun 1 min

All episodes