Clothing, textile economic zone in pipeline for KZN

Clothing, textile economic zone in pipeline for KZN

A third economic zone is in the pipeline for KwaZulu-Natal.

Premier Sihle Zikalala third economic zone
KZN government

Premier Sihle Zikalala's made the announcement in Pretoria on Thursday, where he's been trying to woo international investors.

The damage and destruction during last month's unrest and widespread looting set the province back some R23 billion. 

More than 300 people lost their lives and thousands suffered job losses, dashing international investor confidence.

Zikalala says as KZN picks up the pieces, plans for economic expansion are also on the cards.

READ: More than 400 businesses to head to court over civil unrest - ActionSA

He's emphasised KZN remains a viable investment destination and added that a third economic zone would complement the Dube Trade port and Richards Bay Industrial Development zone.

"In addition to tourism is our two special economic zones, the Dube Trade Port and the Richards Bay Industrial Development zones which offer tax incentives to investors, we are working on establishing the third special economic zone which will be dedicated on clothing and textile and that will be located in the corridor from Newcastle but the main hub will be in Ladysmith.”

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