TRADE, Industry and Competition Deputy Minister Fikile Majola this week said the Tshwane Automotive Special Economic Zone (TASEZ) represents a turning point in how special economic zones (SEZs) must be owned and operated, adding that Gauteng’s economic development was being led by these activities.
He spoke during a briefing during which the TASEZ provided an update on the zone’s development in the year-to-date, including having completed 75% of the Phase 1 top structure development.
In the year-to-date, government, comprising of the Department of Trade, Industry and Competition (DTIC), the City of Tshwane and the Gauteng provincial government, has spent R1.85-billion on the TASEZ’s development, while R1.3-billion has been invested by the private sector.
Of the total year-to-date spend, about R356-million has comprised procurement from small, medium-sized and microenterprises (SMME), with a further R639-million worth of contracts having been awarded and R25-million spent on training and skills development of SMME operators.
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