aBr MOVE October 2014 Oct 2014 | Page 54

Ports, Rail and Trade Zones DUBE TradePort to be fast tracked Saxen van Coller, who took over as chief executive of Dube TradePort Corporation a year ago, believes the proclamation of Dube TradePort as one of South Africas new Special Economic Zones will fast-track and elevate the development to attract billions in foreign and local investment D ube TradePort’s development into a major new She added that the SEZ bill was in the final stages of being industrial hub, aerotropolis and trade gateway in legislated, but Dube TradePort had also applied to the dti to Africa would be fast-tracked through its imminent become an Industrial Development Zone (IDZ). proclamation as one of South Africa’s new Special Economic Zones (SEZ) to boost industrialisation and exports. This would see it attract “massive foreign and local investment to the tune of billions of rand”, says Saxen van Coller, Dube TradePort Corporation chief executive. She says the development would get a boost when it became a fully-fledged SEZ, offering considerable tax and other incentives to foreign and local companies. “I can even go as far as saying that Dube TradePort is likely to secure over R10 billion in investment into its trade zone This is to expedite the process, so that companies wanting to invest can get the benefits offered by existing IDZ legislation and their plans are not held up depending on when the SEZ Bill is signed into law