Dube TradePort Industrial Development Zone
South Africa's National Minister of the Department of Trade and Industry designated Dube TradePort an IDZ on 1 July 2014.
IDZ status is considered prestigious, as it carries with it a range of benefits for enterprises located within such a zone. Importantly, it is also linked to one of the South African Government's key priorities, being the promotion of foreign and local direct investment into South Africa. The Dube TradePort IDZ announcement thus contributes significantly to Dube TradePort Corporation's ability to realise its goal: To Move Your Business Forward.
A range of benefits are offered to business enterprises operating within an IDZ, such as the Dube TradePort IDZ. These benefits include both fiscal and customs incentives and are designed to promote business growth, revenue generation, employment creation and the attraction of both foreign and local investment.
Key Objectives of the Dube TradePort IDZ
The intention behind the Dube TradePort IDZ is to promote and enhance the competitiveness of the Province's manufacturing sector and to encourage the beneficiation of available resources. The underlying purpose of the IDZ is to stimulate economic development, grow exports and improve the global competitiveness of South African-produced products.
In line with this, its key objectives include attracting increased levels of both Foreign Direct Investment and investment by the local business sector, the active promotion of integration with existing local industry and the considerable increase in value-added production. Additional objectives include the provision of an environment which will expand the advantages of existing industrial and technological capacity, while also facilitating the growing creation of industrial complexes. In effect, the Dube TradePort IDZ sets itself apart by offering continuous support through research and development, training and regulatory support, thus offering added value and greatly enhanced efficiencies for operators within targeted sectors.
Critically, the Dube TradePort IDZ aims to promote regional development, stimulate the creation of new employment opportunities and enhance current skills and technology transfer levels.
Target Sectors
Targeted priority Dube TradePort IDZ industry sectors include:
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Aerospace and aviation-linked manufacturing and related services;
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Agriculture and agro-processing, inclusive of horticulture, aquaculture and floriculture;
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Electronics manufacturing and assembly;
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Medical and pharmaceutical production and distribution; and
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Clothing and textiles.
Additional Sectors
Such targeting is not limited exclusively to the identified priority sectors and supplementary sectors include:
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Freight-forwarding and aviation services;
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Warehousing and storage;
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Logistics and distribution;
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Light manufacturing and assembling;
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High-tech and automotive industries;
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General manufacturing;
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Renewable energy;
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Aquaculture; and
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Cold storage.
Dube TradePort IDZ: A Prime Investment Location
Dube TradePort IDZ is a key and strategically important business location in South Africa generally and KwaZulu-Natal specifically.
Dube TradePort IDZ's strength as a leading South African investment destination is based on four founding pillars, namely its key location, infrastructure, service offering and Government backing.
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Key Location: The Dube TradePort IDZ is located within a strong economic region, is close to major complementary transport and freight links and boasts world-class infrastructure – the ideal investor and business platform for the expansion of global business and trade opportunities;
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Infrastructure: As a secure, purpose-planned airport city and master-planned business environment, infrastructure has been designed in line with freight-orientation and cargo and is supported by the new King Shaka International Airport, whose infrastructure allows for the accommodation of the world’s largest new generation aircraft;
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Service Offering: Dube TradePort Corporation is an enabler of tactical investment and with its team of skilled experts drives the development of this competitive business environment, links both investors and developers to various regulatory bodies, thus assisting to facilitate the development process. Through its service commitment, Dube TradePort Corporation has developed a reputation as the developer who never walks away;
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Government Backing: Dube TradePort enjoys solid Government support. It forms part of South Africa’s National Infrastructure Plan, as outlined in the Presidential Infrastructure Co-ordinating Commission under Strategic Infrastructure Programme 2. The precinct is also aligned to the National Development Plan. Fully-owned and funded by the Provincial Government of KwaZulu-Natal, Dube TradePort is a key priority Infrastructural Development Project for the Province of KwaZulu-Natal. The latter status carries with it responsibility for the development of an Integrated Aerotropolis Strategy, the development of a Provincially-driven airlift strategy and the implementation of the KwaZulu-Natal Provincial Growth and Development Strategy.
For more information on investment opportunities, please enquire here: tradezone.dubetradeport.co.za/Pages/Contact-TradeZone
Special Economic Zone (SEZ)
Dube TradePort IDZ is set to transition to an SEZ upon activation of the programme, which will supersede the IDZ programme.
SEZ’s are focused on the attraction of Domestic and Foreign Direct Investment (FDI) in value-added and export-oriented manufacturing industries and services. They are growth engines towards government’s strategic objectives of industrialisation, regional development and employment creation. A number of incentives will be available to ensure SEZ’s growth, revenue generation and international competitiveness, including the use of Customs Controlled Areas tailored for manufacturing, storage, repackaging, processing and beneficiation.
Benefits of Investing in Dube TradePort IDZ
A range of benefits are offered to business enterprises operating within an IDZ. These benefits are designed to promote business growth, revenue generation, employment creation and the attraction of both foreign and local investment.
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South African Revenue Service Benefits:
There are a number of SARS offerings are available to CCA enterprises. For more information, please go to: SARS
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IDZ and SEZ Programmes:
For more information on the IDZ and SEZ programmes, please go to: The dti