Dube TradePort Special Economic Zone
Designed in terms of the Special Economic Zone Act, 16 of 2014, to enhance the country’s manufacturing and export capabilities and attract Foreign Direct Investment, Dube TradePort Special Economic Zone has grown to become one of the top ten investment opportunities in South Africa.
Special Economic Zones, which are informed by the South African Government’s National Development Plan and Industrial Policy Action Plan, are strategic instruments to drive inclusive economic growth and deepen industrialisation. They do this by encouraging the beneficiation of available resources and offering a range of advantages to enterprises through incentives and services that are supported by National, Provincial and Local Governments. This enables business efficiency and drives competitiveness.
Targeted Priority Sectors
-
Aerospace and aviation-linked manufacturing and related services;
-
Agriculture and agro-processing, including horticulture, aquaculture and floriculture;
-
Electronics manufacturing and assembly;
-
Medical and pharmaceutical production and distribution;
-
Clothing and textiles; and
-
Automotive component manufacturing.
Supplementary sectors include:
-
Freight-forwarding and aviation services;
-
Warehousing and storage;
-
Logistics and distribution;
-
Light manufacturing and assembly;
-
High-tech and automotive industries;
-
General manufacturing;
-
Renewable industry; and
-
Cold storage.
Benefits
Dube TradePort Special Economic Zone benefits include:
-
Preferential 15% Corporate Tax for qualifying entities;
-
Building Allowance: 10% per annum for qualifying buildings and fixed structures;
-
Employment Incentives for low salary workers;
-
Customs Controlled Area: Import duty rebates for production-related and exported products, and VAT exemptions under specific conditions for supplies procured in South Africa;
-
Enhanced 12i Tax Incentive: designed to support greenfield investments, as well as brownfield investments;
-
High End Infrastructure: funded through the provincial government and SEZ Fund; and
-
The Black Industrialist Programme: offered by the KwaZulu-Natal Department of Economic Development, Tourism and Environmental Affairs (EDTEA) and the Department of Trade and Industry (dti).
One Stop Shop:
A facility has been developed to provide a supportive environment for businesses operating, or planning to operate, within Dube TradePort Special Economic Zone. The One Stop Shop serves as a single point of contact for clients, acting as their interface with various government agencies and departments. Offerings at Dube TradePort One Stop Shop include assistance with registrations, licensing and visa services, as well as investor after-care services.
Further benefits of investing in Dube TradePort Special Economic Zone include:
-
Customised solutions for investors (e.g. serviced sites and fit-for-purpose buildings);
-
Environmental assistance (where applicable);
-
A clustering development approach;
-
Marketing and other value-added services;
-
ICT service-based infrastructure, allowing for the high-speed connectivity of voice/data/internet and video services into the tenant’s premises through Dube TradePort’s iConnect services;Support with safety, health and environment services;
-
Skills development-related incentives;
-
Export marketing (new market development);
-
Job creation (as national and provincial grants can be accessed concurrently);
-
Foreign investment (with compensation for the qualifying costs of moving new machinery and equipment, excluding vehicles, from abroad);
-
Investing/reinvesting in productive assets;
-
Local enterprise development;
-
Global competitiveness through incentives;
-
Tailored facilities for value-added manufactured goods and tradable services;
-
World-class infrastructure networks (including road, rail, sea and air connectivity); and
-
Readily available land that is customised to the needs of the investor.
Opportunities
Dube TradeZone 2: click here to read about the property investment opportunities within this zone >>
Please click the links below to read more
