Page 36 - KZN Top Business Portfolio 2018

RICHARDS BAY INDUSTRIAL DEVELOPMENT ZONE

CEO: Pumi Motsoahae Chairperson: Mel Clark
www.rbidz.co.za
Manufacturing Sector
DELIVERING VALUE TO STAKEHOLDERS
The RBIDZ is an integral part of Government’s
Richards Bay Industrial Development Zone Ltd (RBIDZ) macroeconomic policy to develop South Africa’s
is an agency of the KwaZulu-Natal government. The manufacturing sector. This is done through encouraging
RBIDZ is located within the growing City of uMhlathuze, investment in export orientated manufacturing
which incorporates Empangeni and Richards Bay. industries, centred on beneficiation of the country’s
natural resources and thereby creating opportunities
The geographic location of the RBIDZ, neighbouring for employment, and has already entered into
the Port of Richards Bay and facing the trading agreements with locators who will bring billions of
currents of the Indian Ocean, brings it nearer to rand of investment to the Richards Bay area.
some of the major international trade routes. It is
strategically positioned to service Gauteng and its A metals beneficiation hub will offer tenants:
strong mixture of industry, as well as the SADC’s � Improved intra-inter department cooperation
emerging market economies, which depend largely � Support for technical upgrades
on the Port of Richards Bay for trade. This location � Promotion of industry development by
provides investors seeking efficiency and wishing to encouraging cluster/alliances/cooperation in the
utilise South Africa, in particular Richards Bay, an all- metals and aluminium pipelines
in-one official gateway to emerging African markets. � Sub-sector data including export/import market
information
The RBIDZ has a sustained campaign to draw the
attention of investors to the region while motivating The Nyanza Light Metals beneficiation plant is
existing firms towards expansions that had a butterfly located in RBIDZ Phase 1F estate in Alton. The plant
effect on business and employment opportunities. construction commenced in 2017 with full production
Investments worth more than R10 billion encompassing set to begin in 2020.
business operations from a wide range of economic Nyanza Light Metals and New Zealand investor, Avertana
sectors have recently been signed, with continued Limited will extract titanium dioxide pigment from 45
efforts to create suitable sites for business operations. million tons of waste slag, which has been stockpiled by
Evraz Highveld and Vanadium at its Witbank operations
The RBIDZ, which is deemed to be a Special Economic since 1965. Titanium dioxide pigment is used in various
Zone (SEZ), aims to encourage international compe- products such as paint, toothpaste and food colourants.
titiveness through offering a number of benefits:
In line with the industrial development zone’s statutory
� The reduction in corporate tax from 28 to 15% requirements 20% of an estimated R300 million
� World-class industrial land that support construction spend in Phase 1F, would go to local small,
infrastructure for export-orientated production medium and micro enterprises.
� Dedicated in-house Customs Controlled Area
(CCA) that supports services to expedite Agro-Processing
forwarding and clearing Agro processing is one of the priority sectors. Specific
� Duty-free on imports for production related raw services offered include:
materials including machinery and assets used in � A dedicated warehouse for the export of value
production with aim of exporting the added products
finished products � A manufacturing facility for various commodities
� VAT exemptions under specific conditions for � A dedicated warehouse for processed products
supplies procured in South Africa for export

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