Page 5 - RBIDZ

THE RICHARDS BAY INDUSTRIAL

DEVELOPMENT ZONE

COMPANY (SOC) LTD (RBIDZ)

Ltd (RBIDZ) is a purposebuilt and secure industrial estate on the GATEWAY TO
The Richards Bay Industrial Development Zone Company (SOC)
northeastern coast of KwaZulu-Natal, linked to the international
of goods and production of services to boost beneficiation, WORLD MARKETS
deep-water port of Richards Bay. It is tailored for the manufacturing
investment, economic growth and the development of skills and
employment. The RBIDZ is deemed to be a Special Economic VISION
Zone (SEZ) that aims to encourage international competitiveness
through world-class infrastructure as well as tax, VAT and duty- To be the preferred Special Economic Zone for
free incentives to qualifying investors. quality investments while delivering value to our
stakeholders.
The RBIDZ strategy is geared to provide significant contribution to
the country’s economic growth through creation of employment MISSION
opportunities, upgrading the skills, technology transfer, deepening
economic empowerment of historically disadvantaged individuals To utilise the competitive advantage of the Richards
and broadening of South Africa’s basket of export products. Bay area to attract sustainable investments that stimulate
economic growth, job creation, beneficiation of
INCENTIVES PROVIDED BY RBIDZ TO INVESTORS INCLUDE: resources and the empowerment of people.
• Reduction in corporate income tax from 28% to 15%.
• VAT exemption for supplies procured in South Africa. COMPANY PROFILE
• Duty-free on imports for production-related raw materials
including machinery and assets used in production. Company name: Richards Bay Industrial Development Zone
• Location in a secured and Customs Controlled Area (CCA) (SOC) Ltd (RBIDZ)
• World–class industrial infrastructure. The RBIDZ’s objectives: Industry sector: Manufacturing
• To attract local and foreign direct investment; Year established: 2002
• To attract advanced foreign production and technology Year licensed to operate: 2009
methods in order to gain experience in global manufacturing Key personnel: CEO – Pumi Motsoahae
and production networks;
• To develop linkages between domestic and zonebased
industries;
• To provide world–class industrial infrastructure.

THE RBIDZ’S KEY FOCUS SECTORS:
• Metals Beneficiation (Aluminium, Iron Ore, Titanium)
• ICT (Techno–parks, Innovation Hubs)
• Renewable Energy (Solar, Fuel Cells, Biomass)
• Agro-Processing
• Marine Industry Development

GATEWAY TO WORLD MARKETS 3