Sustainable Development Goal 9 was formulated and adopted in view of Africa’s inefficacy to industrialize. This policy intends to ‘build resilient infrastructure, promote sustainable industrialization and foster innovation’. Industrial development is recognised as one of the nation’s prime priorities, subsequently varied rising opportunities abound for Africa to industrialize. To seize such opportunities, African governments are required to implement progressive approaches to industrial policy, considered one of which is an increased concentrate on the function of Special Economic Zones (SEZs) and industrial parks as devices of business development.
Industrial Parks and SEZ’s are two of the spatial interventions recognized by the South African government and are subsequently aligned with global approaches. Industrial areas may be leveraged as catalysts for socio-economic development. All things thought of, such spaces are recognised as enablers and are subsequently often managed as such, and not for rent-seeking functions. Moreover, industrial parks and SEZs successfully lend themselves as spaces for piloting and experimentation of latest applied sciences and totally different approaches to industrial improvement, as nicely as for neighborhood and environmental programmes owing to the nexus between these three features.
Industrial parks and SEZs, in addition to associated industrial spaces, have the potential to develop the financial system because owing to the opportunities for employment and establishing new companies and worth chains. This consequently develops the tax base and local financial activity which is critical in facilitating social improvement. The myriad of interventions established by way of industrial areas assist industrial and financial improvement, the transition to good cities and transformation to a green economic system as nicely as facilitate adoption of 4th Industrial Revolution solutions. What’s more, such interventions present a platform for widespread engagement of multiple stakeholders that supports win-win outcomes serving financial, social and environmental pursuits. Accordingly, industrial parks and SEZ’s have the propensity to supply elevated value, assuming the necessary planning and implementation is pursued proactively.
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There are presently an estimated 4000 industrial zones globally (SEZ’s, EPZ, FTZ’s etcetera), evidently demonstrating the validity of such mechanisms. There is, nevertheless, debate as to the success of these zones and analysis has subsequently identified a quantity of success factors, corresponding to governance, enabling regulatory frameworks, location and types of services supplied. Suffice it to say, it remains worthwhile to discover the training gained in executing such spaces and the impression on supporting financial activities in a sustainable manner that assist optimistic industrial, social and environmental outcomes.
The Special Economic Zones and Industrial Parks Programmes of the Department of Trade, Industry and Competition (the dtic) will play a critical role within the effectuation of South Africa’s economic reconstruction and restoration plan. This ultimately stems from the SEZ Programme representing the core of the reimagined industrial strategy, which is purposefully structured to stimulate native and overseas direct investments.
Notwithstanding the catastrophic influence of the COVID-19 pandemic on world economies, the value of personal investments in the South African SEZs saw a R1.8 billion enhance from March 2019 to March 2020, while the number of operational investments rose from 129 to 143 in the identical timeframe. It is projected that the quantity and worth of operational investments will enhance by virtually R10 billion when the next financial 12 months ends.
Industrial Parks and Special Economic Zones symbolize a key characteristic within the convention of the upcoming and eagerly awaited Manufacturing Indaba. เกจ์แรงดัน and exhibition, to be hosted between 22 – 25 November 2021, is ready to assemble worldwide business specialists to handle technological innovations and evolving developments, while seeking actionable solutions to pressing challenges. The platform will empower thought leaders to exchange ideas, insights and experiences and serves to boost awareness of emerging alternatives throughout the realm that’s manufacturing.