DURBAN - BRICS Business Council delegates took part in a tour of one of KwaZulu-Natal's Special Economic Zones, the Dube TradePort.
The tour commenced with a meeting with executives from the Dube TradePort and the Richards Bay Industrial Development Zone.
MEC for Economic Development and the Acting Premier of KZN Sihle Zikalala was supposed to meet with the BRICS Business Council instead Belinda Scott the MEC for Finance spoke to the delegation in his place.
Kaya Ngqaka, the Chief Operating Officer for the Dube TradePort gave a presentation at the SEZ's offices.
Ngqaka highlighted some of the benefits of businesses choosing the Dube TradePort as the location for their offices.
According to Ngqaka, if a business is based at the Dube TradePort then they will only pay 15% corporate tax which is much lower compared to the normal corporate tax rate of 28%.
Other benefits include not having to pay tax on manufacturing for export purposes and businesses don't have to pay duties on imported materials that will be manufactured for export purposes.
The CEO of the Richards Bay Industrial Development Zone Pumi Motsoahae spoke about the coastal town's SEZ.
The CEO highlighted that Richard Bay is home to one of the leading coal terminals in the world.
He also shared with the council representatives that the zone has 3000 hectares of land available that can be used for companies to set up their offices and spoke about the high yielding agriculture area that is in Richards Bay.
After the presentations, the council was transported to the Dube TradePort cargo holding facility. There the council was given a tour of the facility and informed about the operations of the holding facility.
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