JOHANNESBURG -The state-owned Coega Development Corporation, which operates the Coega special economic zone (SEZ) in Nelson Mandela Bay, said on Thursday it had secured R2.6 billion in new investments in the 2018/19 financial year.
In a statement, it said the 18 new investments represented the largest share of investments signed in 2018/19 following an environmental impact assessment approval just over a year ago. Of these, 18 percent originated from China while the rest emanated from South African firms.
Investments for the CDC’s aquaculture development zone came in at R848 million and represented almost a third of the R2.6 billion.
"The private sector aquaculture investment projects included an abalone farm and a land-based aquaculture farming facility," it said.
"In the metals sector, investments with a combined value of R760 million were signed which represented a third of the total investments secured by CDC in the past financial year."