In a statement last Friday, CDC said it had created 18366 jobs in the past financial year in addition to attracting billions of rands in new investments. CDC is the operator of the Port Elizabeth-based Coega Industrial Development Zone (IDZ) project that covers 150 500 hectares of land.
It is located adjacent to the deep-water Port of Ngqura and just a few kilometres from the Port Elizabeth port and its container, car, break-bulk and bulk terminals. It was established in 1999 and is divided into 14 zones that provide investment opportunities for local and international investors. To date the project has attracted over 54 new investors with over R30 billion investment.