{"id":50592,"date":"2017-09-12T06:00:21","date_gmt":"2017-09-12T04:00:21","guid":{"rendered":"https:\/\/novanews.co.za\/weskusnuus\/residents-urged-to-share-views-on-planned-sez-20170911\/"},"modified":"2025-03-20T21:02:02","modified_gmt":"2025-03-20T19:02:02","slug":"residents-urged-to-share-views-on-planned-sez-20170911","status":"publish","type":"post","link":"https:\/\/novanews.co.za\/weskusnuus\/residents-urged-to-share-views-on-planned-sez-20170911\/","title":{"rendered":"Residents urged to share views on planned SEZ"},"content":{"rendered":"\n<p>Atlantis residents and stakeholders are urged to support the Special Economic Zone (SEZ) designation to boost investment and job creation.<\/p>\n\n\n\n<p>The notice to designate a land area of 124,5 hectares in the Atlantis industrial area, as an SEZ was published in the <i>Government Gazette<\/i> on Friday, members of the public now have 30 days to submit their comments or objections to the Department of Trade and Industry (DTI). <\/p>\n\n\n\n<p>After the 30-day period, questions and answers on this application will be reviewed and finally submitted to Minister of Trade and Industry Rob Davies to table at cabinet. <\/p>\n\n\n\n<p>\u201cThe declaration of Atlantis as an SEZ is a declaration to the people of Atlantis that government is serious about economic, social development and job creation in the area,\u201d said MEC of Economic Opportunities Alan Winde.<\/p>\n\n\n\n<p>Winde called on residents to support the designation and submit their comments to the DTI so government can continue to make progress possible and create even more jobs. <\/p>\n\n\n\n<p>In 2012, the City of Cape Town developed a way to bring jobs back to the area through its Atlantis Revitalisation Strategy. <\/p>\n\n\n\n<p>The City identified an opportunity to establish a GreenTech hub that would tap into growing global GreenTech market opportunities while addressing unemployment challenges in Atlantis. <\/p>\n\n\n\n<p>Based on that vision, the City designed a land disposal process for GreenTech that took into account investor requirements, particularly being able to access land swiftly. <\/p>\n\n\n\n<p>To date, the City\u2019s efforts towards its vision for a GreenTech hub include providing land as a GreenTech industrial park, to support the revitalisation of Atlantis as a strategic development node, and providing financial and non-financial incentives for investors. <\/p>\n\n\n\n<p>Some of the incentives provided by the City to attract investment includes fast-tracking land use and building plans, a reduced electricity tariff, providing exemption from application fees for land and building plans and debt write offs to businesses that meet employment targets.<\/p>\n\n\n\n<p>\u201cBy 2016, the total uptake of non-financial incentives was 1 039, and over R40 million worth of financial incentives since 2013,\u201d said Winde. The uptake in the electricity tariff subsidy in Atlantis remains the most significant, supporting business retention with 1 450 job opportunities retained.<\/p>\n\n\n\n<p>Atlantis has already attracted major investment to the tune of R680 million, while the revival expected in the area as a result of the SEZ status will present massive opportunities for companies who invest in the area. GreenCape has engaged many stakeholders along the way in Atlantis and across the country. <\/p>\n\n\n\n<p>The area is poised for great success, with a range of additional incentives, for investors once SEZ is officially declared. <br><b>Some of the investment to date includes:<\/b><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>five investors that are operational in the proposed zone (totalling approximately R680 m in investment)<\/li>\n\n\n\n<li>two further investors that are in advanced stages of negotiation with the City to lease the land;<\/li>\n\n\n\n<li>R1,8bn in investment anticipated before 2022 creating about 1 200 direct jobs. <\/li>\n<\/ul>\n\n\n\n<p>Chief Executive Officer of GreenCape, Mike Mulcahy, said: \u201cGreenCape will continue to focus on helping GreenTech manufacturing companies invest and establish in Atlantis \u2014 creating sustainable, future proof jobs.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Atlantis residents and stakeholders are urged to 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