how has beneficiation stimulated the expansion of the SBIDZ?
Answers
Answer:
The Saldanha Bay IDZ (SBIDZ) is the only sector-specific Industrial Development Zone (IDZ) in South Africa. It is also the first contiguous development between back-of-port industrial land, the ports authority (Transnet) and port terminals.
Explanation:
It is estimated that the SBIDZ has the potential to contribute 86% to the gross geographic product of the Western Cape, creating around 12 000 new jobs.
The initial focus of the SBIDZ is the Oil & Gas and Marine Repair Cluster, which comprises three main elements: the Oil & Gas Supply Base, the Marine and Rig Repair Centre and the Fabrication Centre.
The SBIDZ operates in the second largest and most competitive downstream sector in Africa. As such, the Western Cape is well positioned to serve the rapidly expanding West African oil and gas market.
Answer:
The Saldanha Bay IDZ (SBIDZ) is the only sector-specific Industrial Development Zone (IDZ) in South Africa. It is also the first contiguous development between back-of-port industrial land, the ports authority (Transnet) and port terminals.
Explanation:
It is estimated that the SBIDZ has the potential to contribute 86% to the gross geographic product of the Western Cape, creating around 12 000 new jobs.
The initial focus of the SBIDZ is the Oil & Gas and Marine Repair Cluster, which comprises three main elements: the Oil & Gas Supply Base, the Marine and Rig Repair Centre and the Fabrication Centre.
The SBIDZ operates in the second largest and most competitive downstream sector in Africa. As such, the Western Cape is well positioned to serve the rapidly expanding West African oil and gas market.
OR
Saldanha Bay Industrial Development Zone - a platform to stimulate growth, investment and employment:
The Department of Trade and Industry (the dti) made a presentation on the transitional framework of the Saldanha Bay Industrial Development Zone (SBIDZ) to a Special Economic Zone (SEZ). The content of the presentation focussed on the following areas: definition of SEZ programme, strategic objectives of SEZ programme, key transitional imperatives, challenges and opportunities.
The definition of SEZ: is a geographic area of a country or region set aside for designated economic and industrial activities, which are supported through special measures that do not necessarily apply to the rest of the country.
The goal is to stimulate and accelerate economic activities starting in the designated areas but expanding beyond the broader region and country.
The key objectives of an SEZ is to among others; attract foreign and domestic direct investment, build additional industrial hubs, and build strategic industrial ecosystems in host regions.
In terms of the transitional plan, the dti reported that the SBIDZ Operator, Western Cape Provincial Government, is in the process of developing the SBIDZ Transitional Plan. The Transitional Plan after being finalised shall be submitted to the Director-General of the Department of Trade and Industry for approval- before implementation.
Explanation: