Sustainable Development Goal 9 was formulated and adopted in view of Africa’s inefficacy to industrialize. This policy intends to ‘build resilient infrastructure, promote sustainable industrialization and foster innovation’. Industrial development is recognised as one of many nation’s top priorities, subsequently numerous emerging alternatives abound for Africa to industrialize. To seize such opportunities, African governments are required to implement innovative approaches to industrial policy, considered one of which is an elevated concentrate on the function of Special Economic Zones (SEZs) and industrial parks as instruments of business growth.
Industrial Parks and SEZ’s are two of the spatial interventions recognized by the South African authorities and are subsequently aligned with global approaches. Industrial areas may be leveraged as catalysts for socio-economic development. All issues considered, such areas are recognised as enablers and are therefore often managed as such, and never for rent-seeking purposes. Moreover, industrial parks and SEZs successfully lend themselves as areas for piloting and experimentation of latest technologies and completely different approaches to industrial improvement, as properly as for neighborhood and environmental programmes owing to the nexus between these three features.
Industrial parks and SEZs, as well as associated industrial spaces, have the potential to develop the economy because owing to the alternatives for employment and establishing new companies and worth chains. This consequently develops the tax base and native economic exercise which is crucial in facilitating social growth. The myriad of interventions established via industrial areas support industrial and financial development, the transition to good cities and transformation to a green economic system as nicely as facilitate adoption of 4th Industrial Revolution solutions. What’s extra, such interventions present a platform for widespread engagement of multiple stakeholders that helps win-win outcomes serving economic, social and environmental interests. Accordingly, industrial parks and SEZ’s have the propensity to provide increased worth, assuming the required planning and implementation is pursued proactively.
READ: Germany pledges US $116M for renewable energy in Africa
There are presently an estimated 4000 industrial zones globally (SEZ’s, EPZ, FTZ’s etcetera), evidently demonstrating the validity of such mechanisms. There is, nevertheless, debate as to the success of those zones and research has subsequently recognized multiple success factors, corresponding to governance, enabling regulatory frameworks, location and types of services provided. Suffice it to say, it remains worthwhile to discover the training gained in executing such spaces and the influence on supporting economic actions in a sustainable manner that help constructive industrial, social and environmental outcomes.
The Special Economic Zones and Industrial Parks Programmes of the Department of Trade, Industry and Competition (the dtic) will play a crucial role in the effectuation of South Africa’s financial reconstruction and recovery plan. ส่วนประกอบpressuregauge stems from the SEZ Programme representing the core of the reimagined industrial strategy, which is purposefully structured to stimulate local and foreign direct investments.
Notwithstanding the catastrophic influence of the COVID-19 pandemic on global economies, the value of personal investments in the South African SEZs noticed a R1.eight billion increase from March 2019 to March 2020, while the number of operational investments rose from 129 to 143 in the identical time frame. It is projected that the number and worth of operational investments will increase by virtually R10 billion when the following financial 12 months ends.
Industrial Parks and Special Economic Zones represent a key feature inside the conference of the upcoming and eagerly awaited Manufacturing Indaba. The virtual conference and exhibition, to be hosted between 22 – 25 November 2021, is about to assemble international trade experts to deal with technological improvements and evolving trends, while in search of actionable solutions to pressing challenges. The platform will empower thought leaders to trade concepts, insights and experiences and serves to lift consciousness of rising opportunities throughout the realm that is manufacturing.
Share