Industrial development zones (IDZs) or special economic zones (SEZs) are specific geographical areas in a country where certain economic activities are promoted through a set of policy measures not generally applicable to the rest of the country.
What is IDZ?
An Industrial Development Zone (IDZ) is a purpose-built industrial estate linked to an international seaport or airport and which is capable of leveraging fixed direct investments in value-added and export-orientated manufacturing industries.
What is SDI and IDZ in geography?
Simply put: The difference between an SDI and an IDZ is that SDI’s are broad geographical . areas within which different economic activities can take place , while IDZs are specific, smaller areas, targeted for industrial export manufacturing.
How many IDZ are there in South Africa?
Three IDZ . The three main IDZ in South Africa is Coega (in Eastern Cape), East London (in Eastern Cape) and Dube (in KwaZulu-Natal). Below a short summary of the three zones.
What are the main industrial activities in Saldanha IDZ?
Saldanha has developed into the largest industrial centre along the West Coast and there is further growth potential in the downstream steel manufacturing sector , agricultural sector and the mining sector, which can lead to job creation.
Why was IDZ not successful?
Lionel October, the director-general at the Department of Trade and Industry, admitted this week that the country’s Industrial Development Zones (IDZs) programme had underperformed when it came to attracting investors, citing lack of attractive incentives , or the so-called tax holidays.
What is the main purpose IDZs?
The intention with IDZs is to promote the competitiveness of the manufacturing sector and to encourage the use of locally available resources to encourage exports . Within an IDZ are found Customs Controlled Areas (CCAs).
What comes under economic geography?
What is Economic Geography? human economic activities – production, consumption, and exchange , with emphasis on resource endowments, international trade and commerce, population growth, settlements, development, interaction and interdependencies, and regional supply and demand.
What are the strategies for industrial development?
The industrial development strategies are generally divided into two types: industrial development strategy by introducing external capital (ISEC) and industrial development strategy by utilizing local resource (ISLR).
What is the Platinum SDI?
The Platinum SDI provides a link between the harbours of Maputo Port in Mozambique and Walvis Bay in Namibia . ... It connects the capital cities of four SADC countries, namely Maputo (Mozambique), Pretoria (South Africa), Gaborone (Botswana) and Windhoek (Namibia).
What are the weaknesses of the IDZ?
Evaluations of the IDZs have also identified weaknesses which include fragile governance, lack of incentives , poor stakeholder co-ordination and a lack of integrated planning (DTI, 2013:3).
What is an SEZ in South Africa?
Special Economic Zones (SEZs) within South Africa are geographically designated areas set aside for specifically targeted economic activities to promote national economic growth and exports by using support measures to attract foreign and domestic investments and technology.
What negative impact did July 2021 political riots have on the South African economy?
The riots and looting resulted in food shortages, fuel shortages and medical supply shortages . Kwa Zulu Natal and Gauteng account for more than half of South Africa’s Gross Domestic Product (GDP) and during the riots on the 12 July, the Rand, local currency, weakened by about 2% affecting the economy.
In which province is Saldanha Bay IDZ found?
Saldanha, also known as Saldanha Bay, is a town of 21,636 people, located 110 kilometres (70 mi) north of Cape Town on the northern shore of Saldanha Bay, in the Western Cape province of South Africa.
Why the Saldanha Bay IDZ has potential for economic growth?
Trade and Industry Minister Rob Davies said a feasibility study had shown that Saldanha Bay was strategically located to serve the oil and gas sector on the African continent due to an increasing number of oil rigs requiring maintenance and passing by the West Coast to the East Coast of Africa .
What is Saldanha Bay known for?
Saldanha Bay (Afrikaans: Saldanhabaai) is a natural harbour on the south-western coast of South Africa. ... Saldanha Bay’s location makes it a paradise for the watersport enthusiast, and its local economy being strongly dependent on fishing, mussels, seafood processing, the steel industry and the harbour .
