CDC predicts thousands of new jobs
By Dorette De Swart - 22 September 2014
COEGA plans to create thousands of jobs with the expansion of its metal sector over the next decade. Job estimates were forecast to be between 8 198 direct and 19 853 indirect positions through projects already in the pipeline at the industrial development zone (IDZ), the Coega Development Corporation (CDC) said.
It plans to attract R28-billion in local and foreign investments to the IDZ. The CDC said 20% of the zone would be targeted for ferrous and non-ferrous metal industrial activity. The figures are provided in the CDC’s newly unveiled 2014-2024 metals cluster strategy document.
CDC metallurgy business development manager Sadick Davids said the sector had a healthy investment pipeline.
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