The East London IDZ seeks to attact investments that:
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Stimulate export orientated industrial activity by expanding domestic industry participation in global product value chains through attainment of enhanced competitiveness, extended capability to beneficiate resource locally and via improved global market access
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Are compatible with the industrial clustering and strategic investment focus of the East London IDZ and, preferably, that embody eupply chain synergies or other productive linkages that will complement and strengthen the existing industrial sectors and local economy.
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Demonstrate sectroal or enterprise potential to generate and deliver as acceptable mix of targeted socio-economic benefits, which benefits include:
- Support of job creation and industries and employment retention
- Securing of foreign direct investment into export-oriented productive
capacity, and
- Industrial skills, konwledge and technology transfer or development
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Contribute to the long term economic potential of the city and regional economy in a sustainable manner, which includes investor/investment conformance with:
- appropriate health, safety and environmental legislations and practices;
- appropriate industrial relations and employment legislations and practices;
- customs and international trade administration legislation and practices;
and
- legislated national transformation and empowerment policy
Acceptable investments should also:
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Comply with all applicable national and IDZ regulations and meet the IDZ operational requirements of the IDZ Operator Guidelines and the local Zone Management Regulations; and
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Substantiate the business potential and project financial viability of the invesment via presentation of approved business plans, which should include an acceptable invesment project funding plan.
