OWNERSHIP & FUNDING
The ELIDZ was set up to respond to the need for a robust catalyst for economic development and industrial diversification in the country. The organisation is part of the South African government’s Special Economic Zones (SEZ) Programme and is intended to develop, operate and maintain modern purpose-built infrastructure while attracting strategic investments into the region.
The ELIDZ is wholly owned by government and its shareholding is as follows:
- 74% Department of Economic Development Environmental Affairs and Tourism (DEDEAT)
- 26% Buffalo City Metropolitan Municipality (BCMM)
The ELIDZ funders:
- The Department of Trade, Industry and Competition’s SEZ Fund for Capital Projects
- The Department of Economic Development Environmental Affairs and Tourism for operational costs.
ELIDZ’s CORE IDEOLOGY
Our Vision
A catalyst for growing a strong regional industrial base, supported and sustained by a business ecosystem that serves to extend the global competitiveness of local industries.
Our Mission
To attract and retain targeted industries through the operation of a world class investment location, supported by a conducive business environment and special economic zone benefits, where industries excel and prosper.
ELIDZ’s STRATEGIC OUTCOMES
40+
Operational Investors on our platform
R7.7bn
Worth of Private Sector Investment
3945+
Active jobs within the ELIDZ