Share

Davies announces special platinum belt zone

Johannesburg - Trade and Industry Minister Rob Davies has announced the establishment of a special economic zone in the Rustenburg platinum belt in the North West.

"The purpose of the zone will be to develop industries that use platinum as an input," Davies said.

"These include jewellery, catalytic converters and fuel cell technology."

The minister was speaking at a seminar hosted by the Japanese Chamber of Commerce and the Japan External Trade Organisation and industry in South Africa.

He was addressing re-industrialisation in South Africa and the Industrial Policy Action Plan (Ipap).

Wish list

Davies said his department had made significant gains since the plan's inception in the 2007/2008 financial year.

Progress had been made in the clothing and textile, automotive, agro-processing and film sectors.

"Ipap is neither a policy document nor a wish list.

"It's a set of time-bound actions which have to be undertaken by different parts of the government."

He said they had been successful because they had been developed in consultation with the private sector.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.99
-0.3%
Rand - Pound
24.14
-0.1%
Rand - Euro
20.64
-0.2%
Rand - Aus dollar
12.39
+0.3%
Rand - Yen
0.13
+0.5%
Platinum
913.65
-1.1%
Palladium
1,016.50
-4.6%
Gold
2,158.56
-0.1%
Silver
24.98
-0.2%
Brent Crude
86.89
+1.8%
Top 40
66,252
0.0%
All Share
72,431
0.0%
Resource 10
53,317
0.0%
Industrial 25
100,473
0.0%
Financial 15
16,622
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders