PROFILE Maluti-A-Phofung
PROFILE Maluti-A-Phofung SEZ investment opportunities The SEZ is booming with investment to the tune of R1.1-billon for 2020. MAP SEZ CEO Mpho Mgemane of the traffic to different locations in South Africa and neighbouring countries such as Lesotho and Swaziland. Through its cross-docking precinct and its logistics and warehousing sectors the MAP SEZ presents itself as a solution to lighten the traffic pressure on the N3. This Special Economic Zone (SEZ) is part of the Free State leg of the massive Durban-Free State-Gauteng logistics and industrial corridor that is intended to strengthen the logistics and transport corridor between South Africa’s main industrial hubs to: • Ignite the economy of the region through industrialisation. • Attract foreign and direct investment. • Create access to export and import markets. • Integrate Free State industrial strategy activities into the corridor. • Create job opportunities and grow the economy within the region. Maluti-A-Phofung Special Economic Zone (MAP SEZ) has been established in terms of the Special Economic Zones Act No 16 of 2014. The programme is intended to deepen industrial development and improve manufacturing competitiveness in the Maluti- A-Phofung region. Since the Durban port is the busiest in the southern hemisphere, it therefore means that the N3 carries the majority Objectives As part of its mandate, the MAP SEZ is intended to establish manufacturing opportunities and create a regional and international trade environment with added value-chain benefits. It has also been established to simulate social and economic benefits and regional development and to create a prosperous trade city and functional trade ecosystem. Finally, to encourage beneficiation activities that promote value-added benefits and help to create a prosperous trade city and functional trade ecosystem. FREE STATE BUSINESS 2022 2021 20 18
PROFILE Priority sectors Some of the many MAP SEZ priority sectors are: • Automotive • Agro-processing • Logistics • General processing • ICT • Pharmaceuticals. From this pipeline MAP SEZ is proud to pronounce that it has secured investments from five investors to the value of R1.1-billion in various sectors. The operations of these investors were established in June, September and November 2020. These investors are a source of great pride for the MAP SEZ as they have created 103 137 jobs since the start of their operations and are projected to create 466 jobs collectively, once they are fully operational. The MAP SEZ is now gaining momentum in terms of attracting local and foreign investors and is supported by its healthy investment pipeline of approximately R3.2-billion, R2.6-billion in which the next is project-ed five years, which to create will create 12 000 an work estimated opportunities. 22 130 permanent ■ and temporary jobs. ■ Investor benefits Some of the many investor benefits that can be derived from locating within MAP SEZ include but are not limited to the following: • 15% corporate tax instead of 28% corporate tax. • Building allowance tax. • Employment incentive tax. • 12i tax allowance. MAP SEZ milestones Maluti-A-Phofung SEZ was granted an operator permit in 2017 by the Minister of Trade, Industry and Competition after cabinet approval. MAP SEZ was gazetted as a Special Economic Zone on 2 June 2017 and its tax incentives were gazetted on 6 July 2018. SEZ project pipeline Since inception the MAP SEZ has engaged numerous investors and through these engagements has built a pipeline of lucrative local and international investments to the tune of R2.3-billion. Contact details Any investor interested in establishing their business within the SEZ can contact: Ms M Setai, Manager in the Office of the Chief Executive Officer Maluti-a-Phofung A Special Economic Zone Tel: +27 51 4000 800 | Cell: +27 73 210 0935 Email: maphoika@mapsez.co.za | Website: www.mapsez.co.za 21 19 FREE STATE BUSINESS 2022 2021
