The Department of Trade and Industry says it plans to pump R216-million into the re-development of five industrial parks around the country.
Minister Rob Davies says that the funding is a continuation of the Revitalisation of the Industrial Parks Programme, which saw R180-million being spent last year.
“Our officials are already in the process of conducting inception meetings to discuss the implementation of the project with key stakeholders,” he adds. “The positive impact of the programme on the economy of the areas where they are located is felt as soon as the implementation begins as most of the labour and construction materials are procured from those areas.”
The five parks are Nkowankowa, Ekandustria, Bodirelo, Phuthaditjhaba and Garankuwa. The dti says that their budgets have already been approved, and that renovations will first focus on security.
“We would like to see these parks operating as centres of excellence and beehives of economic activity, contributing to the growth and diversification of our economy,” continues Davies. “The revitalisation process will ensure that the upgraded parks appeal to private investors, provide a conducive environment and attract investments that will create jobs and assist in promoting economic transformation.”