Richards Bay Industrial Development Zone

RICHARDS BAY INDUSTRIAL DEVELOPMENT ZONE

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1. BACKGROUND

The Richards Bay IDZ is a Government promoted company in which equity is owned as follows:

KZN Provincial Government via Ithala 60%
City of uMhlathuze (Richards Bay) 40%

2. STRATEGIC OBJECTIVE

The strategic intent of the Richards Bay Industrial Development Zone Company (RBIDZ) is to realize the fundamental objectives set out by Cabinet upon establishing the IDZ Programme, namely:

• Develop and establish a purpose built world-class industrial park incorporating a delimited Customs Controlled Area and linked to the Richards Bay International Port;

• Provide quality infrastructure including ITC and transport infrastructure, business and utility services.

• Attract foreign and local investment projects which:

- create jobs

- are export led

- are sustainable

• make arrangements for and mobilize financial, human and other resources for the development of the RBIDZ;

• promote, foster and mentor BEE and SMME business opportunities in and around the zone.

3. ADVANTAGES OF THE RICHARDS BAY IDZ

Specific IDZ advantages are inter-alia:

• No VAT or import duties payable within Customs Secure Areas.

• Dedicated Customs office, with electronic customs systems, on site.

• One-stop-shop information service for potential investors.

• Fast tracking of Government regulations.

• Foreign ownership may be 100% (BEE partnerships encouraged).

• First-world infrastructure and low-cost utilities.

• Government incentives, with respect to establishment, increasing competitiveness and innovation, importation of new machinery and establishment of export markets.

• Ease of access to SA’s largest deep-water port and world markets.

• Existing developed local support and service industries.

• Suited to businesses that are export orientated, or heavy users of electricity and water.

• Various downstream opportunities in Aluminium, Heavy Metals, Chemicals, Wood, Pulp, Paper, and Agricultural products.

• Quality lifestyle in respect of housing, medical and educational infrastructure, as well as recreational activities, within a pristine coastal environment, in close proximity to game reserves and lakes.

4. POTENTIAL INVESTMENT PROJECTS

Potential Investors are sought, for the projects below:

4.1 Aluminium:

4.1.1 Aluminium automotive parts such as aluminium wheels
4.1.2 Extrusion plant worth some R50 to R100 ml
4.1.3 Downstream fabricated products from extrusions

4.2 Heavy Metals:

4 2.1 Titanium Pigment plant worth some R3 bl
4.2.2 Titanium Metal plant worth some R2 bl
4.2.3 Magnesium Metal plant worth some R900 ml

4.3 Building Products:

4.3.1 Bitumised roofing plant worth some R40 ml
4.3.2 Cement manufacturing – approximately R50m

4.4 Dry Dock:

4.4.1 Ship repair supporting services cluster worth over R1.5 bl

4.5 Renewable Energy Projects:

4.5.1 Biodiesel from jatropha and other plants – R170 ml
4.5.2 Wood Pellets for Europe, from waste brush cuttings etc. – R40 ml
4.5.3 Electricity generation from methane extracted out of waste sites

4.6 Agro-processing Projects:

4.6.1 Inclusive of organic sugar, vegetables, tropical fruit, macadamia nuts & tequila.

4.7 Rubber Recycling:

4.71. Based on waste rubber such as tyres, hoses, door / window seals etc.

4.8 Granite:

4.8.1 Processing of granite, then exporting. Capex approx. R500 ml.

CONTACTS

Cliff Bell, Business Development & Marketing Mngr
Richards Bay IDZ
cliffbell@richardsbayidz.co.za

Dr Syd Kelly, Chief Executive Officer

Richards Bay IDZ

sydkelly@telkomsa.net

www.richardsbayidz.co.za