employment thumb100 TimesLIVE reports that as SA bleeds jobs, four new companies are investing a combined R49m at the Coega Industrial Development Zone (IDZ) in Nelson Mandela Bay and creating employment for at least 100 people.  

The new investors would add to the 45 already operating from the Coega IDZ, Coega Development Corporation (CDC) spokesperson Ayanda Vilakazi indicated.  “The achievement of four new investors signed this year follows from the corporate performance results of last year, where the CDC created 14,240 construction jobs and accumulative operational jobs,” Vilakazi said.  He advised that they would create a combined 101 jobs.  Though confidentiality clauses prohibit the disclosure of the names of the investors, Vilakazi said the Coega special economic zone has focused on diversifying the economy by attracting investors from multiple sectors, including the business process outsourcing, energy and automotive sectors.  The new investors are in the manufacturing and logistics sectors.


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