As an Industrial Development Zone – Coega offers a particularly unique and advantageous position for the intuitive investor.

Central in terms of east west sea traffic, instant access to the adjacent Port of Ngqura (Africa’s newest deepwater harbour) and all the benefits of an established first world infrastructure – made available by the existing industrial hub of the Nelson Mandela Metro –which is inclusive of the metropolitan City of Port Elizabeth. Coega could almost be the best kept secret – of investment opportunity.

This is an area that is already serviced by the world’s major shipping and logistics companies and is therefore ideal for a wide range of manufactures and logistics service providers who want to serve the world and African markets.

It is home to Africa’s and one of the world’s most diverse automotive clusters – including original equipment manufacturers General Motors, Volkswagen and Mercedes Benz – as well as over 180 component suppliers, including Goodyear, Bridgestone, Corning, Visteon, Hella, Faurecia, LUK and Johnson Controls. Most enjoy the advantages offered by a local and an export market.

This is an IDZ which is mid way between the major markets of the east and west. It also makes use of its swift access to the readily available, vast mineral and other strategic resources, so abundant in Africa. It can do this with ease, thanks to the excellent standard of the express highways, rail and air networks, that are present in Southern Africa.

Yes – Coega is perfectly positioned for the investor who wishes to engage on a world stage.

Coega’s investment benefits at a glance:

• Lower US import tariffs through the American Growth and Opportunity Act (AGOA), which favours African countries.
• Preferential access to European markets (see EU-SA or EU-SACU FTA).
• World class investor support services.
• Purpose built deepwater port with container, bulk and break-bulk terminals.
• Port delays minimised using Coega’s efficient custom control area (see CCA).
• Swift access to existing road, rail, air, sea and telecommunications infrastructure.
• Prime geographic position for global east-west trade.
• Low land costs.
• Skilled labour, competitive and readily available.
• Unique clustering of industries.
• Competitive energy costs.
• Shared resources – minimises costs.
• Fast track construction – reduces time to market.
• Zone is ISO 14001 compliant.
• Outside of Dollar and Euro zones.
• Sophisticated banking infrastructure.
• Protection of intellectual property rights.
• English is business language.
• Falls within European time zone.
• Comprehensive database of environmental, geological and logistical studies to fast track positioning and construction of factories, warehouses and office complexes.

Coega’s investment incentives.

The South African Department of Trade and Industry supports investment thorough the provision of over 90 grants and incentives – they include:

• Double taxation avoidance agreements mean that investors do not pay tax twice, on the same income.
• Customs and excise duty refunds and drawbacks.
• Export marketing and investment assistance scheme.
• Zero rating for value added tax (VAT) on exports and services.
• Capital allowance write-off over 5 years at 20% per annum.
• Wear and tear allowances.
• Depreciation allowance on buildings used for manufacturing.
• Funding through:
• Critical infrastructure fund.
• Black business supplier programme.
• Foreign investment grant.
• Skills support programme.
• Strategic industrial projects.

Investment incentives to match the investors ambitions – Coega truly has unlimited potential.