{"id":5170,"date":"2023-09-08T12:30:59","date_gmt":"2023-09-08T10:30:59","guid":{"rendered":"https:\/\/mype.co.za\/business\/?p=5170"},"modified":"2023-09-08T12:30:59","modified_gmt":"2023-09-08T10:30:59","slug":"coega-achieves-remarkable-milestone-of-15222-jobs-during-2022-23-financial-year","status":"publish","type":"post","link":"https:\/\/mype.co.za\/business\/coega-achieves-remarkable-milestone-of-15222-jobs-during-2022-23-financial-year\/","title":{"rendered":"Coega Achieves Remarkable Milestone of 15,222 Jobs during 2022\/23 Financial Year"},"content":{"rendered":"

Coega has made significant strides in job creation, through 15,222 total jobs created, which comprise 5,844 construction jobs and 9,378 accumulative operational jobs in the Coega Special Economic Zone.<\/p>\n

Coega has yet again emerged as a beacon of hope and catalyst for driving economic development.<\/p>\n

Through its steadfast commitment to creating a preferred investment destination in Africa and cultivating sustainable strategic partnerships, Coega has made significant strides in job creation, through 15,222 total jobs created, which comprise 5,844 construction jobs and 9,378 accumulative operational jobs in the Coega Special Economic Zone (SEZ).<\/p>\n

Coega aims to stimulate socio-economic development through, amongst other efforts, attracting sustainable investments in the SEZ, and as a trusted infrastructure implementing agent of choice in the country and beyond its borders through the Coega Africa Programme (CAP). Empirical studies have shown that economic growth tends to be positively associated with job creation. Throughout the 2022\/23 financial year, Coega has demonstrated unparalleled success in the realm of job creation, as a story of good progress, with a dedicated focus on key sectors including manufacturing, automotive, energy, and logistics, thereby significantly bolstering the local economy, and enriching the lives of individuals and communities.<\/p>\n

Coega’s approach to job creation is rooted in its dedication to skills development and comprehensive training programmes that are offered to communities, and a special focus on youth, women, and persons with disabilities. Coega\u2019s achievement on job creation is in line with the objectives of the country\u2019s National Development Plan (NDP), vision 2030 and other government\u2019s initiatives to stimulate employment opportunities. Moreover, such interventions are important as the country currently faces a 32.6% unemployment rate, according to Statistics South Africa, with recent job gains stemming mainly from construction, trade, and community and social services.<\/p>\n

Having secured four investors, with a combined investment value of over R385.2 million in the first quarter of this financial year 2023\/24, Coega seeks to build upon its achievements by attracting further investment, expanding its infrastructure portfolios, and diversifying its economic base. By placing emphasis on emerging sectors such as renewable energy<\/a>, agro-processing, and information technology, Coega seeks to establish a sustainable and inclusive economic ecosystem capable of withstanding future challenges and uncertainties.<\/p>\n

To achieve its objectives, Coega acknowledges the paramount significance of collaboration and partnerships. By nurturing relationships with local and international investors, industry stakeholders, and government entities, Coega can harness collective expertise, resources, and market opportunities. Furthermore, Coega remains unwavering in its commitment to maintaining a transparent and investor-friendly environment, ensuring a conducive business climate that attracts both domestic and foreign investments.<\/p>\n

In conclusion, Coega\u2019s exceptional achievement creating 15,222 jobs underscores its pivotal role as a driving force in fostering economic growth through the creation of meaningful employment opportunities. Coega’s unwavering dedication to sustainable development, strategic partnerships, and inclusive approach to job creation exemplify its commitment to enhancing both the local and national economic landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"

Coega has made significant strides in job creation, through 15,222 total jobs created, which comprise 5,844 construction jobs and 9,378 accumulative operational jobs in the Coega Special Economic Zone. Coega has yet again emerged as a beacon of hope and catalyst for driving economic development. Through its steadfast commitment to creating a preferred investment destination […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[540],"tags":[546],"class_list":["post-5170","post","type-post","status-publish","format-standard","category-business-news","tag-coega","entry"],"_links":{"self":[{"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/posts\/5170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/comments?post=5170"}],"version-history":[{"count":1,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/posts\/5170\/revisions"}],"predecessor-version":[{"id":5171,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/posts\/5170\/revisions\/5171"}],"wp:attachment":[{"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/media?parent=5170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/categories?post=5170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/tags?post=5170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}