The Coega Development Corporation (CDC) has begun work in clearing 54.62 hectares of land in Zone 1 of the Coega Industrial Development Zone (IDZ) in preparation for the biggest automotive investment in Africa in the last 40 years. "We pride ourselves in our efficiency and high turnaround times when implementing complex and mega projects of this nature. Our modus operandi in placing the needs of investors first lies at the forefront of everything we do and has contributed significantly in the … [Read more...] about Site preparation begins for R11 billion automotive manufacturing plant in Coega IDZ
cdc
Coega successfully implements another multi million rand project with emerging contractors
The Coega Development Corporation (CDC) is the catalysts for championing of socio-economic development in the Eastern Cape, thus through its various projects aims to improve the quality of life for millions of people across the Eastern Cape and South Africa at large. CDC managed to build 496 houses at Molteno - a small town outside of Queenstown in the Eastern Cape on behalf of the Department of Human Settlements (DoHS). The initiative forms part of projects that the CDC has successfully … [Read more...] about Coega successfully implements another multi million rand project with emerging contractors
Coega IDZ selected as location for gas to power station
The Department of Energy (DoE) this week announced the Coega Industrial Development Zone (IDZ) as one of the locations for the gas-to-power programme, with 1000 MW of the power facility allocated to the zone. The operation is expected to total R25 billion. The announcement was made at the South African Gas Options Conference currently taking place in Cape Town. "This project will allow the Coega IDZ to become a diverse energy user, in conjunction with building the local energy sector. The … [Read more...] about Coega IDZ selected as location for gas to power station
Repackaging South Africa for foreign investors
South African investment destinations, such as the Coega Industrial Development Zone (IDZ), have many of the factors in place needed to secure foreign direct investment (FDI). Investors do however want to know upfront if there are any challenges, and how we are dealing with them. FDI destinations continue to be sought, despite continuing global economic slowdown, which is evident by the fact that FDI into South Africa increased by R2 089 billion in the first quarter of 2016 compared to … [Read more...] about Repackaging South Africa for foreign investors
Historical Sites within CDC preserved for our heritage
More than 27 sites within the 11 000 hectare Coega Industrial Development Zone in the Eastern Cape have revealed fascinating evidence dating back to the Stone Age, linking the area to a rich history of toolmaking and manufacture. The Coega Development Corporation (CDC) is playing a vital role in ensuring that the rich heritage of the Eastern Cape is preserved for future generations. "September is National Heritage Month. It seems fitting then that the CDC pays tribute to the history of the … [Read more...] about Historical Sites within CDC preserved for our heritage
Biggest automotive investment in Africa in the last 40 years
The Coega Development Corporation (CDC) will on Tuesday, 30 August 2016 break ground to mark the historic Beijing Automobile International Corporation (BAIC) R11 billion investment at the Coega IDZ. The event follows the announcement by the Minister of Trade and Industry, Dr Rob Davies on the successful contractual conclusion between BAIC and the CDC, effectively ensuring the establishment of a completely knocked down (CKD) automotive manufacturing plant in the Coega Industrial Development … [Read more...] about Biggest automotive investment in Africa in the last 40 years
Pepi Silinga – one of the most successful CEO’s in South Africa
The Coega Development Corporation (CDC), operator of the 11 500 hectors of the Coega Industrial Development Zone (IDZ), which is adjacent to the deep water Port of Ngqura has in the past 16 years shown great success and progress. The milestones achieved by the CDC have been a true reflection of its vision to become a leading catalyst for championing of socio-economic development in the Eastern Cape and country the country at large. CDC's growth is attributable largely to its Chief … [Read more...] about Pepi Silinga – one of the most successful CEO’s in South Africa
You can become financially astute
According to the South African Savings Institute (SASI), South Africa's (SA) official savings rate at the end of March 2016 was 15%, household savings rate was 1.1 percent and debt as a percentage of disposable income was 76.6 percent. These ratings demonstrate that there is still a huge gap in terms of the SA savings behaviour. Being savings month, it's important to reflect on some of these behaviours and concomitantly identify steps that seek to unlearn behaviors that adversely contribute … [Read more...] about You can become financially astute
Russian Fact Finding Visit to Coega
The Russian Ambassador, HE Mikhali Petrakov visited the Coega IDZ yesterday, and was welcomed by the MEC for Economic Development, Environmental Affairs and Tourism, Hon. Sakhumzi Somyo, to establish a mutually beneficial business relationship between the Coega Development Corporation, Eastern Cape, and Russia. The Russian Ambassador is currently on a week-long exploration visit to the Eastern Cape. "Russia's relations with South Africa have been in place for many years, especially at a … [Read more...] about Russian Fact Finding Visit to Coega
BASA students on the move
Eight Coega Development Corporation (CDC) young professionals graduated from the University of Cape Town (UCT) with a Post-Graduate Diploma qualification in Business Analysis and Systems Analysis (BASA) on the 13th June 2016. The Post-Graduate Diploma forms part of CDC's internship programme's growth and development for all Interns who wishes to pursue studies in this field. The 12-month BASA programme is aimed at developing new approaches that extend the existing knowledge of … [Read more...] about BASA students on the move
The CDC’s Youth Development Agenda
This year (2016) marks 40 years since young people demonstrated against Afrikaans as a compulsory medium of instruction at schools. Forming part of the agenda was also the resistance against the Bantu Education Act introduced by the Apartheid government in 1953. Although this Act made it easier for more children to attend school in some areas, there was a great deal of discontent about the lack of facilities and the quality of education provided particularly to black children. The uprising … [Read more...] about The CDC’s Youth Development Agenda
Ahead of the pack in youth empowerment
Unemployment continues to pose a challenge for the country's youth. The recently released Quarterly Labour Force Survey (QLFS) by Statistics SA for Quarter one of 2016 highlights an increase in the unemployment rate. The survey shows an increase in the national unemployment rate from 24,5% in the previous quarter to 26,7% in the first quarter of 2016. In the spirit of June being recognised as Youth Month in South Africa, with a specific focus on 16 June, also known as Youth Day, a pertinent … [Read more...] about Ahead of the pack in youth empowerment
Custom-designed human resource management systems help investors
Eastern Cape investors and existing companies are able to manage their human resources through customised systems developed specifically for South African requirements. "Over the past five years the Coega Development Corporation (CDC) has invested some R6 million in the development of a cloud-based enterprise resource planning (ERP) with an embedded knowledge management system," says Meike Wetsch, CDC Human Capital Services (HCS) manager. Based on the experience gained by HCS during the … [Read more...] about Custom-designed human resource management systems help investors
Leading Transformation in the Workplace
The origins of Workers Day date back to the 1800's, a period signified by the struggle against unfair labour practices, inequality in the workplace and unfair employment standards. According to the International Labour Organisation (ILO), the ILO Declaration of Philadelphia of 1944 recognized that "labour is not a commodity" therefore, work must be seen as part of everyone's daily life and is crucial to a person's well-being and development. Although Workers Day dates back to ancient … [Read more...] about Leading Transformation in the Workplace
Small businesses growth is critical to SA’s macro-economic challenges
The importance of small businesses has been a central theme in discussions of the national and international economic recovery. It has been argued that small businesses create jobs for local communities and play a pivotal role in enhancing community's quality of life. According to the Banking Association South Africa (BASA) small, macro and medium enterprises (SMMEs) have been identified as productive drivers of inclusive economic growth and development in South Africa. SMMEs around provide … [Read more...] about Small businesses growth is critical to SA’s macro-economic challenges
