The Coega Development Corporation (CDC) has in the last two financial years seen its Foreign Direct Investment conversion rate ranked higher than the South African average in 2015. According to the United Nations Conference on Trade and Development (UNCTAD) report (2016) which discusses the inward fixed FDI conversion rate for South Africa, the average rate for FDI conversion in South Africa in 2014 was (53%) and in 2015 (47%). The CDC on the other hand, has managed to hold a consistent FDI … [Read more...] about Coega’s investment conversion rate higher than the South African average
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Eskom and Coega sign collaborative agreement on SA’s Nuclear New Build Programme
Eskom and the Coega Development Corporation (CDC) today signed a memorandum of understanding to cooperate in the development of South Africa's nuclear new build programme (NNBP). The two state-owned companies (SOCs) will work together in support of government's plans to build local capacity through supplier development and localisation around the unfolding infrastructure for the nuclear programme. Eskom's Group Executive for Group Capital, Abram Masango, said, "We are gearing ourselves up in … [Read more...] about Eskom and Coega sign collaborative agreement on SA’s Nuclear New Build Programme
Coega’s foreign investment conversion rate higher than the South African average
The Coega Development Corporation (CDC) has in the last two financial years seen its Foreign Direct Investment conversion rate ranked higher than the South African average in 2015. According to the United Nations Conference on Trade and Development (UNCTAD) report (2016) which discusses the inward fixed FDI conversion rate for South Africa, the average rate for FDI conversion in South Africa in 2014 was (53%) and in 2015 (47%). The CDC on the other hand, has managed to hold a consistent FDI … [Read more...] about Coega’s foreign investment conversion rate higher than the South African average
Coega welcomes Budget speech
"The Coega Development Corporation (CDC) welcomes the Honourable Minister of Finance Pravin Gordhan, Budget speech delivered this afternoon," said Dr Ayanda Vilakazi, CDC Head of Marketing and Communications. Industrial Development In support of the government's approach towards industrialisation, economic transformation, and inclusive growth, the CDC has continued to ensure that it demonstrates its commitment towards its vision to be the leading catalyst for championing of the … [Read more...] about Coega welcomes Budget speech
Pepi Silinga, CDC’s Chief Executive, appointed to the Gauteng Premier’s Economic Advisory Panel
The Coega Development Corporation (CDC) Chief Executive, Mr. Pepi Silinga has been appointed to the Gauteng Premier’s Economic Advisory Panel for the next two years. Pepi Silinga’s appointment was announced by the Gauteng Premier – David Makhura on 20 February 2017 during the State of the Province Address. “The panel will advise the Premier and the Gauteng Provincial Government on implementing strategies to realise our objectives of increasing employment, empowerment, exports and … [Read more...] about Pepi Silinga, CDC’s Chief Executive, appointed to the Gauteng Premier’s Economic Advisory Panel
The CDC’s Labour Management Model
One of the critical pillars in ensuring job security is to have provisions that seek to 'ring fence' jobs for locals at project level. The CDC through its Human Capital Solutions business unit has implemented some key pillars, which effectively look at a holistic approach to labour management. In the process managing supply of human resources demands, maintaining compliance to South African labour legislation and developing an employee relations framework that ensures labour stability. Much … [Read more...] about The CDC’s Labour Management Model
CDC welcomes State of the Nation Address 2017 speech
The Coega Development Corporation (CDC) has welcomed the speech delivered by the President of the Republic of South Africa, Honourable Jacob Zuma, at the State of the Nation Address (SONA). Energy Mix The CDC is encouraged by governments renewed commitment in ensuring energy security as well as the diversification of energy. The Coega Industrial Development Zone (IDZ) has been identified as one of the two locations for the gas-to-power programme, a 1000 MW of the power facility, with an … [Read more...] about CDC welcomes State of the Nation Address 2017 speech
Investment translates into jobs
The Coega IDZ currently hosts over 36 operational investors who have contributed R6.4 billion of investment value in the Coega IDZ. Over 80% of companies which have invested in the Coega Industrial Development Zone (IDZ) have seen an increase in their profits since starting operations in the zone, with the benefits being felt throughout the Nelson Mandela Metro and the rest of the province, according to research conducted by Muffin Consulting. According to Dr Ayanda Vilakazi, Coega … [Read more...] about Investment translates into jobs
Investment Aftercare – Retention then Expansion
Following the recently released foreign Direct investment (fDi) Report 2016 on Global greenfield investment trends - annual report focusing on recapping global investment trends. According to the report, South Africa has once again been confirmed as the "top African destination for inward FDI by project numbers, continuing a long-term trend," with over 118 FDI projects recorded for year 2015, says Thembinkosi Maduna - CDC Operations Executive Support Services. The results of the report are … [Read more...] about Investment Aftercare – Retention then Expansion
Last chance for learners to apply to CDC’s Maths and Science Programme
The Coega Development Corporation (CDC), an enabling agent for socio-economic development in the Eastern Cape and operator of the Coega Industrial Development Zone (IDZ), says that the pass rates of Eastern Cape matriculants can improve with the intervention of additional learning programmes. Matric results released by the Eastern Cape Department of Education showed that the province recorded a 59.3% in 2016, a slight increase from 56.8% of the previous year. "While the increase is a … [Read more...] about Last chance for learners to apply to CDC’s Maths and Science Programme
Chinese Consulate General pops in to Coega IDZ
The Coega Development Corporation (CDC) today welcomed the Consulate General Kang Yong of the People's Republic of China at the Coega IDZ. The visit by the Consulate General follows hotly on the heels late last year by the China Vice President - Dr LI Yuanchao, who congratulated the Coega Industrial Development Zone (IDZ) as one of the best IDZ's in the developing countries. Kang Yong, Consulate General of the People's Republic of China commended the CDC on its good working, … [Read more...] about Chinese Consulate General pops in to Coega IDZ
Madlalisa Senior Primary School’s ASIDI Upgrade
The Coega Development Corporation (CDC), an implementing agent for several projects on behalf of the Department of Basic Education in the Eastern Cape, has once again delivered another multimillion rand school at Ntabankulu Local Municipality. Leaners of Madlalisa Senior Primary School (SPS) will be starting the school year in a newly built school thanks to the Eastern Cape Department of Education which has tasked the CDC to implement infrastructure development on its behalf. The … [Read more...] about Madlalisa Senior Primary School’s ASIDI Upgrade
FAW records a satisfying 2016
FAW Vehicle Manufacturers SA (Pty) Ltd. has enjoyed a particularly memorable 2016, racking up unmatched milestones amongst FAW manufacturing plants outside of the headquartered plants in China. Besides the fact that FAW SA started modestly over 20 years ago selling trucks locally, it has in recent years truly stepped up to the plate. FAW SA has made a commitment in the last three years of over 100million USD in local plant, infrastructure, job creation and training. The Coega-based plant and … [Read more...] about FAW records a satisfying 2016
Coaga has big plans for the growth of the Eastern Cape
The Coega Development Corporation (CDC) opened its doors on Tuesday, 3 January 2017 with revived vigour and optimism. "The start of this year is a continuation of the hard work already put in by everyone. The year 2017 ushers the CDC into the final quarter of the Financial Year 2016/17," said Dr Ayanda Vilakazi, CDC unit head marketing and communications. The organisation is optimistic that this year will once again highlight the Coega Industrial Development Zone (IDZ) as a prime … [Read more...] about Coaga has big plans for the growth of the Eastern Cape
CDC closes year on a high with visit by Director General of the DTI – Lionel October
The Coega Development Corporation (CDC) today hosted the Director General (DG) from the Department of Trade and Industry (DTI) who congratulated the CDC on a well-managed IDZ. "Coega is a flagship programme we are very proud of. It's effectively the best functioning and most successful IDZ in the country and also has world class Management and Corporate governance," says Lionel October, Director General of the Department of Trade and Industry. The DG's visit to the CDC follows from the … [Read more...] about CDC closes year on a high with visit by Director General of the DTI – Lionel October
