Breakfast on 18 September will fuel top Eastern Cape business and government leaders who will meet to discuss the opportunities presented by the proposed oil refinery at the Coega Industrial Development Zone (IDZ), known as Project Mthombo. Department of Economic Development, Environmental Affairs and Tourism MEC Mcebisi Jonas will address the gathering. Project Mthombo is PetroSA's propposed $10-billion, 360 000 barrel a day oil refinery. On completion Project Mthombo will be the biggest … [Read more...] about Project Mthombo and the Eastern Cape’s industrial future
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R25 Million 1st Phase Operation Launches in Coega
Global depot and port terminal operators, APM Terminals officially launched its operations in the Coega Industrial Development Zone (IDZ) yesterday, establishing a modern, first-class depot to meet the needs and expectations of shipping lines and cargo owners. The R25-million investment, in the first phase, will provide for a full range of services for dry and reefer containers, which will include landside services such as repairs, handling, storage, monitoring and container conversion, … [Read more...] about R25 Million 1st Phase Operation Launches in Coega
Coega vehicle plant construction to begin November 2012
Leading Chinese vehicle manufacturer First Automobile Works (FAW) has appointed WBHO Construction as its preferred contractor for the design and construction of its vehicle and truck assembly plant in Zone 2 of the Coega Industrial Development Zone (IDZ). Construction will commence in November and is expected to be completed by December 2013. The R200-million construction investment will see over 1000 jobs created during the construction phase, the Coega Development Corporation (CDC) … [Read more...] about Coega vehicle plant construction to begin November 2012
SA economy ‘fragile’ and unemployment a crisis
The Coega Development Corporation (CDC) Research Unit's second Quarterly Economic Review and Outlook for 2012, has predicted a fragile economic dispensation in South Africa over the next few financial quarters. The report, released last week, is an update covering significant features and economic information of both the world and South African economy. Despite projections of a drop in the global oil price, the forecast for imports and exports remains bleak. However the first quarter of … [Read more...] about SA economy ‘fragile’ and unemployment a crisis
MSC Sola represents a landmark moment for Xoliswa Bekiswa
The Port of Ngqura will handle cargo from the biggest container ship to call at a South African port when the MSC Sola arrives on Sunday, 8 July after debuting at the Port of Durban earlier in the week on its maiden voyage to the country. MSC Sola is expected to arrive at Ngqura at 06h00 on Sunday, 8 July - weather and timetable dependent. South Africa's newest deep water Port of Ngqura is strategic to the country, Africa and the world given its location and economic potential as it exceeds … [Read more...] about MSC Sola represents a landmark moment for Xoliswa Bekiswa
Largest Vessel to Enter Durban and Coega Ports
The MSC SOLA - one of the largest container ships to enter South African Waters to date - will call at Africa's busiest and largest port in Durban, on Wednesday 4 July 2012 and her next port of call will be Port Elizabeth's, Port of Nqura. Built in 2008, The MSC SOLA is more than the length of three and a half rugby pitches (363.5 meters long and 45.6 meters wide) with an impressive gross tonnage of 131771 and a slot capacity of 11,660 TEU (20-foot standard containers), with connections for … [Read more...] about Largest Vessel to Enter Durban and Coega Ports
Clarity needed on Coega roads maintenance programme
Clarity is needed about the agreement between the Department of Roads and Public Works and the Coega Development Corporation (CDC) for road-maintenance in the province following the launch of a R1,5 billion roads contractor development programme. This programme is run by the Coega Development Agency, a subsidiary of the CDC. I have previously written in the media that up to 50% of the roads maintenance budget is being spent by the department and the CDC on administration of this programme … [Read more...] about Clarity needed on Coega roads maintenance programme
Top parliamentarian to address PE youth
The Coega Development Corporation (CDC) is putting youth matters high on the agenda in Nelson Mandela Bay this month after securing leading parliamentarian Mlungisi 'Lulu' Johnson to deliver a lecture at its monthly Coega Business Forum. The forum will be held in New Brighton today aa June. "There is no better person than Mlungisi 'Lulu' Johnson to address the youth on the opportunities and obstacles they face," said Ayanda Vilakazi, Coega Development Corporation head of marketing and … [Read more...] about Top parliamentarian to address PE youth
18 Month Project Mthombo Study Begins
The Coega Development Corporation today welcomed the news of the signing of a Joint Study Agreement (JSA) between PetroSA and The Chinese Petrochemical Corporation (The Sinopec Group), the People's Republic of China's (PRC) state-owned integrated energy and chemical conglomerate. The study will shape the business case for Project Mthombo, the initiative to construct a world-class crude oil refinery at the Coega Industrial Development Zone. The study will be divided into two parts. The … [Read more...] about 18 Month Project Mthombo Study Begins
Port Elizabeth Nqura Grand Opening
Port Elizabeth - President Jacob Zuma on Friday moved to inject energy into South Africa's infrastructure plan when he officially opened the new multi-billion Rand Port of Ngqura, situated outside Port Elizabeth, in the Eastern Cape. The port is said to be the deepest container terminal in sub-Saharan Africa and will accommodate the new generation of giant container ships that regularly visit the country's shores. State freight logistics group Transnet has for the past 12 years been hard at … [Read more...] about Port Elizabeth Nqura Grand Opening
My Jaundiced View of the Grand Opening of Nqura
On Friday past we were treated to the spectacular sight of high speed limousines with blue flashing lights, helicopters, SAPS divers, crack shots, menacing looks and over zealous bodyguards with curly bits of semen lookalike plastic dropping from their ears. I find myself wondering why a man leading the most popular movement in South African history feels so threatened that he has to be accompanied by this mass of protection. Sure, we are all aware that there are crazies out there who would … [Read more...] about My Jaundiced View of the Grand Opening of Nqura
Organised Business Loving JZ’s Visit to PE
The opening of the Port of Ngqura by President Jacob Zuma today - Friday 16 March 2012 - is a positive signal of the national government's commitment to the Eastern Cape, says Nelson Mandela Bay Business Chamber CEO Kevin Hustler. The Presidential "stamp of approval" on the new port follows his visit to the city in September last year to engage with the auto industry, and last month's State of the Nation address and the Budget, which recognised the economic importance of the province and … [Read more...] about Organised Business Loving JZ’s Visit to PE
The Mother of Blue Light Brigades Hits PE Tomorrow
Stay of the roads and cancel your flight plans from 10h00 tomorrow. Better yet, put in for a half day leave. Those fat black cars with blue flashing lights, the drone of helicopters and 'decoy convoys' will herald the arrival of President Jacob Zuma who will be presiding over the official launch of the Port of Ngqura in Port Elizabeth, Eastern Cape. This launch of the Port of Ngqura takes place one week after the President officially opened the Dube TradePort in Durban. Both projects were … [Read more...] about The Mother of Blue Light Brigades Hits PE Tomorrow
Water Supply Contaminated?
Dear Editor Don't drink the tap water - the municipality warned Coega today that the water supply is unsafe and entire system corrupted. Apparently there is no chlorine in the reticulation plants and high counts of viruses and bacteria have been reported. Boil whatever you plan to use. Regards Eye on the Community Editor's Notes: Can anyone shed any light on this? Roland? Kupido? In the normal course of business I would ask you for your input via email, Kupido, but past … [Read more...] about Water Supply Contaminated?
East Cape Green Energy Outstrips Medupi
The implementation of a renewable energy strategy by the Coega Development Corporation (CDC), one of the key players in the area of green energy, will undoubtedly contribute immensely to its objectives such as job creation, revenue generation and advancing socio-economic development and transformation in the Eastern Cape. Currently, wind projects with a combined capacity of more than 6 000 MW are at various stages of the environmental impact assessment process (EIA) in the Eastern Cape, … [Read more...] about East Cape Green Energy Outstrips Medupi
