Page 47 - Provincial Treasury Estimates.pdf

Estimates of Provincial Revenue and Expenditure (EPRE) -2023/24 Financial Year
Wild Coast Industrial Park

The Wild Coast Industrial Park (WCIP) was initially conceptualized as a special economic zone by the DTiC
in line with Chapter 5 of the SEZ Act, but was not fully granted full designation in 2022 due to insufficient

investment commitments. An increase in the magnitude of new investment pipeline has allowed for a
re-application for SEZ designation status for the Wild Coast IP has been submitted to DTiC. The increase

in the investment pipeline is from R1.2 billion to R1.7 billion. A total of 43 construction jobs have been
created to date through Phase 1 implementation which entails fencing. An additional allocation of R15 million
has been set aside in 2023/24 for CDC to continue with operationalizing the Wild Coast Industrial Park.

Update on Revitalization of state owned industrial parks (infrastructure projects)

The provincial state owned industrial parks have been instituted to spread government’s industrial capacity

to strategic locations within the Province. The Province hosts numerous state-owned industrial parks

namely: Fort Jackson, Wilsonia, Komani (Queendustria and Ezibeleni), Vulindlela, Dimbaza, Butterworth,

and Senqu; Amongst these industrial parks, the ECDC manages Fort Jackson, Vulindlela, Dimbaza and the
Butterworth Industrial Parks, while others are owned by the local municipalities. Aligned with the DTIC’s

Revitalization Programme. The Department of Economic Development, Environmental Affairs and Tourism
(DEDEAT) established the EC Industrial Parks Forum structure to assist with:

x Coordinating all relevant stakeholders involved in the revitalization projects;
x Provide institutional support to projects;

x Fast track funding applications to DTIC;
x Investments tracking and job creation aspects; and

x Coordinating the on-boarding of new parks into programme and hence maximize EC participation in
the DTIC programme.

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