The SEZs are aimed to promote economic growth and job creation, by setting up enabling environments for developing targeted industrial activities and attracting both domestic and foreign direct investment in manufacturing and tradable services.
The Department of Trade and Industry has identified 10 potential SEZs countrywide, and will soon be conducting feasibility studies to determine their viability.
Presenting the SEZs Bill to Parliament's Portfolio Committee on Trade and Industry in Cape Town on 26 April 2013, the Minister of Trade and Industry, Rob Davies, said his department was close to finalising SaldanhaBay in the Western Cape as an SEZ. South Africa’s existing industrial development zones (IDZs) in RichardsBay, East London and Coega outside Port Elizabeth will also fall under the SEZs programme.
SEZs included free ports, free trade zones, IDZs and sector development zones.