KZN Portfolio Committee to visit multi-billion Rand projects in Richards Bay Industrial Development Zone tomorrow
The KwaZulu-Natal Legislature’s Portfolio Committee on Economic Development and Tourism will tomorrow, 20 March 2025, conduct oversight visits at two major investment projects located in the Richards Bay Industrial Development Zone (RBIDZ).
The special economic zone has six operational investments with a combined cumulative investment value estimated at R3.33-billion. The economic hub has also managed to attract investments worth R247-billion. These projects are at different stages, and it is anticipated that most of them will be operational by 2030.
Commenting ahead of the visit, committee Chairperson Mr Mafika Mndebele described the RIDZ as a key provincial economic hub that has major potential to propel the province to greater heights.
“It is pleasing to note that Richards Bay IDZ continues to walk the investment and growth talk which is marked by a sustained campaign to draw the attention of investors to the region whilst motivating existing firms towards expansions that had the butterfly effect on business and employment opportunities. It is our responsibility as the legislators to ensure that we monitor the work done by the (RIDZ) to ensure that our province continues to attract the much-needed investments and create jobs,” added Mndebele.
Members of the media are invited to cover the oversight visits which are scheduled as follows:
Date : 20 March 2025, Time: 09:30
1st Location : Nyanza Light Metals, Phase 1F Estate, 125 Alumina Allee, Richards Bay
2nd Location :RBIDZ Technopark, Phase 1A Estate, 1 Medway Road, Meerensee, Richards Bay
Time 11:45
ISSUED BY THE KZN LEGISLATURE COMMUNICATION SERVICES ON BEHALF OF THE CHAIRPERSON OF ECONOMIC DEVELOPMENT AND TOURISM PORTFOLIO COMMITTEE, MR MAFIKA MNDEBELE
For media interviews: Mr. Mafika Mndebele 0837835164
For media enquiries: Mr Bongani Tembe 0823272600 or Ms. Choice Sihiya – 084 207 5823 (RBIDZ)
