BCM executive mayor, Xola Pakati, said he welcomed a new R3bn investment into the ELIDZ, during an announcement earlier this week.
Picture: BCM/FACEBOOK
“We are proud to be associated with the ELIDZ as a minority shareholder and a critical stakeholder for the Special Economic Zone,” Pakati said.
“The ELIDZ has been part of the development of our long- term vision, the Metro Growth and Development Strategy [MGDS], and as such the entity has been able to locate itself within the strategy, more particularly what it can bring in order to ensure the success of the strategy.”
Pakati said that as a new city council, it was important to build relationships between the municipality and business, to grow the local economy.
ELIDZ CEO Simphiwe Kondlo said: “We are proud to be part of this automotive sector, it’s a sector that we should continue to both grow and diversify.”
“We are excited that today the investors we are announcing will be contributing to more than 2,000 direct jobs in the city.”
