Korean electronics giant Samsung appears to be on the brink of opening a multi-billion Rand manufacturing plant at Dube TradePort in KwaZulu-Natal.
Although official word has not been forthcoming from either Dube TradePort or KZN Economic Development bosses, a reporter from The Mercury newspaper claims to have received confirmation from Lionel October, director-general of the Department of Trade and Industry, that Samsung was finalising plans for a new factory.
The publication of The Mercury’s article was followed by an apparently accidental revelation by George Ferreira of Samsung Africa that the company will be opening a facility to manufacture televisions sometime before the end of July 2014. Said revelation has been neither confirmed nor denied by Samsung.
October was quoted as stating that the main incentives for this investment by Samsung – said to be between R3 and R4 billion – are tax and other manufacturing incentives that can be offered thanks to Dube TradePort becoming one of South Africa’s new Special Economic Zones (SEZ).
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