Post Tagged with: "Special Economic Zones"

Special Economic Zones: Can South Africa follow in the Dragon’s footsteps?

September 3, 2013 7:13 pm0 comments
Special Economic Zones: Can South Africa follow in the Dragon’s footsteps?

Special Economic Zones (SEZs) have become the new buzzword for African governments, who see in them the long-awaited salvation from the poverty scourge that has gripped the continent despite decades of structural reform programmes. SEZs are generally defined as specially demarcated areas that offer unique incentives for a diverse range of economic activities.On the other hand, free trade zones (FTZs), usually found next to sea ports and airports, allow unrestricted import and export of goods free of customs, while export processing zones (EPZs) specifically encourage investment and manufacturing for export.China’s success with its SEZ model has caught on with African leaders eager to try something new.

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