The Richards Bay Industrial Development Zone (RBIDZ) managed to attract global investors during the final day Mining Indaba held in Cape Town, South Africa.
A majority of business executives, based locally and in international markets, are seeking new export and import opportunities in KwaZulu-Natal province.
Mzamo Khuzwayo, Richards Bay Industrial Development Zone Acting Manager for Business Development and Support said while the hub was based in the rural heart of the province, being located near Richards Bay meant it had access to a well-established road, rail and ICT infrastructure network to transport goods.
“The port of Richards Bay is one of the deepest ports in South Africa, which means that it can handle larger vessels than other ports. This presents good opportunities for companies that need to import maybe some of their raw materials, or to export their final product,” said Khuzwayo.
Khuzwayo said as part of efforts to attract investment, the RBIDZ planned to acquire the Bayside aluminium smelter which was shut down by BHP Billiton in 2014.
“We are not necessarily looking at establishing a smelter there, but we are looking at using some of the buildings that exist in that complex to house companies that are going to be on the beneficiation space.”