South Africa: DTPC's $10M Phase 2 Expansion Spurs Job Growth

Dube TradePort Corp (DTPC), a South African port operator, has initiated the second phase of its industrial precinct and special economic zone (SEZ) adjacent to King Shaka International Airport. The inauguration of Dube TradeZone 2 marked the unveiling of two factories currently under construction, collectively valued at over 180 million rands ($10 million). Dube TradeZone 2, spanning 45 hectares of industrial land for development, is expected to generate approximately six hundred jobs within the next five years. The precinct includes twenty-three fully serviced sites and three warehouses owned by Dube TradePort, facilitating the expansion of small businesses located in mini-factories.

Among the showcased factories are the $9 million Yangtze Optical Africa Cable plant and a $947,436 development by HRMP, a 100 percent Black, South African-owned logistics company specializing in warehousing and distribution. This new facility was financed by Ithala Development Finance. Dube TradeZone 2's establishment follows the success of Dube TradeZone 1, occupied by fifty investors, including companies like Samsung, DHL, Mahindra, and PepsiCo-Futurelife, which collectively invested $249 million and created over five thousand jobs.