S. Africa welcomes World Bank study on special economic zones

JOHANNESBURG, July 6 — South Africa has welcomed the recent findings of a World Bank study that shows the country has the infrastructure, legal framework, and institutional capacity to develop a world-class special economic zone (SEZ) program.

In a statement released on Monday, Minister of Trade, Industry, and Competition Parks Tau said the findings affirmed the progress South Africa has made in rolling out its SEZ program and highlighted its contribution to both national and provincial economic development.