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Small business benefit from R5-million Coega project


SMME DEVELOPMENT: SMME representatives on site at the Coega IDZ from left are Mthuthuzeli Ngingi of Ngingi Construction, Terence Goliath of TG Projects (Pty) Ltd, Morne Jegels of Construction Solutions and Nkosoxolo Ntisana of Magma Civils installing a R5-million fencing project.

THE Coega Development Corporation (CDC) has awarded R5-million's worth of work opportunities to four Nelson Mandela Bay-based SMMEs.

The SMME work packages involve the fencing of the newly established Customs Control Area (CCA), which is currently being rolled out in Zone 1 and 2 of the Coega IDZ.

“Following the comments by the Finance Minister, Pravin Gordhan, in his budget speech that SMMEs are recognised as important contributors to job creation and stimulators of economic growth, the CDC has heeded the call and demonstrated its support for SMMEs, as important to our business success and operations. As a result, at every available opportunity, SMMEs are given the opportunity to benefit from Coega projects,” says Dr Ayanda Vilakazi, CDC’s unit head Marketing and Communications.

According to Morne Jegels, one of the SMMEs involved in the project, “as small businesses we are delighted by the opportunities presented by the CDC to us; being appointed for this project will play a very decisive role in my company’s sustainability, gaining more experience, and increased CIDB grading that will enable my organisation to access more business opportunities.”

As a catalyst for championing of the socio-economic development in the Eastern Cape and in South Africa, the CDC has adopted a policy to award a minimum of 35 percent of its procurement spend to SMMEs. It is remarkable and highly commendable that the CDC has continued to promote SMMEs, and has also exceeded its target of 35 percent. In the 2015/16FY, the CDC exceeded its procurement spend target to SMMEs by 6 percent; resulting in the total spend of 37.2 percent, added Dr Vilakazi.

Issued by: Coega Development Corporation