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By: Luncedo Njezula

In February the Executive Mayor, Zanoxolo Wayile, hosted a high-powered Chinese Business Delegation on a visit to Nelson Mandela Bay to explore opportunities for business.

Invited by the African National Congress’s Progressive Business Forum, the delegation visited the Coega Development Zone to explore possible investment opportunities. The visit to South Africa by the Chinese delegation is essentially a fact-fnding mission for purposes of establishing a mega-investment project in one of the Special Economic Zones in the country. The investment, should it materialise, will be of an unprecedented scale, with the potential to create a huge number of jobs.

MayorWayileapplaudedChina’scommitment to thedevelopment of South Africa and pointed out that Nelson Mandela Bay was “open for business”.

“We strongly believe that the Nelson Mandela Bay Municipality has the capacity to meet the demands and requirements of the business delegation. We are confdent in every respect that your visit will yield mutually benefcial and positive outcomes that will create a business and investment environment that will set the standard and benchmark for others to follow,” he said.

The head of the Chinese delegation, Dr Gang Zho said the delegation was impressed by what they had seen at Coega. “A lot of infuential business people wanted to be part of this delegation, we will defnitely share this experience with our counterparts with the view to bringing further investment to Nelson Mandela Bay. We look forward to forming business ties in areas such as infrastructure development, information technology and renewable energy,” he said.

EXPLORE BUSINESS

PROSPECTS IN NELSON MANDELA BAY

14 UBUNTU COMMUNITY MAGAZINE MARCH I APRIL 2012