Seven new investors buy into EL’s IDZ

THE East London Industrial Development Zone netted seven new investors worth R239 million this year, despite gloomy economic conditions. Most of the investors are South African-based companies looking to expand operations and are spread across the aquaculture, renewable energy, agro processing, construction and automotive industries. The zones previous investors were mostly automotive component suppliers to Mercedes-Benz SA. Total investment at the zone now tops R1 billion. Although Elidz...