The Richards Bay Industrial Development Zone Company (SOC) Ltd is a purpose-built and secure industrial estate on the north-eastern coast of KwaZulu-Natal, linked to the international deep-water port of Richards Bay. It is tailored for the manufacturing of goods and production of services to boost beneficiation, investment, economic growth and the development of skills and employment.
The RBIDZ is deemed to be a Special Economic Zone (SEZ) that aims to encourage international competitiveness through world-class infrastructure as well incentives to qualifying investors.
Incentives provided by RBIDZ to investors
- Reduction in corporate income tax from 28% to 15%.
- VAT exemption
- Duty-free
- Secured Customs Controlled Area (CCA)
RBIDZ’s key focus sectors
- Metals Beneficiation
- ICT & Techno–parks
- Renewable Energy
- Agro-Processing
- Marine Industry Development