SEZ – requires a paradigm shift in government thinking

While there have been several attempts in recent years by various private sector entities to bring about innovation to the South African market, these opportunities are now being lost to other quarters on the African continent, such as Nigeria, Kenya, and closer to home, Angola. Perhaps its time for government authorities to realise that South Africa is in serious danger of losing its competitive edge.

It will do all economic and fiscal policy makers, government administrators and trade practitioners good to view the video below. It portrays the success of Foreign Trade Zone 202, in the Port of L.A. is the largest FTZ in the United States. Learn why and how Sony, Citizen Watch Company, Puma and many others take advantage of FTZ 202 to optimize their inventories and control costs. Then consider whether the local SEZ policy and bill aspires to any of this…