The 124.5ha Atlantis zone, one of nine countrywide, is a green technology hub that already hosts several investors.
To date, about 30 foreign and local companies have invested more than R500m in Atlantis, taking advantage of incentives attached to the area.
Each of the nine zones specialises in a specific sector. “They are being established close to where our people live, where there is often deep poverty and where there is a great demand for jobs,” Ramaphosa said in his address.
“These [zones] can contribute much to reshaping the spatial landscape of the apartheid economy.”
Incentives attached to the zones include VAT and customs exemptions and infrastructure support, Ramaphosa said.