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Buffalo City and IDZ renew ties

Buffalo City Metro together with the East London Industrial Development Zone (ELIDZ) conducted a Memorandum of Understanding (MoU) workshop at the IDZ Conference Centre on Friday 20 June. The purpose of the workshop was to give a background to the relationship between the Metro and IDZ.

The background included aspects such as the introduction to the MOU, purpose of the MOU and its comparative advantage to BCMM, business and the ELIDZ. Speaking at the workshop ELIDZ CEO Simphiwe Kondlo expressed his delight in the fact that the Metro and the development zone had formed a partnership that will have positive spin offs to the residents of the municipality and province at large.

He also gave a brief summary of how the concept of the ELIDZ was conceived, the need to have the zone in the City from an enterprise perspective and the necessity of support and partnership within Buffalo City. Kondlo added that the reality that now the city has a partner in investment, job creation and development whether in business or social upliftment. “The partnership encapsulated though the MoU will be best determined by dual benefi ciation and development of enterprise in Buffalo City.” City Manager Andile Fani also shared his views regarding the contents of the MoU which were presented during the workshop.

Fani said, “Since Buffalo City has the responsibility to be a vehicle for local economic development within its area of jurisdiction and the IDZ being an able to exploit resource-intensive industries, the signing of the MoU would convey a positive outlook for the region in business and industry.” He highlighted various issues in the MoU including the basis of the agreement, confi dentiality, confl ict resolutions mechanisms within the MoU and the make-up of the Buffalo City Metro and IDZ liaison forum. Another discussion point that was a highlight of the day was the issue of employment and business opportunities and incentives for new investors.

Dignitaries at the workshop include ELIDZ’s chairman of the board, BCMM Deputy Mayor Temba Tinta, ELIDZ CEO Simphiwe Kondlo, City Manager Andile Fani, councillors from the city, top management offi cials and other stakeholders.

 

11:14 12 Aug 2014

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