The Coega Development Corporation (Coega) reported a 13% revenue growth despite a challenging economic climate, in the financial year ending in 2025.
Coega also announced its sixth consecutive clean audit, at its Annual General Meeting (AGM).
Dr. Luvuyo Bono, Coega Board Chairperson, said “our resilience reflects prudent governance and accountability mechanisms that have resulted in an unbroken record of clean audits.”
Bono also said the Coega Special Economic Zone (SEZ) continues to make a significant impact, contributing 1.01% to the Eastern Cape’s Gross Geographic Product (GGP) and attracting 67 operational investors with a cumulative investment of R12.4 billion.
Themba Koza, the CEO, said new investor commitments are emerging, such as catalytic energy projects such as the Coega 100 Megawatts (MW) Solar Farm.
Coega also expressed appreciation to the Eastern Cape Department of Economic Development, Environmental Affairs and Tourism (DEDEAT) and all stakeholders for their continued support.
Picture: Supplied