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Special Economic Zones (SEZs) are designated areas with specific economic rules to attract business and trade for economic growth in South Africa.
Special Economic Zones (SEZs) are politically designated areas where special economic rules or administrative policies are established to attract or encourage business and trade. They aim to promote economic growth by offering incentives like tax breaks, eased regulations, and infrastructure support to attract foreign investment and boost exports. For South Africa, setting up SEZs for growth can help stimulate economic development in specific sectors like mining, industry, power generation, and irrigation, fostering job creation and technological advancements.
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