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The East London Industrial Development Zone (ELIDZ) has unveiled three new investments, collectively valued at about R1.3bn, which are expected to generate 1,134 new employment opportunities. While the capital injection was great news, it was sobered by the farewell to long-serving CEO, Simphiwe Kondlo, who has retired.
While most state entities and SOEs are being hammered for irregular, unauthorised, fruitless, and wasteful expenditure, the EL Industrial Development Zone has maintained its flawless record with the Auditor General for almost a decade.