Gqeberha, South Africa, 28 November 2025 – The Coega Development Corporation (Coega) reaffirmed its role as a leading driver of industrialisation and economic growth at its 2025 Annual General Meeting (AGM), announcing a sixth consecutive clean audit and strong financial performance.
For the 2024/25 financial period, Coega achieved a 13% revenue growth despite a challenging economic climate, underscoring its commitment to good governance, transparency, and disciplined execution.
“Our resilience reflects prudent governance and accountability mechanisms that have resulted in an unbroken record of clean audits,” said Coega Board Chairperson, Dr. Luvuyo Bono.
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.
“New investor commitments are emerging, and catalytic projects like the Coega 100MW Solar Farm demonstrate our commitment to industrial diversification,” said Coega Chief Executive Officer, Mr. Themba Koza.
The SEZ has created over 11,000 operational jobs, prioritising localisation, Black Industrialists, youth, and women-owned businesses. Beyond industrial development, Coega’s infrastructure projects deliver schools, clinics, and skills programmes nationwide.
Looking ahead, Koza said that Coega plans to accelerate its investment pipeline, positioning itself as a continental leader in industrial and economic development while deepening transformation through inclusive procurement and skills development.
Coega expressed appreciation to the Eastern Cape Department of Economic Development, Environmental Affairs and Tourism (DEDEAT) and all stakeholders for their continued support.
