Western Cape Cabinet approves Atlantis SEZ land transaction

The Western Cape Cabinet has approved key amendments to the founding documents of the Atlantis Special Economic Zone Company (ASEZ Co), which enabled the purchase of land on which the ASEZ Co is located from the City of Cape Town in exchange for minority shareholding in the ASEZ Co. This is considered a critical step in the development of the ASEZ Co, as it allows the company to attract and engage investors independently over the next three years, with the ability to negotiate terms directly.