CAV Annual Report 2021

3. CAV AT A GLANCE An overview of the intentions with the development of CAV since its inception in 2006 paints a compelling picture that needs to be aggressively improved on to effectively and efficiently deploy the CAV as an Industrial Park development. CAV is rapidly moving from conceptual development into a full-scale infrastructure development project that envisage to • Concentrate aerospace component manufacturers and suppliers in one location; • Reduces costs and exploits the latest advances in the aerospace manufacturing chain; • Provide office space to be made available for service providers related to the aerospace industry in the Central Office Hub. Offices include a service concept for users and shared facilities and services; • Provide modular buildings that are designed to maximise flexibility and synergies. Modular buildings can be adapted to customer needs. All buildings are designed to meet international aerospace standards. Mini factories for smaller operations will be made available; • Craft a value proposition model for suppliers. The Value Proposition was reviewed and consist of three distinct elements namely 1) Incentives and Rebates, 2) Cost of operations and 3) One-Stop-Shop Services; • Design facilities that are in accordance to customer specifications and supports environmentally friendly building designs; • Ensure that Turnkey buildings are delivered according to client requirements and where necessary to ensure that expansion possibilities are incorporated as part of the building design; • Offer tenants the option of either leasing land in the case where they are interested to fund their own top structure on a Build-Operate-Transfer (BOT) or Developer Lease option or to lease premises in the case of Build-to-Suit (BTS) or Build-to-Lease (BTL) options; • Offer basic shared operational services as part of the development such as ICT, Security and Landscaping to name a few. New services will be introduced based on tenant needs; • Design the “no build zone” to be environmentally friendly with indigenous flora; and

• Employ a highly experienced development team consisting of technical experts such as quantity surveyors, architects and engineers drive the development of the project. 4. CAV OVERVIEW OF THE YEAR UNDER REVIEW 4.1 CAV INSTITUTIONAL FORM AND STRUCTURE During the financial year under review CAV’s institutional form and structure remained the same: • The nature and the extent of the CAV’s organisational structure remained the same; • The Acting CEO resigned and an Interim CEO was form the dtic for a duration of six (6) months; and • The process of appointing additional Board members was initiated through advertising in the Print Media. 4.2 SECTORAL INTERVENTIONS CAV continued with the engagements towards incorporation into the GGDA. During the Financial Year under review, a meeting was held between the dtic’s Deputy Minister Gina and the thenMEC for Economic Development in the province Ms Morakane Mosupyoe. The purpose of the meeting was to appraise provinces on National priority programmes and how they can be supported by provinces and for provinces to identify initiatives that aligns with National objectives. During this engagement the CAV ACEO presented on the dtic’s Industrial Parks revitalisation programme and used the opportunity to solicit support for CAV. The MEC agreed that the Gauteng Department of Economic Development (GDED) through the GGDA, should continue with discussions to see how they can support CAV. 4.3 INVESTMENT PROPOSITION An interested tenant showed interest in setting up a Structural Composites Production Facility within the CAV Landside development phase on a Build-Operate-Transfer (BOT) model. This option is dependent on the potential tenant confirming the award of the contract for composites parts to an international OEM client. The option will be unpacked in detail once the go-ahead has been received from the client. These activities will include, understanding of the facility

CENTURION AEROSPACE VILLAGE NPC I ANNUAL REPORT I 2020/21

56