Enterprise zone

An area with economic problems that has been given financial help by the government to encourage the growth of new businesses. The government grants automatic planning permission for such development or class of development subject to conditions and limitations, as may be specified in a scheme. Enterprise Zones are designated by the Secretary of State.

Part of the Commercial Property glossary — plain-English definitions of the terms you meet when leasing, buying or selling commercial space in South Africa. See also our how-to guides.