South Africa's industrial zones cost billions, but only a few deliver.

The World Bank reviewed South Africa's Special Economic Zones, a program that has received R24.2 billion in public money. It turns out most of these zones are not attracting private companies or creating widespread jobs.

South Africa's government has poured billions into Special Economic Zones, hoping to attract industry and create jobs. This review shows the money is not delivering on its promise, with most zones struggling to attract private investment or provide basic infrastructure. It means the government will now probably have to rethink its entire approach to industrial development, or risk continuing to fund underperforming projects.