Foreign investor to create 1000 jobs

by Khodani MasindiSeptember 14, 2017

Kwazulu-Natal and eThekwini Municipality continue to attract international investors with Chinese company Jingmen Hubei set to open two factories in Ezimbokodweni and Umgababa, south of Durban, and create 1000 employment opportunities.

This has been welcomed by Premier Willies Mchunu and eThekwini Mayor Zandile Gumede following the announcement by the Chinese delegation that was made at Umhlanga’s Oyster Box Hotel on 14 August. The development is a result of the relations forged between KwaZulu-Natal and Hubei Province, from the People’s Republic of China, located in the Central China region.

These two factories are an addition to a project in Cato Ridge where Jingmen Hubei has acquired a 60 percent stake in Shu Powders, cobalt powder manufacturer. The two new factories will feature a large recycling park which will specialise in recycling old vehicles, electronic scrap and rechargeable batteries.

Premier Mchunu said the development will help strengthen socio-economic relations between the two provinces. “In response to climate change challenges, the provincial government is forging partnerships with the business fraternity to help our country reduce carbon emissions and mitigate climate change,” he said.

Premier Mchunu added that government has launched a grassroots mobilisation campaign of waste collection focusing on recycling industries of various materials such as plastic, bottles and scrap. “The scrap metal industry alone in South Africa is worth between R15 and R20 billion a year and has the potential to create more employment. It is for these reasons that as the provincial government we are committed to working with Hubei Province to ensure that we create much needed jobs for local communities in the areas of recycling,” he explained.

KwaZulu-Natal is keen to take advantage of bilateral relations between South Africa and other countries including the BRICS bloc. Government will work with Jingmen Hubei to identify opportunities for local Small, Medium and Microsized Enterprises and black industrialists in particular to become major role-players in the two new factories, as suppliers or in the entire value chain of recycling. Vice Chairman of the Provincial Committee of People’s Congress, Fu Dehui said: “We pledge to continue working with the province of KwaZulu-Natal through focusing on recycling as a way to contribute to climate change. The two provinces will also focus on growing the economy and creating jobs.”

Source: http://www.durban.gov.za/Resource_Centre/new2/Pages/Foreign-investor-to-create-1000-jobs.aspx

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Khodani Masindi