Multibillion rand Nyanza Light Metals project launched
By Given Majola
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The multibillion rand Nyanza Light Metals project represented an opportunity for South Africa to demonstrate that Africans could transform the continent from being a mere exporter of low value primary raw materials to becoming an exporter of value-added products, said Nyanza chief executive Donovan Chimhandamba.
He was speaking on Thursday at the launch that followed the commencement of construction of the first phase of the Nyanza Light Metals Technical Services Centre in March this year.
The Technical Services Centre would produce sufficient titanium dioxide pigment volumes for its customers to use in their manufacturing processes, while bulk volumes would be produced by the main plant coming in the next phases.
KZN EDTEA MEC to launch Nyanza Light Metals Technical Services Centre zululandobserver.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zululandobserver.co.za Daily Mail and Mail on Sunday newspapers.
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MEC for EDTEA, Mr Ravi Pillay to officiate the launch of Nyaza Light Metals Centre and inspect progress of the construction works
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MEC for EDTEA, Mr Ravi Pillay to officiate the launch of Nyaza Light Metals Centre and inspect progress of the construction works
Development to drive economic recovery
By Vernon Mchunu
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DURBAN - An estimated 2 200 construction jobs (temporary) have been created. These projects come at a time when there has been a sharp decline in the construction sector and an increase in unemployment globally Simangele Ngcobo
ABOUT R6.4 billion worth of investment plus 1 641 direct job opportunities have been generated in the fast-growing Dube Tradeport and the Richards Bay industrial zones, the Department of Trade, Industry and Competition (DTIC) has said.
The two form part of the national Special Economic Zones (SEZs) Programme developed by the government to fast-track economic recovery.
While the Dube Tradeport had secured new investments to the tune of R600 million, with the resultant generation of 841 employment opportunities, the Richards Bay SEZ – through the construction of an edible oil factory and a titanium dioxide factory – amassed R5.8bn worth of private investment, resulting in the creation of abo
Richards Bay IDZ operational investment value surge
By BR Reporter
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The operational investment value of the Richards Bay Industrial Development Zone (RBIDZ) has increased due to the Special Economic Zones programme (SEZ) attracting a significant number of investors.
The value increased from R17.7 billion by the end of the third quarter of the 2019-2020 financial year to R19.5 billion for the same period of the 2020-2021 financial year.
This is according to Deputy Minister of Trade and Industry Nomalungelo Gina. She was speaking during her week-long visit to KwaZulu-Natal and look in on the RBIDZ.
“This is a positive increase of R1.8 billion. During the same period, the number of investments has increased from 129 to 143,” said Gina.