Two new com­pa­nies com­ing to town with R500m

Daily Dispatch - - Front Page - ARETHA LIN­DEN

Fine jew­ellery and flavoured con­doms are com­ing to East Lon­don, with hun­dreds of jobs.

On Thurs­day, the EL IDZ an­nounced that Meek Mines, a jew­ellery man­u­fac­tur­ing com­pany spe­cial­is­ing in di­a­monds, and Nu­la­tex SA, a con­dom man­u­fac­tur­ing com­pany, are com­ing to town, bring­ing with them more than R500m in in­vest­ments and cre­at­ing close to 500 jobs be­tweem them. Both com­pa­nies are black-owned.

Meek Mines, set to open in Jan­uary, has in­vested R423m and ex­pects to cre­ate 150 jobs.

Meek’s Neil Isaacs said some jew­ellery will be ex­ported to the Mid­dle East. Job op­por­tu­ni­ties will in­clude gen­eral man­agers, di­a­mond cut­ters and pol­ish­ers. Isaacs said they could pro­duce 20,000 carats of di­a­monds a month.

Isaacs said black peo­ple had been re­duced to “zama-za­mas”, il­le­gal min­ers. “We are the cus­to­di­ans of the min­er­als of this coun­try. We are born here, so the gov­ern­ment has made a pro­vi­sion that will see 10% of the di­a­monds pro­duced in SA ben­e­fit­ing lo­cal peo­ple.

Isaacs said: “There is a lot of neg­a­tiv­ity go­ing on in the na­tion, but now is not the time to be neg­a­tive. This is a plat­form where the light can shine and pierce the dark­ness and re­store hope. And the right place to in­vest is the IDZ to boost our own econ­omy.”

Kings­ley Tloubatla from Nu­la­tex said SA had a high con­sump­tion of con­doms but man­u­fac­tured only 13% of them, with 87% im­ported.

Nu­la­tex has in­vested R79m and ex­pects to cre­ate 300 jobs.

The fa­cil­ity will have a pro­duc­tion ca­pac­ity of 10 mil­lion grape-, ba­nana- and straw­ber­ryflavoure­d con­doms a month.

“Our ob­jec­tive is to im­prove life ex­pectancy by pre­vent­ing the spread of HIV,” he said.

It will be the first con­dom man­u­fac­tur­ing com­pany in Africa that qual­i­fied to meet World Health Or­gan­i­sa­tion (WHO) stan­dards.

The plant is ex­pected to open in the first quar­ter of 2019.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.