As­pen cre­ates jobs in EC

Vuk'uzenzele - - Gejnoebrsal -

LO­CALS ARE set to ben­e­fit from a new con­tain­ment fa­cil­ity in the East­ern Cape.

Trade and In­dus­try Min­is­ter Rob Davies launched As­pen’s R1 bil­lion high con­tain­ment fa­cil­ity which will cre­ate over 500 jobs in Port El­iz­a­beth. sig­nif­i­cant in­vest­ment which is tak­ing South Africa into a new level of manufacturing.

“If we look at the phar­ma­ceu­ti­cal in­dus­try South Africa’s pop­u­la­tion is the largest con­sumer of phar­ma­ceu­ti­cal prod­ucts. When we look at some of these sta­tis­tics, I think we can see that there are huge chal­lenges in that we have a huge trade deficit of around R20 bil­lion. This means we im­port R20 bil­lion of phar­ma­ceu­ti­cal prod­ucts than we ex­port,” said Min­is­ter Davies.

He said the manufacturing of phar­ma­ceu­ti­cal goods con­trib­utes about 0.48 per­cent of South Africa’s Gross Do­mes­tic Prod­uct (GDP) which plays a small part in the econ­omy and em­ploys about 9 600 peo­ple.

“When we look at the manufacturing value chains in the world South Africa will be bet­ter off if we are in­volved in the pro­duc­tion of value added prod­ucts even if it is just ba­sic manufacturing than sim­ply im­port­ing.”

Group Chief Ex­ec­u­tive of As­pen Stephen Saad said the company is a se­rial in­vestor in the South African phar­ma­ceu­ti­cal in­dus­try.

“We are pleased that over 90 per­cent of the jobs that will be cre­ated in the new fa­cil­ity will be lo­cal jobs mostly drawn from sur­round­ing com­mu­ni­ties such as New Brighton town­ship.

“These em­ploy­ees will go on to be­come world-class highly skilled peo­ple that can hold their own any­where and in most fa­cil­i­ties glob­ally.”

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