Important investment projects inspected
AS part of the MEC's 100 days in office, the Wilmar Oil Processing and Nyanza Light Metals investment projects at Richards Bay Industrial Development Zone (RBIDZ) were inspected on Tuesday.
Economic Development, Tourism and Environmental Affairs MEC Siboniso Duma commended efforts to grow investment and drive economic development in the region.
Visits to these two major investments were preceded by the handover of the Mkhuze Airport terminal building.
Accompanied by various stakeholders, including CEO of Trade & Investment KZN (TIKZN) and the department’s HOD Nhlakanipho Nkontwana, Duma assessed the construction of Wilmar’s palm oil refinery – a R1.5-billion project.
The site inspections continued to Nyanza Light Metals' product testing and development centre, which is part of the first phase of the multi-billion rand titanium pigment processing plant.
“It is very special for us to be visiting these two strategic catalytic projects,” said Duma.
“Between Nyanza and Wilmar, there is an investment of about R12-billion, which bodes well for the economy of the province. “Through these projects, we are pleased that our country will be able to compete in the space of edible oil processing through Wilmar, and light metals being produced by Nyanza, that will help increase our participation in this sector,” he said