KZN to benefit from Corobrick investment - Gungubele
Cabinet says it's committed to creating favourable conditions for inclusive economic growth and transformation.
At a post-cabinet briefing, Minister in the Presidency Mondli Gungubele said it was encouraging to see investments coming in.
This following the latest investment in KwaZulu-Natal by Irish food company, The Kerry Group, aimed at producing sustainable food for the continent.
"The Kerry Group has had a presence in South Africa since 2011 and their further investments is a sign that South Africa remains an investment destination of choice.
"The plant is unique as it boasts numerous sustainability features including low energy usage equipment, solar power generation to reduce consumption."
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Gungubele says KZN will also soon benefit from the recently opened Corobrick manufacturing plant.
"The state of the factory forms part an of R800 million investment which goes hand in hand with a further R200 million earmarked to expand operations in KwaZulu-Natal.
"Corobrick is one of several businesses that have responded to president Ramaphosa's call on South African and international enterprises to invest in this country."
