RBIDZ set to change the economic landscape of the region
Following the announcement of R320 million investment projects last year, the RBIDZ is set to change the economic landscape of the region boasting about R8.7 billion worth of investments with 2000 jobs to be created.
The Richards Bay Industrial Development Zone Investors recently held a dialogue session with the local SMME’s, mainly to share with the SMMEs their future needs on goods and services. The meeting afforded the RBIDZ investors a platform to illustrate on the nature of supply base that they look for in order to meet their manufacturing and operational requirements. On the other side, the meeting also provided the SMMEs an opportunity to interact with RBIDZ investors and understand the business developments in the pipeline and thus prepare to meet the locators’ business requirements including standards and methods of operations.
The day highlighted readiness on the side of the SMMEs to ensure they align their businesses to the supplier requirements of the investors, for instance, Nyanza Light Metals which will be creating over 800 construction jobs and about 300 operational positions in phases, will further create opportunities for suppliers in security and cleaning services, opportunities for the movement (transportation) of production from different locations, as well as waste management operations. ProStar Export Paint will be requiring supply of raw material, waste disposal, transport services, clearing and forwarding services, office equipment cleaning and garden services among other things.
Most of the investors are not yet operational (except Lovemore Brothers which started in December 2014), thus the event was planned so that the SMMEs will ready themselves for when the investors start operating. SPS Manufacturing is likely to commence construction of their plant in September this year (2015), while the Chairman of Nyanza Light Metals, Mr Donovan Chimhandamba said they will soon commission the Environmental impact assessment process and are projecting to start construction in 2018/19 for their project.
L-R: Vergan Kumar (Prostar Export Paint), John Paine (Lovemore Bros), Ivan Jones (Eagle Pride Power), Donovan Chimhandamba (Nyanza Light Metals), Jenelle Kumar (ProStar), Pumi Motsoahae and Zodwa Zikalala (RBIDZ), Dennis Naidoo and Sagren Naidoo (SPS Manufacturing).
CEO addressing guests during the SMME and Investors Dialogue.
Donovan Chimhandamba, Nyanza Light Metals Director