{"id":206338,"date":"2021-10-26T15:34:15","date_gmt":"2021-10-26T13:34:15","guid":{"rendered":"https:\/\/www.myza.co.za\/kzn-premier-welcomes-tetra-paks-multi-million-investment\/"},"modified":"2021-10-26T15:34:15","modified_gmt":"2021-10-26T13:34:15","slug":"kzn-premier-welcomes-tetra-paks-multi-million-investment","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/kzn-premier-welcomes-tetra-paks-multi-million-investment\/","title":{"rendered":"KZN Premier welcomes Tetra Pak’s multi-million investment"},"content":{"rendered":"
<\/div>\n

KwaZulu-Natal Premier Sihle Zikalala has commended Swedish multinational food packaging and processing company, Tetra Pak, for its multi-million investment that will create new jobs in the wake of COVID-19 and related socio-economic challenges.<\/p>\n

Tetra Pak South Africa announced the investment of approximately R500 million to upgrade the production capacity of its packaging material factory in Pinetown, Durban.<\/p>\n

The investment will go towards upgrading and increasing the production capability of their packaging material factory located at the plant in Pinetown.<\/p>\n

Speaking at the event, Zikalala said the announcement of the investment confirms a long-term commitment to KwaZulu-Natal, and showcases South Africa as a key manufacturing hub, with the capacity in infrastructure and skills to serve all the Southern Africa markets.<\/p>\n

\u201cWe welcome this injection of half a billion rand into our economy, which will certainly foster economic growth and boost much-needed jobs in the province. At a time when the global economy is hard-hit by the COVID-19 pandemic, the provincial government is pleased that Tetra Pak\u2019s investment will safeguard approximately 120 jobs, with an additional minimum of 20 new technical professionals to be employed.<\/p>\n

\u201cWe are also excited about Tetra Pak\u2019s long-term vision [and] from this current production location, the company is seeking to position itself as an export hub for South Africa and a platform for growth on our wider continent.<\/p>\n

\u201cKwaZulu-Natal has mounted an energetic, diplomatic engagement to invite investment into our province to create jobs and safeguard livelihoods,\u201d Zikalala said.<\/p>\n

The Premier said the Tetra Pak investment adds strength and vigour to the \u201charmonious fraternal\u201d relations between Sweden and South Africa.<\/p>\n

\u201cWe located this investment within the objectives of the KwaZulu-Natal Economic Recovery and Transformation Plan, which is working to cushion the devastating impact of COVID-19 on the economy and livelihoods.\u201d<\/p>\n

Operation Vula Fund<\/strong> <\/p>\n

In order to bring the black majority in the mainstream economy and reduce race based and gender-based poverty and inequality, the Premier said the provincial government launched Operation Vula Fund as the cornerstone of the KwaZulu-Natal Economic Recovery and Transformation Plan.<\/p>\n

In June 2021, equipment with a combined value of R300 million was disbursed to more than 1 000 Small, Medium and Micro Enterprises (SMMEs), and no less than 42% of the successful applicants were youth-owned businesses.<\/p>\n

Funding was also approved to 447 women-owned businesses, which represents 43% of the total successful applications lodged with Operation Vula Fund.<\/p>\n

The provincial government is also implementing the policy of 30% set aside for women, youth and black-owned SMMEs. It is further implementing the targets on local procurement, with 35% allocated to the youth, 30% women, 5% people with disabilities, and 60% allocated to Africans.<\/p>\n

\u201cWorking with a country like Sweden and a company like Tetra Pak, we are confident that we can grow the provincial economy, create employment, and lift the living standards of all our people, black and white.<\/p>\n

\u201cOur government has a carefully conceived programme of radical socio-economic transformation that is being implemented on a daily basis with demonstrable results. Our task is to help support skills development, attain policy certainty, remove red tape, fight crime and protect investments,\u201d Zikalala said.<\/p>\n

Tetra Pak Southern Africa Managing Director, Stefan Fagerang, said the Pinetown investment is about increasing the local content of its manufactured product by 50% to 80%.<\/p>\n

\u201cThe investment also supports the company’s commitment to be carbon neutral by 2030 and its ability to serve the Southern African market,\u201d Fagerang said.<\/p>\n

Tetra Pak Pinetown factory director, Muhammad Waqas Ali, said with the new state of the art plant, if a customer needs to respond to market changes, \u201cwe will be able to accommodate such changes with a quick turnaround.\u201d \u2013 SAnews.gov.za<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

KwaZulu-Natal Premier Sihle Zikalala has commended Swedish multinational food packaging and processing company, Tetra Pak, for its multi-million investment that will create new jobs in the wake of COVID-19 and related socio-economic challenges. Tetra Pak South Africa announced the investment of approximately R500 million to upgrade the production capacity of its packaging material factory in […]<\/p>\n","protected":false},"author":1,"featured_media":206339,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[38678],"class_list":{"0":"post-206338","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-south-africa","8":"tag-sanews","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2021\/10\/kzn-premier-welcomes-tetra-paks-multi-million-investment.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/206338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=206338"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/206338\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/206339"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=206338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=206338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=206338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}