BUSINESS DAY TV: A Vaal Triangle rejuvenation would make for good economics
Nampak CEO André de Ruyter talks to Business Day TV about moves to revitalise manufacturing in Gauteng by making the Vaal Triangle a special economic zone. BUSINESS DAY TV: There are moves to classify the Vaal Triangle as a special economic zone (SEZ); this in a bid to revive the rather crumbling manufacturing sector in the region. In the studio now to motivate for the cause is André de Ruyter, the CEO of Nampak. André welcome, tell us why you decided to champion the cause? ANDRÉ DE RUYTER: In my capacity as chairman of the Manufacturing Circle and obviously, also to declare my interest, Nampak does have plants in the Vaal Triangle, so we seek to benefit from it. It became clear to us that we needed a catalyst to kick-start growth in that area. When you look at unemployment statistics, 40% unemployment, many young people having given up looking for jobs, it’s really a socioeconomic challenge, but also an opportunity that can benefit from preferential treatment. BDTV: You said that t...
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