Manufacturing shot in arm for Western Cape’s Atlantis
Czech company Pegas Nonwovens to build a R1.3bn fabrics manufacturing facility in the area that has been hit by jobs losses
The Western Cape town of Atlantis has received a major investment boost following the decision by the Czech company Pegas Nonwovens to build a R1.3bn manufacturing facility in the area. Pegas is a major global player in nonwoven fabrics manufacturing. The investment in Atlantis, about 40km north of the Cape Town city centre, will create about 200 employment opportunities for local residents, who will be trained and educated in the Czech Republic. Atlantis has lost thousands of jobs in the past decade, as clothing factories closed and the 2008-09 global economic crises took its toll on other businesses in the area. Western Cape Premier Helen Zille said major investments such as that by Pegas were a vote of confidence in the province. "Our goal is to encourage investment with the least possible red tape. We are launching the Cape Investor centre later [in 2017] as a one-stop-shop for investors to complete local, provincial and national regulatory processes, under the professional guid...
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