1 year ago

KwaZulu-Natal Business 2022-23

  • Text
  • Trade
  • Africa
  • Invest
  • Investment
  • Business
  • Kwazulunatal
  • Kzn
  • Terminal
  • Industrial
  • Province
  • Provincial
  • Tourism
  • Economic
  • African
  • Sector
  • Richards
  • Durban
The 2022/23 edition of KwaZulu-Natal Business is the 14th issue of this highly successful publication that, since its launch in 2008, has established itself as the premier business and investment guide for the KwaZulu-Natal Province. In addition to the regular articles providing insight into each of the key economic sectors of the province, there is a special feature on national government’s campaign to encourage private investment in ports. The vital role of the ports of Durban and Richards Bay in the South African economy cannot be understated and putting them in a better position to deal with commodities and cargoes of every sort is clearly in the national interest. A special purpose vehicle is to be created within Transnet to make dealing with private companies less complicated. The increasing importance of the Oceans Economy to the future of the provincial and national economy is relevant to any examination of the economy of KwaZulu-Natal. This applies as much to trade and ship-repair as it does to the exciting gas discoveries which have been made off the coast of Mozambique and South Africa.

FOCUS Kerry opens

FOCUS Kerry opens largest and most advanced taste facility in Africa New Durban facility will produce sustainable nutrition solutions for consumers across the continent. Deputy Minister Nomalungelo Gina and the KwaZulu-Natal MEC for Economic Development, Tourism and Environmental Affairs, Ravi Pillay, join the Irish Ambassador, Fionnuala Gilsenan, and Kerry Foods executives at the official opening of the Kerry Foods plant based in Hammarsdale KwaZulu-Natal. Kerry, the world’s leading taste and nutrition company, officially opened the largest and most advanced taste manufacturing facility on the African continent on Tuesday, 10 May 2022. The new R650-million facility is located in Hammarsdale, Durban, and will produce sustainable nutrition solutions that will be consumed across the African continent. The official opening was attended by Deputy Minister of Trade, Industry and Competition (DTIC), Nomalungelo Gina, KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC, Ravi Pillay, and Ambassador of Ireland to the Republic of South Africa, Her Excellency Fionnuala Gilsenan, plus eThekwini Municipality’s Executive Committee Member and Chairperson of the Governance Committee, Councillor Nkosenhle Madlala. The 10 000m2 facility is one of the company’s most environmentally efficient manufacturing sites with numerous sustainability features including low energy usage equipment, solar power generation to reduce consumption from the local grid, waste heat capture and efficient water capture, reuse and reduction. Commenting on the opening, Edmond Scanlon, CEO Kerry Group, said, “The opening of the facility in Hammarsdale is a significant step forward in helping to realise our vision of creating a world of sustainable nutrition. For 50 years, Kerry has focused on meeting local consumer needs grounded in great taste, one of the most important criteria in any food or beverage. Our suite of worldleading technologies combined with our expertise and now this state-of-the-art manufacturing facility ensures that we can continue to work with our customers to produce great-tasting, nutritious products that are respectful of our planet.” The project is recognised as a key strategic investment in the Durban region and within South Africa’s food manufacturing industry. It has been KWAZULU-NATAL BUSINESS 2022/23 24

FOCUS included as part of the South African presidential investment drive to stimulate sustainable, equitable and inclusive growth as the foundation for socio-economic transformation in the country. “As the DTIC, we are excited about this investment because it aligns very well with our reimagined industrial strategy. As a department, we undertook to support improved industrial performance through localisation, dynamism and the competitiveness of local companies,” said Gina. “Our economic vision is to lift the rate of inclusive economic growth and investments such as this will assist us to achieve these objectives.” Invest Durban together with other spheres of government and organised business bodies played key roles in positioning the region as an attractive Metro destination for high-value-add, export-oriented production. The eThekwini Metropolitan Municipality declared itself pleased with these efforts for and by a global firm like Kerry Foods. The Kerry Group’s first enquiries involved teams from Invest Durban directly and the council and its agency have both been intimately involved in all aspects of building construction, local supplier engagement, local finance arrangements and tax and customs support through to the final factory launch. Invest Durban will continue to work with Kerry Foods as part of the City’s Key Investor Aftercare Programme. Kerry is also expanding its Development and Application Centre in Nairobi, Kenya, to further support customers in East Africa and the development of sustainable food processing for the continent. Paul Hewitt, Vice President, Sub Saharan Africa Kerry Group said, “Kerry has had a presence in South Africa since 2011 and our success has been based on our ability to deliver truly authentic African taste by identifying traditional food and flavours and reimagining it into today’s modern context. More than understanding consumer taste, we are committed to predicting global and regional trends and innovating with our customers to lead the industry towards the next generation of sustainable African food and nutrition. South Africa is in a unique position to service East, Central as well as West Africa and we look forward to working with food and beverage companies to create products that will be enjoyed across the continent.” With Kerry’s innovation expertise, solutions portfolio and sustainability commitments, the company ultimately aims to decrease the environmental and social impacts of the food industry value chain so that consumers everywhere can make better, healthier choices and leave a better world for future generations. ■ About Kerry Group Kerry is the world’s leading taste and nutrition partner for the food, beverage and pharmaceutical markets. We innovate with our customers to create great-tasting products with improved nutrition and functionality, while ensuring better impact for the planet. Our leading consumer insights, global RD&A team of more than 1 000 food scientists and extensive global footprint enable us to solve our customers’ complex challenges with differentiated solutions. At Kerry, we are driven to be our customers’ most valued partner, creating a world of sustainable nutrition, and will reach over two-billion consumers with sustainable nutrition solutions by 2030. For more information, visit 25 KWAZULU-NATAL BUSINESS 2022/23

Copied successfully!

Other recent publications by Global Africa Network: