PRESIDENT Cyril Ramaphosa has lauded a new brick manufacturing plant in Driefontein, west of Johannesburg, as the fruits of the annual South African Investment Conference launched a few years ago.
Ramaphosa delivered the keynote address at the official opening of Corobrik’s Kwastina manufacturing factory on Wednesday.
He said the plant is proof that the pledges made by companies at investment conferences hold real economic benefits for the country.
“Here today, we are seeing the results of the R800 million investment pledged by Corobrik at the 2019 South Africa Investment Conference. This facility is indeed impressive. I am told it is the largest brickmaking project in the world outside of China. It joins Corobrik’s extensive operations in the country, which include 13 clay brick plants and 14 kilns,” said Ramaphosa.
The new project is also expected to reduce the company’s carbon footprint.
Kwastina is expected to generate at least 20% of
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