State-of-the-art factory a concrete public-private partnership

• Published date: 04 May 2022
• Publication title: South African Official News

President Cyril Ramaphosa says the public sector and private business can come together to form productive partnerships which can accelerate South Africa's economy and create jobs.

The President was speaking at the opening of the Corobrik Kwastina Brick Manufacturing factory at Driefontein, in Gauteng, on Tuesday.

The factory is a manifestation of an initial R800 million investment pledge made by the company during the 2019 South African Investment Conference.

That pledge has now grown to R1 billion with the company pledging a further R200 million to expand its KwaZulu-Natal based concrete facility.

'At the 4th South Africa Investment Conference in March this year, I said that we want to see investment commitments fast being turned into projects. We want to see foundations being sunk, to hear the sound of bricks being laid and seeing cranes dotting the skyline. We want to see factories being built and production lines being expanded. We want to see people being employed and skills being developed.

'And here today at Kwastina we are seeing the fulfilment of such investment commitments. Here today, we are seeing the results of the R800 million investment pledged by Corobrik at the 2019 South Africa Investment Conference. This investment is an example of the productive partnerships that have been forged between business and government to grow our economy and create jobs,' the President said.

The President highlighted that the fact that the company is a local one supports government efforts to empower and support local enterprises.

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