Job creation and investment promotion in the Eastern Cape received another strong fillip during the high level working visit to China, recently. Led by Premier Phumulo Masualle, the Shenzen Hengyue Industrial Development Company signed a R300 million investment in a tile manufacturing plant, which will be situated in the East London Development Zone.
The manufacturer, which is based in Guangdong Province, signed an investment deal that will result in creation of 500 jobs in the initial stages and will grow to 1000 jobs when operations are in full swing.
The Eastern Cape delegation included Rural Development and Agrarian Reform MEC, Mlibo Qoboshiyane, Finance MEC, Sakhumzi Somyo and the Executive Mayor of Buffalo City, Councillor Xola Pakati.
Other future sectoral agreements include trade in fisheries, dairy products, horticulture crops, macadamia nuts, maritime economy, renewable energy and capacity building as well as exchange programmes between universities and TVET colleges.