IDC drives development in Mpumalanga

12th July 2019

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Funding provided by the Industrial Development Corporation (IDC) has helped start-up recycling company Mihula Holdings increase its staffing levels to eight people.

The IDC in March provided funding to enable Mihula to buy a baler and trucks for collecting raw material.

Mihula, situated in Highveld Industrial Park since July 2018, shreds and bales paper, cardboard, plastic bottles and glass.

Mihula CEO Amelia Mkhonza on Friday said the business started in a backyard and, with initial help from the National Youth Development Agency, it was able to buy a shredder and secure more recycleable material from companies in eMalahleni, where the industrial park is based.

The IDC’s investment has allowed the business to grow even further.

IDC Mpumalanga regional manager Mashweu Matsiela said the company’s investment focus in the province was in manufacturing, tourism, agriculture and mining.

It has investments in a fresh produce market, a dehydrated foods plant and mining contractors.

Next, the IDC will provide funding for a hotel to open in the Kruger National Park, while it is also involved in a new specialty chemicals plant that will be built in the eMalahleni area.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION