Meek Mines South Africa and Nulatex Condoms South Africa last week announced a R502-million investment into the East London Industrial Development Zone (ELIDZ). Meek, which cuts and polishes diamonds mined for supply to both the domestic and foreign market, will invest R423 million. The company has taken over an existing facility within the ELIDZ section which includes diamond cutting and beneficiation. Nulatex, a pharmaceutical company which manufacture male and female condoms and other latex products from a facility in the IDZ, is investing R79 million. The Department of Trade and Industry, through the SEZ Fund, provided the IDZ with R568 million for the development of Phase 1 of the project, according to deputy minister Bulelani Magwanishe. “This will go towards the expansion of the Automotive Supplier Park,” he said.
