A jewellery manufacturing company specialising in diamonds and a condom manufacturing company are coming to East London, bringing with them more than R500-million worth of investment and creating hundreds of jobs.
On Thursday, the East London Industrial Development Zone (IDZ) announced Meek Mines and Nulatex as their two new investors.
Meek Mines, which is set to open in January next year, has invested R423-million and is expected to create 150 direct jobs.
According to the investor at Meek Mines, some of the jewellery would be exported as far as the Middle East and the jobs opportunities that would be created include general managers, diamond cutters and diamond polishers.
Speaking at the IDZ where the announcement was made, King Tloubatla from Nulatex said South Africa had the highest consumption of condoms but manufactures the least.
According to Tloubatla 87% of the condoms used in the country were imported with SA only manufacturing 13% of the condoms they use.
Nulatex has invested R79-million and is expected to create 300 jobs...