The Nelson Mandela Bay Business Chamber has welcomed Eastern Cape Premier Oscar Mabuyane’s announcement regarding his commitment to support Nelson Mandela Bay to become an international tourism destination, including fast-tracking catalytic projects such as the multi-billion rand Mthombo Oil refinery.
The Business Chamber sees a massive positive impact Project Mthombo will have on the socio-economic development of the Eastern Cape and we are supportive of establishing a petrochemical sector in the Metro.
“As the Business Chamber, we had convened a stakeholder interest group in order to lobby for political, government, labour and business support for the project, as well as to facilitate interaction and co-operation amongst key role-players to ensure the City and region are in a state of readiness to a megaproject of this magnitude,” said Nomkhita Mona, NMBBC CEO.
Essentially, the project would be in line with the Business Chamber’s trade and investment strategy, which identifies the oil and gas sector as a key industry to develop the Metro. Should the project gain momentum, the Business Chamber would advocate for international best practice to be implemented in terms of health, safety and the environment.
“We would encourage a high localisation component from which Eastern Cape businesses could benefit,” she said.