This morning saw Petro SA Group CEO Nosizwe Nokwe-Macamo address the local business community to provide an update on the progress and significance of Project Mthombo in the Coega IDZ.
"Project Mthombo is an important project not only to us at PetroSA, but also to the Nelson Mandela Bay Municipality, the Eastern Cape, the country as a whole and, indeed, the Sub-Saharan African region. This project, strategically located in the Coega Industrial Development Zone in the Eastern Cape, is at the heart of trade flows and a growing economy where the demand for petroleum products is rising steadily. Coega has potential to integrate fragmented but growing markets. It can drive intra-regional crude and product trade and is an enabler for distributing clean fuels into sub-Sahara Africa. It stands to reason, therefore, that Project Mthombo, which will contribute to security of liquid fuels supply in the SADC region, is indubitably a critical infrastructure project for the development and economic growth of this country and the SADC region."
To read more of Nokwe-Macamo's speech, click here