Deputy Minister Majola to Launch a R65m Black Industrialist Company in Gauteng
The Deputy Minister of Trade and Industry (the dti), Mr Fikile Majola will launch a multi-million-rand Black Industrialist roofing solutions company, Malvilox on Monday, 9 December 2019, in Krugersdorp.
Malvilox is an 80% Black-owned Company that manufacturers concrete roof tiles which offers a total roofing solution. The company was approved for grant funding of R23 million through the Department of Trade and Industry (the dti’s) Black Industrial Scheme (BIS) and the project is co-funded by the Industrial Development Corporation (IDC).
The BIS is an incentive of the Black Industrialists Programme that aims to unlock the potential within black industrialists operating in strategic and productive manufacturing sectors of the South African economy through deliberate, targeted and well-defined financial and non-financial interventions.
“The BIS supported Malvilox to acquire the new concrete roof tile machinery and equipment, stock yard equipment, light weight steel rolling equipment, forklifts and front loaders. The company has since spotted an opportunity to come up with a long term strategy objectives of expanding to other major provinces in South Africa with growing interests in the Western Cape and the Eastern Cape regions,” says Deputy Minister Majola.
Majola adds that the position in which the company is located in at the Chamdor Industrial Park, next to Kagiso Township will benefit the youth of Tshepisong, Munsieville, Randfontein, Bekkersdal, Joe Slovo Park, Kagiso and the surrounding townships in the form of employment and sustainable livelihoods.
“Malvilox’s strategic position will benefit the citizens of Mogale City, as a potential job absorbing initiative. At application stage, the company projected the creation of 70 jobs over a period of two years, plus 75 indirect jobs, as it sources 100% of their raw materials input and suppliers locally. So far, the company has created 50 direct job opportunities, which is quite an achievement considering that the company was established as a Greenfield project and was only fully commissioned in December 2018. This is an indication that there is great potential of exceeding the employment creation target,” says Majola.
Sidwell Medupe-Departmental Spokesperson
Tel: (012) 394 1650
Mobile: 079 492 1774
Issued by: The Department of Trade and Industry
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