When companies invest in Africa by setting up production facilities here, they contribute far more than just finances, buildings and equipment; they offer their host countries a shortcut into the global mainstream, opening the doors to trade and development on an unprecedented scale.
CEO, Louis Meiring.
According to Louis Meiring, CEO of Zest WEG Group, by far the most important aspects of foreign investment are the access to global operations, the transfer of technology and the ongoing training and skills upliftment. “The global WEG Group initiated a programme to uplift Zest WEG Group facilities to become world class,” says Meiring. “This puts our local manufacturing facilities onto an international platform. This is all feasible through technology transfer, as we have the resources to skill and train our staff and our customers.”
He also emphasises the importance of skilled and regular maintenance to extend the life cycle of equipment. “Part of the investment in skills is to educate those who operate and oversee equipment about the importance of proper maintenance,” he explains.
One of the most welcome benefits of economic investment is the creation of jobs within the new manufacturing facilities created. “This is the peripheral knock-on effect of investment, which is equally as important as the direct investment in the facility and the plant and equipment. To ensure that we harness the positive impact of indirect job creation, we also engage in supplier development activities to strengthen our downstream partners,” he concludes.
Read more...Understanding standby, prime and continuous gensets WEG Africa
Electrical switching & drive systems & components
The increasing reliance of South African businesses on generator sets to mitigate power disruptions highlights a crucial need for proper selection based on specific operational demands. Despite their growing usage, there is still widespread confusion about how to choose the appropriate genset, often leading to inefficient and costly decisions.
Read more...From the editor's desk: A good servant and a bad master Technews Publishing
News & events
In our new AI-generated world it was inevitable that the Nobel Committee would have noticed. Now two pioneers of artificial intelligence, John Hopfield and Geoffrey Hinton, have won the Nobel Prize ...
Read more...Celebrating 65 years: rebuilding and redefining its legacy Axiom Hydraulics
Editor's Choice News & events
Founded in 1959 by Neill Simpson, Axiom Hydraulics has grown into one of South Africa’s elite hydraulic companies. Over the past six and a half decades they’ve weathered many challenges, but none as devastating as the fire of 2023.
Read more...Eskom Expo International Science Fair honours top young scientists
News & events
Excitement filled the air as the 44th Eskom Expo International Science Fair (ISF) opened its doors, welcoming young scientists with an electrifying line-up of activities, including robotics and coding workshops, and riveting science shows.
Read more...Young robotics team takes world title igus
News & events
In an inspiring demonstration of innovation and teamwork, Texpand, a young South African robotics team, recently made history by winning the 2024 FIRST Tech Challenge World Championships.
Read more...Bosch Rexroth Africa announces retirement of COO, Mike Harrison Bosch Rexroth Africa
News & events
Bosch Rexroth Africa would like to announce the retirement of one of its stalwarts. Group chief operating officer, Mike Harrison will retire at the end of the year. His retirement marks the end of a remarkable career spanning 34 years.
Read more...Selection of two-port valves: an open and shut case SMC Corporation South Africa
News & events
Little consideration is generally given to 2-port valves because they are often perceived as simple devices that only open and close to control downstream fluid supply. Although this is mechanically true, choosing the optimal 2-port valve for your application can make a big difference, saving space, weight and energy consumption.
Read more...MeerKAT radio telescope array
Editor's Choice News & events
Leading consulting engineering and infrastructure advisory practice, Zutari is continuing its involvement with the world-leading MeerKAT radio telescope array, where it has played a leading role since the project first broke ground.
printer friendly version