Ricochet News

Sweet R10-million investment for Coega IDZ

DECEMBER 2, 2015
Sweet R10-million investment for Coega IDZ

A sugar processing company with a network that stretches throughout Southern Africa is one of the first new investors in a new R86-million (US$ 7.4-million) agro-processing multi-user facility in the Coega Industrial Development Zone (IDZ).

River Edge Trading 4 (Pty) Ltd (RET) is to invest R10 million in a sugar processing plant to be situated in Zone 3 of the IDZ. It joins a number of other agro-processing and food packaging and storage facilities in the Coega IDZ. They include Coega Dairy, Famous Brands, PE Cold Storage, Vector Logistics, Digistics, ID Logistics and Dynamic Commodities.

River Edge Trading, which is based in the Western Cape, has been operational in the sugar business since 1997. It is involved in the trading of sugar and syrup between South Africa, Swaziland, Zimbabwe, Botswana, Mozambique, Malawi, Zambia and Brazil.

“Our selection of the Coega IDZ is due to their location. The IDZ’s strategic proximity to the Port of Ngqura as well as serving the local market works in our advantage,” said River Edge Managing Director, Chris Engelbrecht.

“In addition, being located in a Customs Controlled Area is crucial, the other options were just too far or the risk too high to make it viable, so Coega was the best fit.”

“Further I must also express my appreciation towards the Coega team. They were professional and efficient in all our engagements which impressed me very much,” added Chris.

A wholly-owned subsidiary Super Syrup produces Inverted liquid sugar or COT-75 which, according to the company, has a number of advantages over normal crystallised sugar.

It improves the shelf life of products, enhances flavours, and requires less baking time at lower temperatures - getnews.co.za