Working in partnership with the government, Samsung South Africa is developing e-waste management activities, ensuring that they play an integral role in the future of the industry.
JOHANNESBURG, South Africa – May 04, 2021 – As part of Samsung’s R280 million Equity Equity Investment Program (EEIP), as part of the Broad Based Black Economic Empowerment launched in March 2019, Samsung in collaboration with the Ministry of Commerce, Industry and competition (the dtic) launched an initiative to provide opportunities for Black Industrialists (BI) in the recycling sector. Through this initiative, Samsung has become a full partner in building and supporting black-owned businesses that can manage and impact Waste Electronic and Electrical Equipment (WEEE).
After rigorous assessment, due diligence and presentations to the steering committee, which included representation from the dtic, The Department of Environment, Forests and Fisheries (DEFF), Industrial Development Corporation (IDC) and Samsung South Africa, two black women-owned companies – Ilanga E-Waste Management and Matongoni General Trading were selected to participate in the program.
“We congratulate Samsung on this important step in their EEIP journey. B-BBEE in South Africa should be supported, promoted and implemented, especially by big companies like Samsung. The South African Constitution laid the foundation for the creation of a cohesive and inclusive economy. This will only be possible if the South African economy draws on the full potential of all people and communities throughout the length and breadth of our country. The B-BBEE policy is central to the government’s strategy to create such an inclusive economy. This Samsung initiative is a prime example of politics in action, ”said Jacob Maphutha, B-BBEE chief policy director at the dtic
The program is structured in two phases. The first phase supports the establishment and growth of black manufacturers in electronic waste value chains, specializing in collection, dismantling and pre-treatment. The second phase aims to establish partnerships with industry specialists to develop and introduce enrichment technology in BI.
“Samsung’s investment in our business has been a game-changer for the team. It plays a major role in our company’s ability to meet our long-term budget goals and stay aligned with our vision for a more sustainable future for the country, ”said Maria Rakgalakane, Managing Director of Ilanga E-Waste Management.
Ultimately, the investment over the next three years will provide BI with the funds needed to capitalize the business for plant, equipment and operating expenses.
“Samsung is focused on growing entrepreneurship in South Africa, as evidenced by our investment in developing e-waste programs, among others. The selection of e-waste handling companies and the support provided play a central role in affirming Samsung’s commitment not only to growing the e-waste economy in South Africa, but also to preserving natural resources. from the country. It is an essential part of Samsung’s mission to put the environment at the forefront of all business operations, with several long-term sustainability programs that include designing sustainable packaging and reducing the carbon footprint through to the use of recycled materials. Crucially, the positive impact on the environment will translate into lasting change that will benefit all South Africans, ”says Hlubi Shivanda, Director: Business Innovation Group and Corporate Affairs at Samsung South Africa