High-level recognition of biofuels ‘underscores’ industry’s relevance
President Jacob Zuma’s recognition of South Africa’s emerging biofuels sector in the 2014 State of the Nation Address (SoNA) underscored the relevance of the industry to the country’s economic growth plans, South African biofuels company Mabele Fuels said last week.
During the SoNA, Zuma announced that “biofuels manufacturers have been selected and have started work”, which Mabele joint CEO Zahir Williams said was a “major recognition of the biofuels industry’s large-scale agricultural job creation and rural development prospects”.
Mabele also lauded Zuma’s commitment to implementing the first phase of the National Development Plan between 2014 and 2019.
“As a new investor in the economy, we welcome this clarity and certainty on the macroplanning and policy trajectory of the country,” said Williams.
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