JOHANNESBURG - Investing towards the 2030 National Development Plan is Proctor and Gamble's commitment to the growth of South Africa's economy.
The consumer goods company has launched a premier diaper line expected to create new jobs to boost economic growth.
In 2018, President Cyril Ramaphosa initiated the South Africa Investment Conference, with the ambitious goal of attracting R1.2 trillion in investments over five years.
P&G is one of the world’s largest consumer packaged goods companies. Whether its Pampers, Ariel, Always, Oral B, Gillette or Vicks, you're likely to have atleast one of their products in your household.
P&G operations in South Africa span across three decades.
The American company is now launching and commissioning a manufacturing line of premium care products.
The company's president in South Africa, Stanislav Vecera says they feel important to be part of SA's growth story. "Indeed our gathering here today pampers premium manufacturing line and we feel privileged to be part of SA's growth story".
The global company's investment commitments in the country has amounted to R900 million.
P&G’s economic footprint has seen the creation of over 4 000 direct and indirect jobs..
The launch has highlighted the impact of attracting Foreign Direct Investment into the country as a pillar to achieving the goals of the NDP 2030 and highlight the importance of public-private partnerships.