The group also plans to give a 15% stake to the community and employees of the company, all of whom come from the surrounding community, with Nelson saying “there will be no strings attached” such as share lock-in periods, as it is “the right thing to do”.“The community of Nababeep has about 5,500 people, of which about 70% are unemployed. Every morning when we stop at the gate of our plant there are 30 to 40 people looking for work.
Nelson believes the group can make “good money” and “leave a legacy and change the town and people’s lives”. Explaining the history of the company, Nelson said he, financial director Stephan du Plessis and chair Rupert Smith had “always wanted to form a company like this” and copper “piqued our interest”.
Add to this the “electric car revolution”, said Nelson, and demand is expected to continue increasing.
Sure you mean processor…fml you’re a media company.