THE Nelson Mandela Bay Municipality announced its 50 top companies for 2017 last Tuesday.
Councillor Andrew Whitfield, Member of Mayoral Committee for Economic Development, Tourism and Agriculture, said at the announcement that Nelson Mandela Bay had of the most exciting prospects for future investments in South Africa.
“It is largely an automotive economy with the potential to identify more and different sectors and explore for more investments.
“The municipality has a proactive incentive strategy to attract investment especially in the service sector,” said Whitfield.
According to him, part of the strategy is to acknowledge existing and long-term investors in the metro.
“And this is the purpose of identifying the top 50 companies. We want to acknowledge their contribution to the metro’s economy and ensure that they are constantly aware of the services offered by the municipality.
“The message to be conveyed is that Nelson Mandela Bay is a competitive and valuable investment destination.”
Executive Mayor Athol Trollip added that the 50 companies were chosen because of their ability to attract investments, create jobs and increase exports.
“Without economic growth we can not handle the challenge of job creation.
“We do not want to look at job creation as our only goal. Our main objective is to grow the economy to create opportunities for people to work so that they can be independent.”
This is the second time the 50 top companies are announced in the metro. The companies were chosen by a panel representing the municipality, the Eastern Cape Development Corporation, the Nelson Mandela Bay Business Chamber, the National African Federated Chamber of Commerce (Nafcoc) and the Eastern Cape Exporters Club.
Trollip said despite the national economic challenges, many of the local companies are still growing in a global competitive market.
“On the list there are 26 new companies and many existing companies. We want to ensure that we have a strategy to maintain them and that there should be competition among companies in the metro.
“Fortune 500 companies compete to be listed, but everyone does not stay there. Competition is what drives those companies to excellence. What we want to do in the metro is to pay tribute to those who are successful and we want to create competition by giving them recognition.”
According to him, the list was not classified according to a particular order, as each company delivers value and output in a unique and beneficial way.
“The criteria used to assess companies include top investors, long-standing (established) companies and top-level job creators.”
Trollip has made special mention of companies such as Algoa Bus Company, Coega Dairy, Continental, Aspen, Jendamark, Lear Corporation, Volkswagen, Sundays River Citrus Cooperative and BKB.
The award ceremony will take place at the Boardwalk Conference Centre on June 6, 2017.