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City-supported initiatives show value of circular economy in Cape Town<span><p>The first engagement was at the Centre for Regenerative Design & Collaboration (CRDC) South Africa plant in Blackheath, the first of its kind in Africa and only the third in the world, where they create an eco-aggregate called RESIN8, which is the end product of unrecyclable plastic that has been converted into concrete products. GreenCape, the City's Special Purpose Vehicle (SPV) in the green economy, connects CRDC through the Western Cape Industrial Symbiosis Programme (WISP) with companies looking for an economically-viable alternative for waste. The City funds the WISP initiative.</p><p>'Under WISP, participating businesses cut costs, improve processes, and create new revenue streams and job opportunities, all while positively impacting the environment,' said Alderman Vos. <br></p> <figure class="subtopic-fullsize-img"> <img src="" class="responsive" alt="" style="width:946px;" /> </figure></span><span><p>It was then onto Taking Care of Business (TCB), a non-profit social enterprise empowering unemployed South Africans through small business opportunities, primarily within the circular economy. Working with the top 16 retailers in South Africa, the organisation collects about two million clothing and textile items which are then resold by the TCB-affiliated micro-entrepreneurs. The sale of these items generates approximately R120 million per year for the micro-entrepreneurs. GreenCape facilitates this through WISP and Waste Sector Desk, connecting organisations like TCB with investment opportunities and collaborations to expand their operations and increase their impact. </p><p> </p><p>The final visit was to BSF Breeding, a supplier of high-quality live neonates (baby larvae) locally and internationally to Black Soldier Fly farmers for the production of insect-protein products. With the industry's rapid growth, the company is undergoing an impressive expansion and is set to triple its size from 15 staff to 60 over the next year. The global insect-protein market is projected to grow from $189,32 million in 2022 to $856,08 million by 2029. According to GreenCape research, BSF farming alone has the potential to convert 275 000 tonnes of Cape Town's food related waste per year into R500 million – R2,2 billion worth of products and support about 500 direct jobs.</p><p> </p> <figure class="subtopic-fullsize-img"> <img src="" class="responsive" alt="" style="width:1202px;" /> </figure></span><span><p>'The City is keenly aware of the economic and environmental value of the circular economy wherein products are reused or recycled instead of filling up landfills. This is a sector that, according to GreenCape's 2022 Waste Market Intelligence Report, has the potential to add up to R5 billion in value to Cape Town's economy each year. Through our support of and work with bodies such as GreenCape, the City can help to maximise synergies between companies and across sectors, to not only drive many more jobs and investments for Capetonians, but also to help us realise a cleaner and greener Cape Town for all,' said Alderman Vos. </p> <figure class="subtopic-fullsize-img"> <img src="" class="responsive" alt="" style="width:1069px;" /> </figure><strong>​​End</strong></span><p><br></p>2024-02-15T22:00:00ZGP0|#1d539e44-7c8c-4646-887d-386dc1d95d70;L0|#01d539e44-7c8c-4646-887d-386dc1d95d70|City news;GTSet|#62efe227-07aa-45e7-944c-ceebacca891dGP0|#64c841a7-5f38-4ecd-80cb-28f67ce669ab;L0|#064c841a7-5f38-4ecd-80cb-28f67ce669ab|trade;GTSet|#2e3de6c1-9951-4747-8f53-470629a399bb;GP0|#7eef497d-25f7-422e-98b1-aa9bc9de6515;L0|#07eef497d-25f7-422e-98b1-aa9bc9de6515|Business10

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