IDC (Industrial Development Corporation) invests in a foreign business manufacturing substitute cheese.

In an article, it is announced that the IDC has invested in a company based in KZN that is to produce anolog cheese products in South Africa. The owner, a British citizen fresh from the United States. He stated that the company employs 20 people and hopes to increase that to 90 by the end of the year.

I wonder if the IDC understands how many jobs this will cost the dairy industry, resulting in a nett job reduction, and this for a substitute cheese, to replace the existing true cheese suppliers.

Reporter Wendy Knowler had a very interesting report on the effects on the fast food industry, namely Pizza Markets.

https://www.capetalk.co.za/articles/306653/fake-cheese-on-the-menu-wendy-knowler-talks-dairy-product-dupes?fbclid=IwAR3LUoifa5CuERYh7jPsMw-t5tfmKMBmrziQRb6bjSXUJXBk_ofTQpG0Jks

Is the IDC and the Government not supposed to be assisting local business instead of investing in foreign products that will eventual diminish the local market?

In an article, it is announced that the IDC has invested in a company based in KZN that is to produce anolog cheese products in South Africa. The owner, a British citizen fresh from the United States. He stated that the company employs 20 people and hopes to increase that to 90 by the end of the year.

I wonder if the IDC understands how many jobs this will cost the dairy industry, resulting in a nett job reduction, and this for a substitute cheese, to replace the existing true cheese suppliers.

Reporter Wendy Knowler had a very interesting report on the effects on the fast food industry, namely Pizza Markets.

https://www.capetalk.co.za/articles/306653/fake-cheese-on-the-menu-wendy-knowler-talks-dairy-product-dupes?fbclid=IwAR3LUoifa5CuERYh7jPsMw-t5tfmKMBmrziQRb6bjSXUJXBk_ofTQpG0Jks

Is the IDC and the Government not supposed to be assisting local business instead of investing in foreign products that will eventual diminish the local market?

https://www.idc.co.za/2016/09/05/ethekwini-cheese-aiming-to-set-a-new-benchmark-in-sa/

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