Samsung South Africa launches R280 million EEIP Programme

Samsung South Africa has launched a R280 million Equity Equivalent Investment Programme (EEIP) in which Mintek will be a collaborative partner in the research and development of a process for extracting valuable metals from computer printed circuit boards.

EEIP is an initiative of the Department of Trade and Industry (DTI), where multinational companies that are unable to sell equity in South Africa are invited to participate and contribute positively towards B-BBEE and development of South Africa. The programme is projected to have an impact on job creation and boost the economy at large.

As experts in hydrometallurgy, Mintek has over the past four years been involved in the development of processes for the recovery of valuable metals such as copper and gold from printed circuit boards.

Mintek’s Biotechnology Division’s Manager, Mariekie Gericke said,“The Biotechnology and Hydrometallurgy Divisions will be involved in the project, with the aim to provide design parameters for the design of a fit for purpose beneficiation plant, which will be built and maintained by local engineers.”

The approved Samsung SA’s EEIP has an integrated approach, which means that Samsung will be an integral partner in the creation of the first and only black-owned and operated e-waste beneficiation plant in Africa that can separate Waste Electronic and Electrical Equipment (WEEE).  The company has also opted for a strategic partnership-aligned model to achieve greater impact. In this regard Samsung has partnered with government departments and entities.

The University of the Western Cape (UWC) has been selected as anchor partner for the development of black application development skills. Additionally, a partnership with Microsoft AppFactory will provide real experience to supplement the theoretical knowledge gained by beneficiaries at UWC.  Mintek will be Samsung’s technology partner for e-waste beneficiation.

The Samsung SA EEIP will make a measurable difference to socio-economic development of black South Africans. The alignment with the overarching objectives of the NDP Vision for 2030, B-BBEE policy, Industrial Policy Action Plan, as well as the Gauteng Township Economy Revitalisation Strategy is set to make a difference by; strengthening government’s Black Industrialisation Programme, driving a culture of innovation through digital solutions, enhancing entrepreneurship development, job creation and township economic development and technical skills development to contribute to much needed skills in the country and raise the prospects of employability.