Mpact shows the benefits of believing in rubbish

Business

Mpact shows the benefits of believing in rubbish

Share price has fallen to attractive levels given the prospects for the recycling and packaging company

Sekgabo Molelekoa

Recycling is an industry of the future. Various industries are finding innovative ways to produce new products from waste materials. Adidas expects to make 11 million pairs of shoes in 2019 with recycled ocean plastic – more than double the number of pairs it made this way in 2018. So far, they have intercepted 2,810 tons of plastic from reaching our oceans.

SA plastic recycling company Petco says recycling polyethylene terephthalate (PET) bottles created about 68,000 income opportunities in 2018. To date, recycling PET bottles has saved more than 4.3 million cubic metres of landfill.

Glass recycling also plays a pivotal role in the economy. The Glass Recycling Company says 42% of glass is recycled and about 80% of glass is diverted from landfill through recycling...

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