NELSON Mandela Bay is one of the most expensive cities in the world in which to do business, Continental Tyre SA managing director Dieter Horni said this week.
Horni also slated government for its bureaucratic red tape and inefficiency, saying it had stalled projects that had the potential to create jobs.
Horni, whose company employs 1700 people in the city, said it had been waiting for 18 months for a rezoning application to build a store in Walmer, Port Elizabeth.
This, together with rising electricity, labour and other utility costs – double those of similar size plants in other developing countries – made it near impossible to compete globally.
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