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October 29, 2009
Chevron Pours Millions Into Local Economy
POSSIBLY the most notable feature of Cape Town's skyline, with the exclusion of course of its fabled Table Mountain, is the Chevron refinery in Milnerton which, with an estimated replacement value of more than R9 billion in current terms, makes it the biggest industrial undertaking in the Cape.
Despite its relatively low employment figures (it has a permanent staff complement of around 330 people) the operation has a huge impact on the local economy. Consider this: last year it had an operational spend of an estimated R1 billion, with some 75% of its procurement expenditure going to companies in the Western Cape.
Posted by StaffWriter at October 29, 2009 10:27 AM