Investigating the economic relationship between buy-back centres and plastic waste recycling entrepreneurs
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Date
2022
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
University of the Western Cape
Abstract
Persistently high unemployment level and rate remains as one of South Africa‟s most serious
social and economic problems. Over the years, entrepreneurship has been identified as one of
the main vehicles to create jobs and alleviate poverty. South Africa is one of the finest plastic
recyclers in the world with almost 50% of plastics used as inputs come from recycled plastics
(Plastics SA, 2019). This presents an opportunity: Buy-back centres (BBCs) in the waste
management industry have proven to be economically feasible with many of these centres
employing people and profiting from selling recyclable materials to recyclers. Focusing on
the Western Cape, in 2019, the province generated about 150 000 tonnes of plastics with the
market value estimated at between R474 and R632 million per year.
Description
Masters of Commerce
Keywords
Recycling, Entrepreneurship, Economic growth, Unemployment, South Africa