Averda announces major new investment in its South African operations

 Since its arrival into the South African market in April 2015 with the acquisition of a majority stake in Wasteman Holdings, Averda’s operations in the region have gone from strength to strength. Spurred by a number of major new contract wins, including three year municipal waste collection contracts in the City of Cape Town and on-site waste management service contracts for major industrial players in the Cape and Gauteng regions, Averda’s Group Board have today announced a stronger drive towards investing in new innovative solutions and further diversification of its waste related business.   Building on Averda’s existing integrated waste management offerings, the new funding will substantially expand Averda’s waste-handling capacity and infrastructure, and signals the Board’s commitment and long-term investment in South Africa.