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The Star
5 days ago
- Business
- The Star
How food packaging waste challenges South Africa's zero waste to landfill ambitions
Globally, 1.05 billion tonnes of food go to waste, and in South Africa, almost 10.3 million tonnes of food go to waste annually, says the writer. Image: Picture: Supplied Sustainability has become the watchword for South African corporates, as they grapple with both the public's demand for environmentally friendly products and the demands of Environmental, Social and Governance (ESG) reporting. However, this shift is now not only fostering collaboration between waste producers and managers to develop solutions that meet both environmental and regulatory expectations, but is also reshaping business practices for a more circular and responsible economy. And it's not hard to understand why. Globally, 1.05 billion tonnes of food go to waste, and in South Africa, almost 10.3 million tonnes of food go to waste annually, however, the packaging that accompanies this waste has exacerbated the strain on our waste management systems. As a result, to manage these numbers, companies are now examining business models that allow them to correctly move from the linear take-make-dispose model to a system that minimises waste, conserves energy and raw materials, and reintegrates excess back into the cycle – what has been termed the 'circular economy'. At Interwaste, this principle is brought to life through practical, scalable solutions such as composting, which allows for the organic fraction of packaging waste — often tied to food disposal— to be diverted from landfill and transformed into nutrient-rich compost that feeds agricultural soils. In parallel, our Refuse Derived Fuel (RDF) technology enables the conversion of non-recyclable packaging waste into a fuel substitute used in industrial applications such as cement kilns, offering a valuable landfill alternative and reducing dependency on fossil fuels. Additionally, given that in today's market, where consumer perceptions heavily influence brand value, demand is another key driver shaping packaging trends. In fact, according to research, consumers are willing to spend 9.7% more, on average, for sustainably produced or sourced goods, given that an astonishing 85% report experiencing first-hand the disruptive effects of climate change in their daily lives. It's no surprise then that companies are using this type of data to drive innovative, sustainable packaging designs — incorporating biodegradable, compostable, and recyclable materials, as well as reusable systems that support a zero-waste-to-landfill approach. However, if South Africa is to reach its zero waste to landfill goal by 2030, the reality is that 90% of waste from landfills must still be diverted correctly – and this means not merely just making use of recycling and reuse, by beneficiation technologies as well as, if we want to create value-adding opportunities which have the potential to create numerous environmental, social, and economic opportunities for South Africa. Simply put, achieving a zero-waste, sustainable country starts with better management of waste at its source, supported by innovative solutions, as well as an effective recycling system and a widespread culture of responsible consumption. And we need to start at a company level, where organisations examine their entire value chain to see how and where waste is created and therefore reduced, as well as where waste can be reused, recycled or repurposed. This approach, when applied correctly, will not only divert a large amount of our waste from landfill disposal, but it also has the potential to create numerous environmental and social opportunities for South Africans, including economic ones. While tackling food packaging waste requires navigating a complex web of environmental, economic, and social challenges, meaningful progress is within reach - if industry leaders, policymakers, and consumers unite behind bold, innovative action. Certainly, as a waste management company, Interwaste is not just a participant in this process but a key driver of the transition to a truly circular economy, leveraging technologies like RDF and composting to turn waste into opportunity. We remain committed to delivering sustainable solutions that make a lasting impact. Justin Bott, CEO at Interwaste
IOL News
6 days ago
- Business
- IOL News
How food packaging waste challenges South Africa's zero waste to landfill ambitions
Globally, 1.05 billion tonnes of food go to waste, and in South Africa, almost 10.3 million tonnes of food go to waste annually, says the writer. Image: Picture: Supplied Sustainability has become the watchword for South African corporates, as they grapple with both the public's demand for environmentally friendly products and the demands of Environmental, Social and Governance (ESG) reporting. However, this shift is now not only fostering collaboration between waste producers and managers to develop solutions that meet both environmental and regulatory expectations, but is also reshaping business practices for a more circular and responsible economy. And it's not hard to understand why. Globally, 1.05 billion tonnes of food go to waste, and in South Africa, almost 10.3 million tonnes of food go to waste annually, however, the packaging that accompanies this waste has exacerbated the strain on our waste management systems. As a result, to manage these numbers, companies are now examining business models that allow them to correctly move from the linear take-make-dispose model to a system that minimises waste, conserves energy and raw materials, and reintegrates excess back into the cycle – what has been termed the 'circular economy'. At Interwaste, this principle is brought to life through practical, scalable solutions such as composting, which allows for the organic fraction of packaging waste — often tied to food disposal— to be diverted from landfill and transformed into nutrient-rich compost that feeds agricultural soils. In parallel, our Refuse Derived Fuel (RDF) technology enables the conversion of non-recyclable packaging waste into a fuel substitute used in industrial applications such as cement kilns, offering a valuable landfill alternative and reducing dependency on fossil fuels. Additionally, given that in today's market, where consumer perceptions heavily influence brand value, demand is another key driver shaping packaging trends. In fact, according to research, consumers are willing to spend 9.7% more, on average, for sustainably produced or sourced goods, given that an astonishing 85% report experiencing first-hand the disruptive effects of climate change in their daily lives. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ It's no surprise then that companies are using this type of data to drive innovative, sustainable packaging designs — incorporating biodegradable, compostable, and recyclable materials, as well as reusable systems that support a zero-waste-to-landfill approach. However, if South Africa is to reach its zero waste to landfill goal by 2030, the reality is that 90% of waste from landfills must still be diverted correctly – and this means not merely just making use of recycling and reuse, by beneficiation technologies as well as, if we want to create value-adding opportunities which have the potential to create numerous environmental, social, and economic opportunities for South Africa. Simply put, achieving a zero-waste, sustainable country starts with better management of waste at its source, supported by innovative solutions, as well as an effective recycling system and a widespread culture of responsible consumption. And we need to start at a company level, where organisations examine their entire value chain to see how and where waste is created and therefore reduced, as well as where waste can be reused, recycled or repurposed. This approach, when applied correctly, will not only divert a large amount of our waste from landfill disposal, but it also has the potential to create numerous environmental and social opportunities for South Africans, including economic ones. While tackling food packaging waste requires navigating a complex web of environmental, economic, and social challenges, meaningful progress is within reach - if industry leaders, policymakers, and consumers unite behind bold, innovative action. Certainly, as a waste management company, Interwaste is not just a participant in this process but a key driver of the transition to a truly circular economy, leveraging technologies like RDF and composting to turn waste into opportunity. We remain committed to delivering sustainable solutions that make a lasting impact. Justin Bott, CEO at Interwaste
Time of India
29-05-2025
- Business
- Time of India
Nikita Papers IPO subscribed 1.4 times on Day 3. Check GMP, price band and key issue details
Nikita Papers' initial public offering was fully subscribed on the final day of bidding, with the overall subscription reaching 1.43 times as of 6:30 PM on Thursday, May 29. Non-institutional investors (NIIs) led the subscriptions, bidding 2.11 times their allocated quota. Retail investors followed with a subscription of 1.84 times, while qualified institutional buyers (QIBs) subscribed 74% of their share. The Rs 67.54 crore issue will close on May 29, and listing is expected on the NSE SME platform on June 3. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo GMP nil According to market sources, the grey market premium (GMP) for Nikita Papers was last seen at Rs 0, falling from Rs 5 on Wednesday. While a nil GMP suggests downbeat sentiment, analysts note that broader market support and strong final-day bidding could provide upside surprise during listing. IPO structure and key details The IPO is a complete fresh issue of 64.94 lakh equity shares, aiming to raise Rs 67.54 crore at the upper end of the Rs 95–104 price band. The lot size is fixed at 1,200 shares, requiring a minimum investment of Rs 1.25 lakh for retail participants. Live Events Anchor allocation took place on May 26, with the offer opening to other investors from May 27. Allotment is expected to be finalised by May 30. Use of proceeds Funds raised from the IPO will be deployed towards capital expenditure for setting up a renewable energy power plant based on biomass and Refuse Derived Fuel (RDF), working capital needs, and general corporate purposes. Business profile Founded in 2010, Nikita Papers is engaged in the manufacturing of Kraft paper, catering to industries aligned with eco-friendly and sustainable packaging. The company has built a strong presence in the market, underpinned by product quality, process efficiency, and an emphasis on environmental responsibility. The proposed investment in renewable energy aligns with the company's strategy of reducing reliance on conventional fuel sources and enhancing long-term operational sustainability. Financial snapshot In FY24, Nikita Papers reported revenue of Rs 338.60 crore, EBITDA of Rs 48.40 crore, and profit after tax (PAT) of Rs 16.60 crore. For the nine-month period ending December 2024, the company posted revenue of Rs 265.14 crore, EBITDA of Rs 43.80 crore, and PAT of Rs 15.68 crore—suggesting healthy year-on-year growth momentum. Intermediaries The IPO is managed by Fast Track Finsec Pvt Ltd, with Skyline Financial Services Pvt Ltd acting as the registrar. The equity share allocation includes 18.50 lakh shares for anchor investors, 12.33 lakh for QIBs, 9.25 lakh for NIIs, and 21.58 lakh for retail investors. A market maker portion of 3.26 lakh shares is also reserved. Also read: Scoda Tubes IPO subscribed 5.5 times on Day 2, GMP rises to 13%. Check details
Economic Times
29-05-2025
- Business
- Economic Times
Nikita Papers IPO subscribed 1.4 times on Day 3. Check GMP, price band and key issue details
GMP nil IPO structure and key details Live Events Use of proceeds Business profile Financial snapshot Intermediaries (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Nikita Papers' initial public offering was fully subscribed on the final day of bidding, with the overall subscription reaching 1.43 times as of 6:30 PM on Thursday, May investors (NIIs) led the subscriptions, bidding 2.11 times their allocated quota. Retail investors followed with a subscription of 1.84 times, while qualified institutional buyers (QIBs) subscribed 74% of their share. The Rs 67.54 crore issue will close on May 29, and listing is expected on the NSE SME platform on June to market sources, the grey market premium (GMP) for Nikita Papers was last seen at Rs 0, falling from Rs 5 on a nil GMP suggests downbeat sentiment, analysts note that broader market support and strong final-day bidding could provide upside surprise during IPO is a complete fresh issue of 64.94 lakh equity shares, aiming to raise Rs 67.54 crore at the upper end of the Rs 95–104 price band. The lot size is fixed at 1,200 shares, requiring a minimum investment of Rs 1.25 lakh for retail allocation took place on May 26, with the offer opening to other investors from May 27. Allotment is expected to be finalised by May raised from the IPO will be deployed towards capital expenditure for setting up a renewable energy power plant based on biomass and Refuse Derived Fuel (RDF), working capital needs, and general corporate in 2010, Nikita Papers is engaged in the manufacturing of Kraft paper, catering to industries aligned with eco-friendly and sustainable packaging. The company has built a strong presence in the market, underpinned by product quality, process efficiency, and an emphasis on environmental proposed investment in renewable energy aligns with the company's strategy of reducing reliance on conventional fuel sources and enhancing long-term operational FY24, Nikita Papers reported revenue of Rs 338.60 crore, EBITDA of Rs 48.40 crore, and profit after tax (PAT) of Rs 16.60 crore. For the nine-month period ending December 2024, the company posted revenue of Rs 265.14 crore, EBITDA of Rs 43.80 crore, and PAT of Rs 15.68 crore—suggesting healthy year-on-year growth IPO is managed by Fast Track Finsec Pvt Ltd, with Skyline Financial Services Pvt Ltd acting as the registrar. The equity share allocation includes 18.50 lakh shares for anchor investors, 12.33 lakh for QIBs, 9.25 lakh for NIIs, and 21.58 lakh for retail investors. A market maker portion of 3.26 lakh shares is also reserved.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Business Recorder
18-05-2025
- Business
- Business Recorder
HCSTSI, RDF organize two-day ‘Bachat Bazaar'
HYDERABAD: Under the directive of Hyderabad Chamber of Small Traders & Small Industry (HCSTSI) President, Muhammad Saleem Memon, HCSTSI in collaboration with the Regional Development Foundation (RDF), organized a two-day "Bachat Bazaar" at the Expo Centre, Hyderabad. The event was formally inaugurated by the Senior Vice President, Ahmed Idrees Chohan, Former Senator Aajiz Dhamrah and Faisal Jabbar Khan were also present at the occasion. While addressing the opening ceremony, Ahmed Idrees Chohan, appreciated RDF's Associate Director in Hyderabad Arshad Ali, Head of Programs Niaz Ahmed Siyal and especially Project Manager Aftab Soomro for their welfare initiatives. He remarked that in these times of high inflation, such discount bazaars are blessing for the public. He emphasized that providing essential commodities such as flour, lentils, sugar, rice, oil, vegetables, fruits, clothing and other household necessities at affordable prices is a practical step toward public relief. He appealed to the Sindh government to take permanent steps to support this noble cause by allocating a designated space in Hyderabad for a permanent discount bazaar to help citizens combat rising prices. The Chamber assured its full cooperation for all such initiatives. He further urged the public to take full advantage of the two-day event by purchasing quality goods at discounted rates. Former Senator Aajiz Dhamrah and Faisal Jabbar Khan, in a joint statement, expressed full support from the Sindh government for such public-friendly initiatives aimed at controlling inflation and providing relief to the common man. They also assured full cooperation with the business community and welfare organizations. Speaking on the occasion, RDF's Associate Director Arshad Ali and Project Manager Aftab Soomro shared that the bazaar featured stalls offering food items, vegetables, fruits, traditional cuisines, clothes and various household goods. They expressed immense satisfaction over the public's positive response, noting that the people of Hyderabad highly appreciate such markets. They also thanked all participating organizations for their support in setting up stalls. Sarwan Baloch, an expert in economic development and value chains from Welt Hunger Hilfe (WHH) a German-funded NGO also addressed the gathering. He stated that WHH is actively working on integrated projects focused on food security, employment and essential needs for underprivileged and vulnerable communities. He announced that 20 more discount bazaars would soon be organized across Sindh, including Hyderabad. Notable attendees included former MPA Nadeem Siddiqui, TDAP Hyderabad In-charge Salahuddin Abbasi, Chaudhry Muhammad Aslam, Suhail Qureshi, Asghar Khilji, Sanawwar Qureshi, Sikandar Ali Rajput, Ayub Shaikh, Idrees Memon, Ahmed Hussain Shaikh, Muhammad Yaseen Khilji, Irfan Arbiani, Kishor Kumar Bhatia, Irfan Memon and others. Copyright Business Recorder, 2025
