The Institute of Race Relations (IRR) has completed a new study on the benefits of the circular economy in South Africa. Findings show that major economic and environmental benefits can be gained from turning “waste into worth” – using the Recycling and Economic Development Initiative of South Africa (Redisa) as a case study as to how this has already successfully been realised.
The report findings are timely as the jobless crisis is particularly acute among young people aged 15 to 25, where the unemployment rate exceeds 50%. This is worse than that experienced in many other emerging markets; South Africa is home to 0.7% of the world’s young people but alarmingly has almost 2% of the world’s unemployed youth. How it’s done Should South Africa do more to “monetise” the waste products currently being deposited in landfills and other dumps, this would create local jobs and support the emergence of local entrepreneurs, while cleaning up the environment. The Circular Economies – Turning waste into worth report provides a fact-base to inform the choices that need to be made going forward, it presents for the first time, a vision of how the circular economy could overcome the unemployment crisis in the country.What is the circular economy?
The circular economy means balancing economic growth, infrastructure development and creating small business and job opportunities – while lowering our emissions and overall impact on the environment. Environmental degradation and resource depletion threaten the sustainability of economic growth in the developed world, and build enormous pressures in the developing world as it strives to match the West’s prodigal lifestyle. Both issues can be addressed by the circular economy if the generation of waste is reduced, resources are reused and recycled, and recycling initiatives are made economically attractive. According to Redisa’s, CEO Hermann Erdmann, “On a planet of finite resources, the circular economy is not optional, it is inevitable. In under three years we have developed a circular economy within the tyre industry in South Africa and have seen tangible results: over 2 600 new jobs, and over 200 SMMEs developed and supported. The implementation of circular economies will lead to unprecedented opportunities, the creation of reverse logistics networks, new processes and new industries using the recovered resources.”
