CAPE TOWN - The South African Clothing and Textile Workers Union (Sactwu) on Monday, came out in strong support of Sagarmatha Technologies (ST), saying its investment in the media and e-commerce venture would benefit workers greatly as SA fashion would be showcased locally and beyond the country's borders.
Sagarmatha would become Africa's first multi-sided platform (MSP) company.
Sactwu said its investment in Sagarmatha Technologies would mean bursaries for its members and would include a range of other benefits -- one of the most important being promoting locally made garments.
"In the future, we envisage a much bigger market via Sagarmatha's eCommerce and content platforms, in taking South African produced fashion to not only local citizens, but making them available to customers beyond our borders. We believe this is a win-win scenario," Sactwu said.
"South African clothing and textile sector has taken a beating in the last few years, so investing into Sagarmatha Technologies means we are participating in the new economy -- digital -- which will be more inclusive and sustainable."