Making recycling accessible, inclusive and rewarding
Regenize provides a freemium recycling service. In lower-income communities, the service is free to residents and in middle-upper communities, residents, business and apartment blocks pay them a monthly fee to collect their recyclables.
They provide informal waste collectors with decentralised community-based recycling hubs for them to operate, PPE, recycling tricycles and access to clean recyclables. Once collected and sorted, Regenize purchase the recycled materials and sells them in bulk to waste processors. There are two future revenue streams; marketing on tricycles as they expand and selling fair or ethically traded recyclable material.
SAB Foundation offers mentorship to the business. Regenize won the 2019 SAB Foundation Social Innovation Awards and received an investment of R1.3m.
GreenCape provides them with marketing assistance, business plan development, finance facilitation and business mentorship.
The SEED Low Carbon Awards 2021 in Ghana, India, Indonesia, South Africa, Thailand and Uganda are sponsored by the International Climate Initiative (IKI) of the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU).