Investing in South Africa
Seven companies with committed investments totalling over R3-billion have projects under construction at the Coega industrial development zone in the Eastern Cape, providing contruction-related jobs to over 1 800 residents of Nelson Mandela Bay.
South Korean electronics and technology giant Samsung is set to invest $20-million (nearly R220-million) in a new television factory at the Dube TradePort in South Africa's KwaZulu-Natal province, in order to take advantage of rising demand for consumer goods in Africa.
French multinational Total has begun drilling for South Africa's first deep-water well, south of Mossel Bay, giving fresh impetus to the country's nascent oil and gas industry at a time when the eyes of investors in the sector are shifting further down Africa's coastline.
Construction company Murray & Roberts has become one of the first beneficiaries of diamond giant De Beers' R20-billion expansion of its Venetia mine in South Africa, winning a R2.6-billion contract to develop the shafts, tunnels and associated infrastructure for the new underground operation.
The 138 MW Jeffrey's Bay wind farm, one of Africa's largest, has been officially inaugurated. Comprising sixty 80-metre high turbines spread over 3 700 hectares in South Africa's Eastern Cape province, the facility will supply enough renewable electricity to power more than 100 000 homes a year.
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