Investing in South Africa
The Coega Development Corporation has announced plans to develop a R2-billion aqua-farming facility on 300 hectares of land at the Coega industrial development zone outside Port Elizabeth in the Eastern Cape.
New York Stock Exchange-listed Chinese company Jinko Solar, the fourth-largest solar PV manufacturer in the world, unveiled an R80-million solar photovoltaic module manufacturing plant in Cape Town on Tuesday. The factory is the company's first outside of China.
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.
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