Investing in South Africa
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.
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.
More stories from this section...