Investing in South Africa
In a first for the continent, Facebook has opened an office in Johannesburg. The social
networking platform is already a central part of people's lives in Africa, it says. And with more
than a billion people in Africa, "we want to do more to help people and businesses connect".
The 94 megawatt wind farm north of Cape Town, West Coast One, is up and running. Costing
R2.2-billion, it will offset an estimated 5.6 million tons of carbon dioxide over the next 20 years.
The project is a partnership between Engie, Investec and Kagiso Tiso Holdings.
Two wind farms, with a generating capacity of 250 megawatts and representing an investment of
R5.9-billion, will be built by the Irish company, Mainstream Renewable Power. The wind farms
are in the Nama Khoi municipality in Northern Cape and in the Cape Winelands district.
Sunbird Energy, an Australian listed energy company, has signed a 15-year gas sales term sheet
which will see it supplying gas to Eskom. South Africa's national energy utility plans to use gas
rather than costly diesel to power its generators.
IBM plans to expand its global research network into South Africa by establishing a research lab in
Tshimologong Precinct in Braamfontein. The lab will focus on advancing big data, cloud computing
and mobile technologies.
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