Investing in South Africa
If you want to be serious about Africa, do your homework, Alec Erwin, South Africa's
former trade and industry minister, reportedly told a gathering of more than 100 top
chief executives, economists and political leaders from South Africa and Italy, gathered
in Cape Town to discuss investment opportunities.
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.
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