Investing in South Africa
A R9.65-billion private-public investment at Saldanha Bay, on South Africa's West Coast, aims at
improve the deep-water port's ability to service to offshort oil and gas industry, the Transnet
National Ports Authority announced on Monday.
Work has reportedly begun on the Chinese-financed R84-billion super city in
Modderfontein, east of Johannesburg. Shanghai Zendai plans to turn the 1 600-
hectare property into 'Africa's New York', developing a financial hub with 35 000
houses, an educational centre, medical centre and a sports stadium.
Incentives are to be offered to graded hotels across South Africa to redesign for
universal accessibility and energy efficiency, Tourism Minister Derek Hanekom said at
the opening of Cape Town's Park Inn Hotel, where a third of the staff are deaf.
The German institute is pouring R150-million into building and installing radio receivers
on the MeerKAT radio telescope. The project, it says, will grant its scientists access to a
world-class facility and its unique unrestricted view on our galaxy, and will boost
MeerKAT's scientific potential even further.
The Vehicles-Automotive Investment Scheme has been extended to include the makers
of medium and heavy commercial vehicles in a move aimed at growing and developing
the sector in South Africa.
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