Investing in South Africa
South Africa's Department of Energy is to increase the amount of energy it will be procuring under the third window of its renewable energy programme for independent producers, adding further to the 3 900 MW of wind and solar power that is already set to be added to the country's energy mix.
BNP Paribas Personal Finance, a subsidiary of French bank BNP Paribas, is set to enter the southern African consumer finance market with the acquisition of RCS, a South African specialist in retail credit card programmes, for approximately R2.65-billion ($255-million).
The Department of Trade and Industry has published revised incentives for
manufacturers that aim to offer better support to small- and medium-size
enterprises, a spokesman said last week. Changes include lowering the caps on
incentives for capital investments, green technology and improved resource
Managing perceptions of South Africa is essential to increasing global competitiveness and attracting foreign investment, speakers said this week at an international perceptions seminar hosted by Brand South Africa.
US hotel group Marriott International said on Tuesday that it would continue its expansion into African markets as it completed its R2.02-billion (approximately $200-million) acquisition of South Africa's Protea Hospitality Holdings.
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