Coega nets another investor
The Coega Development Corporation has signed up its fifth investor, with parcel and freight company UTI Sun Couriers leasing a R20-million warehouse in the Eastern Cape industrial development zone.
IBM launches Africa Innovation Centre
Multinational computer technology and consulting company IBM has launched the Africa Innovation Centre in Johannesburg - the first of its kind on the continent - to drive IT skills development and address business challenges in the region.
Tata to increase Neotel stake
Tata Communications has announced its intention to acquire a further 30% interest in Neotel from state-owned Eskom and Transnet - leaving the Indian multinational with an effective 56% stake in South Africa's second landline operator.
Dubai eyes KZN property investment
Dubai-based Ruwaad Holdings is conducting a viability study into building an internationally branded entertainment theme park and residential, commercial and retail complex in the Macambini area on the KwaZulu-Natal north coast, at a cost of about US$2.5-billion (R19.6-billion).
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