Investing in South Africa

South Africa to procure still more renewable energy

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.

Jeffreys Bay Wind Farm

French bank enters SA consumer finance market

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).

DTI revises manufacturing incentives

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 efficiency.

Global perceptions 'key to competitiveness, investment'

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.

Marriott targets Africa following Protea acquisition

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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