Investing in South Africa
Sunbird Energy, an Australian listed energy company, has signed a 15-year gas sales term sheet
which will see it supplying gas to Eskom. South Africa's national energy utility plans to use gas
rather than costly diesel to power its generators.
IBM plans to expand its global research network into South Africa by establishing a research lab in
Tshimologong Precinct in Braamfontein. The lab will focus on advancing big data, cloud computing
and mobile technologies.
CCI Call Centres has opened a R200-million call centre in Umhlanga. The company now
has three facilities in South Africa, employing more than 4 000 people, from where it
services some of the UK's leading brands in the mobile, technology,
telecommunications and financial sectors.
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.
More stories from this section...