As ever, it has been a week of stark contrasts in SA. On the one hand, President Cyril Ramaphosa has been basking in pledges of R363bn in new fixed investment; on the other, SA’s industrial base continues to bleed. How can these two stories be reconciled?
In Durban, a beaming Ramaphosa opened Mara’s new R1.5m hi-tech cellphone manufacturing facility and, in Tshwane, a new automotive special economic zone in partnership with Ford, where nine car manufacturing companies will open factories, scoring R3.6bn in new investment and the creation of 6,700 direct jobs. In addition, Isuzu Motors in Port Elizabeth has committed to investing R1.2bn to run its next-generation bakkie programme out of SA.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: IOL - 🏆 46. / 51 Read more »
Source: eNCA - 🏆 49. / 51 Read more »
Source: IOL - 🏆 46. / 51 Read more »
Source: ewnupdates - 🏆 30. / 53 Read more »
Source: eNCA - 🏆 49. / 51 Read more »
Be careful: when you buy online you’re on very shaky legal groundFREE TO READ | The law hasn’t yet decided on the nature of ads on social media. This has serious implications for consumers.
Source: SundayTimesZA - 🏆 47. / 51 Read more »