The implementation of the Memorandum of Understanding (MoU) signed between the Department of Trade, Industry and Competition (the dtic) and the International Finance Corporation (IFC) will prioritise key red tape challenges affecting both domestic and foreign investors. This was said by the Acting Director-General of the Department of Trade, Industry and Competition (the dtic), Mr. Shabeer Khan during the signing of phase two of the Investment Climate Reform Programme (ICRP) Memorandum of Understanding (MoU), which took place in Pretoria today. Phase 1 focuses on Business Regulatory Reform; C ..read more

Moove, a mobility financial technology (fintech) company, has rolled out a R284 million investment, which it pledged at the fifth South African Investment Conference that was hosted by President Cyril Ramaphosa in April 2023. As an impact driven fintech, Moove exists to provide financial services to those who are unbanked or underserved by traditional lenders, so they can obtain revenue-based financing and access a path to asset ownership and financial stability. It does this by embedding its alternative credit scoring technology onto ride-hailing, logistics, mass transit, and instant deliver ..read more

The Deputy Minister of Trade, Industry and Competition, Ms Nomalungelo Gina says the R4.5 billion investment by Nyanza Light Metals and East China Engineering Science and Technology represents an opportunity that South Africa and native Africans can change the resource curse that Africa has been known for, which is being the net exporter of raw materials from gold, diamond, platinum, iron ore and many miners endowment, including titanium. Gina was speaking at the Joint Venture signing ceremony held yesterday between the East China Engineering Science and Technology and OM Contract for Nyanza ..read more

Dear Fellow South African,  Last week we held our fourth South Africa Investment Conference as part of our ambitious drive to raise R1.2 trillion in new investment over five years.  The value of the investment commitments made at the conference was R332 billion, bringing the total value of commitments to date to R1.14 trillion. With just one year to go, we have now reached 95% of the target we set in 2018.   The Investment Conference was significant for several reasons. Firstly, this was an impressive amount of investment commitments in the midst of a pandemic that has d ..read more

The R1 billion investment by the Chariot Transitional Power in Rustenburg, North West, is set to generate up to 40 MW of photovoltaic power to supply electricity to the Tharisa Minerals platinum group metals and chrome mine. The Buffelspoort Solar Energy project was initiated within the context of the current energy challenges and load shedding, with Tharisa embarking on a journey to improve the stability of its electricity supply by diversifying away from the state utility. The investment pledge was made at the fifth South African Investment Conference that was hosted by President Cyril Rama ..read more

BT Industrial Group, a renowned multi-award-winning manufacturing company based in Benoni, Ekurhuleni, is set to make a substantial impact on the local economy. The company is about to create 600 new jobs, thanks to their R523 million investment pledge made at the fifth South African Investment Conference, presided over by President Cyril Ramaphosa in Johannesburg in April this year. The total value of investment pledges over a five-year mobilisation period reached R1.51 trillion, surpassing the initial R1.2 trillion target set by President Ramaphosa, thanks to the commitment of companies suc ..read more

Moove, a mobility financial technology (fintech) company, has rolled out a R284 million investment, which it pledged at the fifth South African Investment Conference that was hosted by President Cyril Ramaphosa in April 2023.  As an impact driven fintech, Moove exists to provide financial services to those who are unbanked or underserved by traditional lenders, so they can obtain revenue-based financing and access a path to asset ownership and financial stability. It does this by embedding its alternative credit scoring technology onto ride-hailing, logistics, mass transit, and instant d ..read more

The R100 million investment pledged by Siyaka in the packaging industry is set to enable a significant portion of imports to be produced locally, create more jobs and raise standards of living. The investment was announced as one of the pledges worth billions of rands that were made at the fifth South African Investment Conference held in Johannesburg in April this year. Siyaka specialises in printing high quality flexographic and gravure packaging for the Fast-Moving Consumer Goods (FMCG) Market. Being in the industry since 2000, Siyaka is an established brand with both suppliers and power-b ..read more

With the R650 million investment Hammarsdale is set to have an immediate and ongoing positive impact on the economy of KwaZulu-Natal and South Africa at large by contributing to GDP growth, supporting skills-development and generation of additional tax revenue. Impact on the South African economy The project is recognised as a key strategic investment, not only in the region of Kwa-Zulu Natal but also within South Africa’s food manufacturing industry, and has been included as part of the South African Presidential investment drive to stimulate sustainable, equitable and inclusive growth as ..read more