Coca-Cola invests to protect SA’s watersheds

JOHANNESBURG – The Coca-Cola Foundation said on Monday it was investing US$1.275 million to replenish up to 2,800 million litres back into nature to address security in the country’s key watersheds. The foundation is the global philanthropic arm of the Coca-Cola Company and has since its inception in 1984 awarded more than $900 million in grants to support sustainable community initiatives around the world. Through the Replenish Africa Initiative (RAIN), the foundation is investing in five projects to remove invasive alien plants from main water catchment areas that feed major…

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Rio Tinto approves R6.5bn investment into Richards Bay Minerals

KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Sihle Zikalala has welcomed the R6.5 billion planned investment into Richards Bay Minerals (RBM). Rio Tinto, an international holding company for RBM, has approved the next stage in the development of RBM in South Africa, which will involve the construction of the Zulti South project that will sustain current capacity and also extend mine life. Zikalala said it was encouraging that more and more business organisations such as RBM continue to express their commitment to the growth of the provincial economy. “The…

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Nissan to build Navara in SA as part of R3bn investment

Pretoria – Nissan South Africa has announced a R3 billion investment in its Rosslyn plant in Gauteng, which will see it produce the Navara bakkie for the first time ever. Navara production will commence from 2020 on an upgraded, and more flexible, production line that will see it built alongside the existing older-generation NP300 and the unibody NP200 compact bakkie. The Navara is currently sold in South Africa as a limited range of imported double cab models, but Nissan SA said that it would produce a “full” line-up of Navara…

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Land reform not driving farm sales

Farms that are being put on the market in South Africa have more to do with financial challenges and the impact of droughts, rather than fear around land expropriation without compensation. That’s the view of agricultural economist Johann Bornman, who says statistics show a decline in the number of farm properties sold in the country last year. New mortgages granted for farms have also declined. Other agricultural economists shared similar views when questioned by Moneyweb this week on farm sales trends. Bornman, founder of Agri Development Solutions, says the number…

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How Coega is boosting the local economy

By Nosihle Shelembe Located in the Nelson Mandela Bay Metropolitan Municipality, the Coega Industrial Development Zone (Coega IDZ) is a world class infrastructure which provides the integration of services and industries with the rest of the African Continent and the World. The Coega IDZ is one of several efforts by government to create economic development and growth opportunities for the people of the Eastern Cape. Developed and managed by the Coega Development Corporation (CDC), the Coega IDZ aims to drive local and foreign direct investments in export-oriented industries, positioning South…

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