He's back. Luxury hotel and casino magnate Sol Kerzner, one of South Africa's wealthiest entrepreneurs, has come home in typical style - with the announcement of one of the most expensive hotel developments Africa has ever seen.
Despite the stagnation of global markets, total investment in South Africa grew by more than 8% in the first half of 2003, while private investment expanded by 7%, with net private capital flows expected to top the US$110-billion mark for 2003 - the highest level since the mid-1990s.
South Africa - an oil producing country? The opening of the Sable oil field, 150km southwest of Mossel Bay, has effectively tripled SA's oil production. Added to Sasol's coal-to-petroleum contribution, 45 000 barrels a day from Mossgas and 15 000 from PetroSA's two existing oilfields, it means that South Africa now produces roughly half of its petroleum needs.
As companies worldwide respond to increasing cost and efficiency pressures, South Africa is well placed to become a favoured international location for outsourced call centres and business process outsourcing.
The Bandwidth Barn in Cape Town, an incubator for information and communications technology start-ups in the Western Cape, is home to a growing number of international companies, with tenants from countries as far afield as the US, UK, Australia, Scandinavia and the Netherlands.
Blue IQ, a multi-billion rand initiative by the Gauteng provincial government to invest in economic infrastructure development in targeted mega-projects, could create over 100 000 jobs and generate in the region of R100-billion worth of investment over the next 10 years.