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One of the United Kingdom's fastest growing insurance companies, the Budget Group, has announced that it will invest R100-million to set up a call centre in Cape Town.
In one of the largest foreign transactions in South Africa's tourism industry, Kuwati-based IFA Hotels & Resorts and local company Moreland Developments have announced a US$100-million investment over the next decade in the Zimbali resort on the KwaZulu-Natal north coast.
The Greater St Lucia Wetland Park, the jewel of South Africa's north-eastern coastline, is set for over R400-million in development which will create thousands of jobs and make the World Heritage Site one of the country's premier eco-tourism destinations.
An Australian report into trade and investment opportunities in sub-Saharan Africa has given the region a strong vote of confidence. South Africa and Botswana, in particular, are seen as providing the greatest opportunities for investment.
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.
The department of trade and industry, with funding from the World Bank, has established the Black Business Supplier Development Programme, aimed at fast-tracking small and medium black-owned enterprises with potential for growth into the mainstream of the economy.
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.
Cape Town-based Roth Medical Components was named Africa's top small business at the first Africa SMME Awards function in Johannesburg.
Oil exploration group Energy Africa and furniture manufacturer Steinhoff International have been named joint winners of the 2003 SA Top Companies Global Awards. There were 41 entrants for this year's awards, reflecting the "transnationality" of South Africa's listed companies.