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The German company's multimillion-rand solar inverter manufacturing plant would contribute to establishing South Africa as a hub for renewable energy and other green economy industries, the Department of Trade and Industry said.
The German government has signed five agreements committing 414.26-million (about R5.89-billion) to development projects in South Africa. This will bring Germany's total financial and technical aid to South Africa to about R14.4-billion since 1992.
BMW has no plans to leave South Africa, Trade and Industry Minister Rob Davies said on Thursday morning ahead of a scheduled meeting with the German car manufacturer later in the day.
Team MTN-Qhubeka has announced the contract extension of star German rider Gerald Ciolek. The team captain declared himself happy in the team's environment and has opted to stay with Africa's first UCI Professional Continental team through 2015.
Germany's Caroline Masson was remarkably composed on a brutal final day of the South African Women's Open golf tournament at Selborne in KwaZulu-Natal, claiming her maiden victory on the Ladies European Tour on Sunday.
One of Europe's largest development finance institutions, the German Investment Corporation, has acquired a 10% shareholding in South African agriculture supply chain company Farmsecure Holdings.
South Africa's Allied Technologies is to acquire SetOne, a German-based supplier of digital video broadcasting products and solutions, in an effort to expand its international footprint and entrench relationships with its international partners.
JSE-listed global ICT group Datatec is to acquire entrada Kommunikations, a German-based IT security products distributor and service provider, for an undisclosed sum.
Bafana Bafana's 2010 World Cup jersey has been unveiled. South African and German teams spent two years designing the jersey, which includes the South African flag on the front and an African art print on the collar.
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