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With pots of up to R5-million each to invest in entrepreneurs, the Awethu Project looks to be a high impact partner through a negotiated equity stake. This way, the venture capital fund has the same incentive as the business owners to grow their businesses. It also shares the rewards.
With its R700-million, 10-year equity equivalent investment programme, IMB South Africa will work with the Department of Trade and Industry to build a research hub at Wits University, as well as foster enterprise development and grow deep skills in the country.
Mpumalanga is making progress in the rehabilitation of the coal haulage network, which will mitigate the degradation of roads, says the premier. Construction of the Majuba railway is progressing well and the Moloto rail corridor development programme has been approved.
The Western Cape Education Department is pouring R1.2-billion into e-learning in the province. The project will include linking of schools through a high-speed, real-time wide area network, as well as the provision of local area networks in schools.
IBM plans to expand its global research network into South Africa by establishing a research lab in Tshimologong Precinct in Braamfontein. The lab will focus on advancing big data, cloud computing and mobile technologies.
The German institute is pouring R150-million into building and installing radio receivers on the MeerKAT radio telescope. The project, it says, will grant its scientists access to a world-class facility and its unique unrestricted view on our galaxy, and will boost MeerKAT's scientific potential even further.
Norway has pledged to encourage the private sector to invest in renewable energy projects in sub-Saharan Africa, and has promised 300-million krone to Green Power Africa. The fund will offer long-term loans for private investments in the lowest-income groups of countries in Africa.
Expanding its footprint across Africa, Pick n Pay Group is now testing West African waters, with feelers out on operations in Ghana and Nigeria. The group already has several successful operations in Botswana, Lesotho, Namibia and Swaziland.
Drawing on the recent surge in the performance of the African economy, the South African government-owned Public Investment Corporation is planning to invest billions on the rest of the continent.
Yangzhou-based Perfect China has made the Asian country's first investment in South Africa's wine industry, acquiring the Val de Vie estate in the Western Cape in a deal expected to boost exports of South African wine to the Far East.
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