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A R9.65-billion private-public investment at Saldanha Bay, on South Africa's West Coast, aims at improve the deep-water port's ability to service to offshort oil and gas industry, the Transnet National Ports Authority announced on Monday.
President Jacob Zuma will launch a new industrial development zone at Saldanha Bay on South Africa's south-western coast on 31 October. A feasibility study expects the IDZ to attract around R9.3-billion in foreign direct investment over the next 25 years.
A group of volunteers have cleaned up the rocky shore from Kalk Bay to Muizenberg, making the shoreline a cleaner place for residents, as well as fauna that call that area home.
German-based industrial giant MAN Ferrostaal has unveiled plans to establish two offshore oil and gas fabrication and refurbishment facilities, together worth R1.7-billion, at the ports of Saldanha Bay and Cape Town.