Essar Group will restart New Zim Steels operations from next month after the Zimbabwe government agreed to stick to the terms of an initial deal signed between the two parties in 2011
Manufacturing
Vehicle sales in South Africa register 9.2 per cent increase in 2012
Vehicle sales in South Africa has shown a 9.2 per cent increase by the end of 2012 as compared to 2011, according to the country’s National Association of Automobile Manufacturers (Naamsa)
Standard Chartered and Ashmore invest in Nigerian aluminium can firm
Standard Chartered Private Equity and UK-based investment manager Ashmore have announced that they have invested in Nigerian aluminium can manufacturer GZI
Unilever to build a US$90 million factory in South Africa
Unilever has revealed plans to build a US$90mn factory at Boksburg in South Africa
PPC to set up plant in Zimbabwe
South African cement maker PPC has revealed plans to build a cement factory in Zimbabwe in an attempt to boost the proportion of sales from outside its home market to at least 40 per cent by 2016