Small businesses in the tourism sector have the option of accessing a new R50m loan facility through the Tourism Enterprise Partnership.

The South African economy needs to undergo a significant structural change if it is to create jobs and employment, Trade and Industry Minister Dr Rob Davies said on Monday.

Foreign companies that are based in South Africa and that are keen on investing in countries outside of Africa – including in Bric (Brazil, Russia, India and China) members, will be able to benefit from relaxed cross-border financial regulations and tax requirements, the Minister of Finance announced.

The main motive behind the establishment of the Industrial Development Zones (IDZs) in 2000 was to use the deep-water ports, former Trade and Industry Minister Alec Erwin has said

Alcan is taking its time to decide whether to proceed with the $2,5-billion Coega aluminum smelter project in South Africa, the Canadian company's chief executive said yesterday.

Thursday, 14 July 2005 02:00

Coega aluminium smelter to go ahead - IDC

South Africa's State-owned Industrial Development Corporation (IDC) said yesterday that it would take a 15% stake in the planned 660 000-t aluminium smelter at Coega, in the Eastern Cape.

Thursday, 14 July 2005 02:00

IDC upbeat on Alcan smelter at Coega

 

CANADIAN aluminium and packaging group Alcan will make its decision on whether to go ahead with building a $2,5bn smelter at the Coega industrial development zone in Eastern Cape in October, said Industrial Development Corporation (IDC) CEO Geoffrey Qhena yesterday.

Monday, 11 July 2005 02:00

Investor glitch dents Coega confidence

EMPOWERMENT company ICAN has not applied for the funding of a stake it said it would take in a Coega textiles project, despite saying in May that it was weeks away from securing it.

Wednesday, 25 May 2005 02:00

Coega stainless steel plant in pipeline

A NEW plan is being drawn up to site a stainless steel plant at Coega in Eastern Cape, with discussions under way to find an anchor investor for the $5bn project.

IDC will invest in the planned aluminium smelter at the Coega industrial development zone and the Sishen and Sishen South iron-ore projects.

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