Retail sector investment in Port Elizabeth looks set to continue unabated after the recent announcement of the development of yet another retail trade centre in the city at a cost of some R50-million.

Twin tasks arise out of the takeover of Pechiney by Canada's Alcan group, which is now calling the shots THE planned $1,2bn aluminium smelter project at Coega in Eastern Cape will have to pass two major hurdles if it is to be saved, it emerged at the weekend.

Power parastatal Eskom said yesterday that it intended to take a 12,5% stake in the planned aluminium smelter to be built at Coega by French company Pechiney.