Ramaphosa to attend launch of two multi-billion rand investments in KZN - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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President Cyril Ramaphosa is on Tuesday expected to attend the launch of two multi-billion rand investments in KwaZulu-Natal, which were pledged during investment summits.

The first is the launch of a new automotive component plant at KwaDukuza north of Durban, while the other entails a R 7.7 billion expansion of the Sappi Saicor paper mill at Umkomaas on the South Coast.

Sappi first announced its upgrade and expansion project for Saiccor Mill at the South Africa Investment Conference in 2018, answering Ramaphosa’s call for investment into the South African economy by domestic and international companies. The Sappi Saiccor Mill is a major role player in KwaZulu-Natal, contributing over R6.7 billion annually to the local economy.Sappi’s KwaZulu-Natal operations comprising three mills, forestry operations and sales and export services contribute R12 billion per annum to the provincial economy. This number rises to R60 billion per annum when reflecting indirect benefits.

 

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KZN ....KZN ....week in week out....Mongameli sikubhekile

DZumaSambudla I hope you awake

Where there is money he is running there in sickness nd the worse surely he will attend

How come the construction mafia didn’t get their hands in here?

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