It’s an investment bonanza for South Africa!

Here are some of the big announcements:

– Anglo American’s executive head in SA Andile Xhamlo announced the biggest investment of R71.5bn over the next five years on sustaining and extending the lives of its mining operations in SA‚ which will preserve 72‚000 jobs and stimulate regional economies. “The mining sector is well poised to attract much-needed investment to support job creation and growth‚” he said.

– Vedanta Resources has made an overall investment of R21.4bn. Vedanta Zinc CEO Deshnee Naidoo said the minerals company had invested in two world-class zinc deposits of R5bn each‚ as well as a complex in the Northern Cape.

– Mercedes Benz has committed R10bn to expanda plant in East London in preparation for the next generation of C-class model‚ with a focus on local production and local suppliers.

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