South Africa

Foreign investment updates about South Africa

Update

Volkswagen Revs Up South African Plant for New SUV, Eyes Future Growth

According to Reuters, Volkswagen is stepping on the gas in South Africa, announcing a 4 billion rand ($210.67 million) investment to gear up its Eastern Cape plant for the production of a brand new SUV starting in 2027. This move strengthens South Africa's position as Africa'

Update

Standard Bank Sets Sights on North Africa with New Egypt Office

According to Bloomberg, Standard Bank Group Ltd., Africa's largest lender, is expanding its reach into North Africa with a new representative office planned for Egypt by the year-end of 2024. This move capitalizes on the growing trade between Africa and the Middle East. "We have been looking