Lerato Mbhiza
President Cyril Ramaphosa is expected to officially open the Newlyn PX Terminal and the Tetra Pak Manufacturing plant in KwaZulu-Natal on Thursday as part of South Africa’s investment drive.
These entities made pledges through the South African Investment Conference, an initiative led by President Ramaphosa with the ambitious goal of attracting R1.2 trillion in investments over five years.
“The multi modal rail terminal in Bayhead next to the port of Durban pledged R2 billion for the development of the largest multi modal rail terminal in Africa and has completed the last phase of the development exceeding the initial pledge by R2.6 billion.
“The entity has over the last 26 years demonstrated its commitment as well as significant financial, technical and human resource development in developing transformational logistics infrastructure along the country’s major trade corridors,” said the Presidential Spokesperson Vincent Magwenya
Furthermore, the terminal is considered a leading development
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