MINISTER in the Presidency, Mondli Gungubele, says Cabinet has welcomed the fruition of major investments and achievements made by local and international companies in the country.
He was on Thursday briefing media on the outcomes of the Cabinet meeting held on Wednesday.
“South Africa welcomes investments into our country and is committed to creating favourable conditions for inclusive growth and transformation of the economy,” Gungubele said.
Some investments and economic boosts received include:
- The opening of the R800 million Corobrik state-of-the-art brick manufacturing plant in Driefontein, Gauteng. The company is expected to invest a further R200 million to expand its KwaZulu-Natal based concrete facility.
- Mining giant Anglo American’s launch of a hydrogen powered truck, which is expected to give a significant boost to the country’s green hydrogen economic hopes.
- Irish food company, the Kerry Group, opened a R650 million plant in KwaZulu-Natal.
- The launch of the new locally manufactured Isuzu
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