SOUTH AFRICA > Germany based Mercedes- Benz Cars is set to invest €600 million ($705.09 million) in East London, South Africa

Mercedes Benz logo Including the construction of a new paint shop and a new body shop, Germany based Mercedes- Benz Cars is set to invest €600 million($705.09 million) in East London, South Africa. The investment also will include an upgrade of the assembly shop and new logistic warehouses. The new building will comprise an area of approximately 100.000 sqm. which reflects the addition More …

SOUTH AFRICA > US based MRI Software, a real estate software company, is set to acquire MDA Property System, a property management and accounting software company based in Cape Town, South Africa

MRI logo For expanding its fast growing presence in EMEA region, MRI software is set to acquire South Africa based MDA Property Systems. MDA Property Systems dominates the South African real estate market with approximately 5000 users and 70 percent of South Africa’s listed real estate investment trusts (REITs) using the company’s software. Founded in 1990, MDA Property System is a property management and More …

SOUTH AFRICA >Yangtze Optical Fibre and Cable Joint Stock Limited(YOFC) expands to South Africa with $10.75MN plant

5726d0d6c9aca China based Yangtze Optical Fibre and Cable Joint Stock Limited (YOFC) has completed R150 million ($10.75MN) expansion to set up and operate modern optical fiber cable manufacturing plant in South Africa. The facility is located in Dube Trade Port Industrial Development Zone in Durban. The construction of the facility started back in May (2016) and in less than six months it More …

SOUTH AFRICA > South African Astrapak to be acquired by UK’s RPC Group for $98 ml

main-logo England based RPC Group to acquire South African packaging company Astrapak for ZAR 1,370 million (around $98.43M). This is a cash-free and debt-free deal which is anticipated to complete in the first quarter of 2017. After the deal was announced, Pim Vervaat, Chief Executive of RPC, said, “The acquisition of Astrapak represents an important step in realizing RPC’s strategy to create More …

SOUTH AFRICA > US Based Huffington Post Expands to South Africa

huffpo Huffington Post will be launching its newer international edition in November 2016. This time, in South Africa. After launching into its first international market in 2011, in just 5 short years, it has been able to launch into 16 other markets. Fifty percent of Huffington Post’s audience is US based, while the other half is global audience and this figure More …