The Coega industrial development zone (IDZ) covering 110 km² of land is situated within the Nelson Mandela Metropolitan Municipality near Port Elizabeth, in the Eastern Cape province of South Africa. Coega is one of three major IDZs in the country, all of which are government-funded and aimed at increasing jobs, trade and investment in South Africa.The initial development phase to put all the...

According to a recent Ernst & Young report on investment, South Africa has invested in more projects in the rest of Africa than any other country.Despite China and the European Union being the largest investors in Africa in monetary terms, South Africa plays a key role as its multinational organisations expand into the region.Most of the current projects that are attracting foreign direct...

As collective wage negotiations are nearing, many worry that it will be difficult to avoid a repetition of last year’s deadly strikes.The largest private sector union, the National Union of Mineworkers (NUM) has announced it will demand double-digit wage increases.“It’s going to be very tough, perhaps one of the very toughest collective bargaining (rounds), since the attainment of...

Mamba Mentors got a global boost last week. BT Global Services andMEDO (Micro Enterprise Development Organisation) organised andsponsored the session, which once again paired entrepreneurs withprospective investors.The session, held at the Standard Bank London offices in the City, sawthe regular Mambas – Haji Chana, Adam Laird, Reg Bamford and JamesDurrant – being joined by a guest investor....