AGP Executive Report
Last update: 9 hours agoPorts and Investment: Transnet and Freeport Saldanha signed a 25-year lease covering 55 hectares, giving investors long-term certainty at the port’s industrial zone. Freeport’s project pipeline is worth about R6.9bn, spanning manufacturing, energy and marine services. Mining: Ramaphosa is due to inaugurate Vedanta’s Gamsberg Phase II expansion, which will lift annual zinc output capacity to about 500,000 tonnes and support 800–1,000 operational jobs. Automotive Manufacturing: South Africa’s Malben Engineering and Egypt’s Elaraby Group are exploring a joint venture to make vehicle components in Egypt, potentially extending a local supplier’s reach into North Africa. Electric Mobility: The new South African Electric Mobility Association aims to give the EV sector a unified voice on policy, standards and infrastructure. Renewable Energy: Construction has begun on the 49MW Lion Thorn Solar Park in North West; backed by a power deal with PPC, it is expected to start operating in 2028.
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