AUTOMOTIVE
The Coega Development Corporation (CDC) reports that it has signed a deal with the Beijing Automobile International Corporation (BAIC) for a new automotive investment worth R11-billion into the Eastern Cape industrial development zone (IDZ). The Chinese State-owned company plans to build a completely knocked down, or CKD, automotive manufacturing plant in the 50 000-ha zone, which is associated with the Ngqura deepwater harbour, located not far from Port Elizabeth.
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