market intelligence
New R1.4-Billion shopping mall taking shape in South Africa Development is progressing on the new 50 000 square metre shopping mall at the heart of a massive new precinct taking shape in KwaZulu Natal. Westown Square is a R1.4-Billion retail centre being built in the Westown Precinct, which will anchor the wider Shongweni Urban Development project, valued at R30-Billion. Westown is a mixed-use precinct within a managed urban environment that has secured and approved development rights of approximately 520 000 square metres of bulk floor area in Shongweni… Read more
Steel industry vital for SA’s industrialisation, Majola says Trade, Industry and Competition Deputy Minister Fikile Majola has stressed the impact of the local steel industry and its importance to South Africa’s industrialisation, and the challenges that the sector is facing from local and global pressures, emphasising the need to build an “inclusive sector” that contributes to the economy.. . Read more
Billions in automotive investment pouring into SA South Africa is experiencing a multi-billion-rand automotive investment boom with the news that multinational automotive group Stellantis has confirmed its intention to invest R3-Billion in South Africa to establish a state-of-the-art greenfields automotive plant at Coega in the Eastern Cape ... Read more
Tesla taps stainless steel for long-awaited Cybertruck Tesla is sourcing some stainless steel panels for the exterior of its new Cybertruck from Finnish supplier Outokumpu Oyj, which has worked to accommodate the electric vehicle’s unconventional design, according to people familiar with the matter. The materials will be shipped to Tesla’s assembly factory in Austin, marking a major product shift for Outokumpu, the people said, asking not to be identified because the contract is private. The Helsinki-based company is Europe’s largest producer of stainless steel, and is well known for working with automakers when making exhaust systems… Read more
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Issue 3 – 2023
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