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South African and Chinese Municipalities Ink Solar-Panel Plant Deal

Bloomberg.com · last updated

South African and Chinese municipalities signed a deal to construct a $35 million solar-panel assembly plant, a boost to Pretoria’s plans to attract international investment needed to promote district-level development.

The agreement between the Nkangala and Wucheng municipalities was announced at the South African International Industrial Expo in Johannesburg on Wednesday. The first phase of the project, which will cost $10 million, is expected to create employment for between 150 and 200 people in the eastern town of Nkangala, the expo said in a statement.

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