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TMCNet:  Samsung will open a plant at Dube TradePort, says Trade and Industry [Sunday Independent (South Africa)]

[July 20, 2014]

Samsung will open a plant at Dube TradePort, says Trade and Industry [Sunday Independent (South Africa)]

(Sunday Independent (South Africa) Via Acquire Media NewsEdge) SAMSUNG Electronics, the world's largest smartphone maker, is to open a plant in South Africa, a Trade and Industry Department official said on Friday. The company said it would make an announcement in two weeks.


The facility would be at the Dube TradePort, a duty-free area next to the Durban harbour, Trade and Industry director-general Lionel October said. The trade port is one of several special economic zones the country is setting up to encourage investment.

"We have worked with Samsung and they identified the Dube TradePort as a space to operate from," he said. President Jacob Zuma "will launch the special economic zone within a month or so and the first investment anchor will be Samsung".

The firm would make an announcement within the next two weeks, said Stefanie Bosman, a spokeswoman for its local office. The South Korean company was targeting $10 billion (R106bn) of sales in Africa annually by next year, the Seoul Economic Daily reported on July 8. The number of cellphone users may rise 43 percent to 346 million by 2017 from 2012 in sub-Saharan Africa, industry body GSM Association said last year. - Bloomberg The Sunday Independent (c) 2014 Independent Newspapers (Pty) Limited. All rights strictly reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

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