New projects worth R51-billion - Nedbank

Nedbank says the investments represent a promising source of economic growth for the future. Nicky Weimar, the senior economist at the bank who compiled the report says that over 82% of the number and value of the projects came from the private sector, with most of them in the mining and manufacturing sectors.

The report says that manufacturing projects worth R5,9-billion were recorded in the first six months of this year while mining projects reached a whopping R34,2-billion during the period.

Business Report says the R51-billion investment in the first six months of this year is significantly higher than the same period last year. A total of R53-billion invested in capital expenditure projects during the whole of last year.

Read the full report in the electronic editions of Business Report.
Read the Nedbank report.