Samsung look to open plant in South Africa

by Developed Africa 24. July 2014 09:00

Samsung are set to open a plant in South Africa, according to South African officials.

A spokesman for the South African government's Trade and Industry Department has announced that the construction of this new facility will take place in the Dube TradePort, a duty-free area in Durban set up as a special economic zone. The government have set up a number of such special economic zones to encourage greater investment into South Africa. Trade and Industry Director-General, Lionel October said:

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

Samsung are expected to make an announcement in the next two weeks, according to their local spokesman. Samsung is targeting significant increases in revenue through sales in Africa. Its ambitious target of $10bn in revenue from the African market is pinned on hopes of a boom in the African mobile market, which is expected to rise by 43 per cent in terms of number of users by 2017.

Look out for tomorrow's article, where we will be taking a broader look at the competition between tech giants for the African market over the last few years.

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