Port St Johns revamp: ‘Major Chinese influence’ in SA’s new coastal city
Chinese investors have been wise to the opportunities presented by Port St Johns for the past few years, as the ‘new coastal city’ prepares for an overhaul.
President Ramaphosa has championed the development of new infrastructure and ‘smart cities to help unleash South Africa’s economic potential. So when it was confirmed that Port St Johns – a small town in the Eastern Cape – is in line for a major makeover, few realised that the region has previously been the subject of intense interest from Chinese investors.
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However, our government won’t be the only organisation casting a keen eye over the town’s development. Chinese business representatives
have been closely connected to the Port St John’s project for the past few years…
- A Chinese business delegation from the Zhejiang province recently took part in a three-day investment drive in the Eastern Cape.
- Eight project agreements were signed in 2019 – with a view to developing the Port Saint Johns harbour.
- The East London and Coega special economic zones (SEZs) were of particular interest to the delegation.
- Some agreements signed were between Hangzhou Vocational Technical Training College & Eastcape Midlands College.
- Manufacturing, electrical management, marketing and tourism projects will be developed by the parties involved.
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