SOUTH AFRICA: Government Approves R250m Textile Park
The KwaZulu Natal government has approved a plan proposed by a Taiwanese consortium to set up a R250m industrial export park for textiles to take advantage of the Africa Growth and Opportunity Act (AGOA). The consortium, headed by Jecy Lu, a Taiwanese entrepreneur with 27 textile factories in Lesotho, could develop the park within two years, creating 30,000 jobs and generating $720m a year in foreign exchange.
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