South Africa welcomed almost one million international tourists in July, but arrivals from China and India moved sharply in the opposite direction. South Africa received 991,696 overnight international tourists in July, 12.5% more than a year earlier. Visitors from SADC countries accounted for almost four out of every five tourists. Indian arrivals fell 26.9%, while…
The European Union has formally challenged South African multinational Sappi’s €1.42 billion, approximately $1.66 billion, plan to combine major paper operations with Finland’s UPM. The European Commission has formally raised objections to Sappi and UPM’s proposed €1.42 billion paper joint venture. The regulator fears the transaction could create Europe’s leading communication-paper producer and weaken competition.…
Morocco’s OCP Group is preparing to build America’s first new phosphate-fertiliser plant in more than four decades as part of a proposed investment worth up to $450 million. Morocco’s OCP and American farmer-owned cooperative CHS plan to build a fertiliser plant in Louisiana. The companies expect to invest up to $450 million in a facility…
