New plant planned in South Africa
In South Africa today, China’s Jidong Development Group and the China-Africa Development Fund (CADFund) have signed an MoU with Women Investment Portfolio Holdings (Wiphold) and Continental Cement (Conticem), a limestone mining firm. The MoU relates to the construction of a R1.65 billion cement plant to be located 85 km north of Brits in Limpopo.