SNC-Lavalin sells South African Resources business
The South African Resource business has around 1,800 employees, and primarily services construction and site maintenance clients
EDC regrets US$41M loan to back Bombardier sale to Zuma allies
Money helped the Gupta family, closely connected to former South African president, who face corruption charges.
As Canada legalizes pot, other countries likely to follow
Canada is the second country in the world to legalize cannabis, but others could join us very soon.
Chinese automaker plans electric car production in South Africa
BAIC is preparing to set up a “new energy car production base” by the end of June.
EDC loan helps finances $1.2B Bombardier rail contract in SAfrica
US$450-million loan will help rail operator Transnet to fund a purchase of rail equipment from the Quebec-based manufacturer.
BRICS nations agree to create own development bank in Shanghai
New $100 billion bank is seen as a strong push against the World Bank and the International Monetary Fund.
Bombardier to deliver 240 TRAXX locomotives to South Africa
Will manufacture them there with 60% of the supplier business going to local firms.