Hisense opens factory north of Cape Town

09 June 2013 11:40 - Mark Maffia

Email Article Print Article

Hisense opens factory north of Cape Town


The Chinese manufacturer of consumer electronics Hisense opened a factory worth R350 Million in Atlantis on Thursday. Already in February they had started to produce refrigerators and flat-screen TVs on the site. This created 300 jobs for people living in the area.

Unemployed residents had been specially trained.   Over the next few years, the factory is supposed to double in size, employing thousand people. The plan is to add the production of washing machines, air conditioning, coffee machines and wine coolers.

Positive for the economy

Hisense only has five factories outside China producing for local sales.   The opening of the factory was greeted with joy as the area had been burdened by poverty and unemployment.    Economic development Minister Ebrahim Patel spoke about the hope which the factory will bring for the local population.

He also said that it helps to realize the vision of re-industrializing the South African economy.   Locally, the production and export of television sets in South Africa had grown, the import reduced and thus the trade deficit had improved from US$334 million to US$172 million.

Memorandum of understanding

The Department of Trade and Industry’s manufacturing investment programme has granted Hisense R 26.8 million cash.   Furthermore, the Industrial Development Corporation and the China–Africa Development Fund have signed a memorandum of understanding about the finance for the expansion plans of the company.



Compare Foreign Exchange and Currency >>

Compare Loan and Debt Products >>

Compare Cards Products >>

Compare Money Products >>

Compare Insurance Products >>

Always dreaming of that brand New car , Vehicle loans can help you achieve just that .
31 August 2018
Which Way To Pay
Vehicle Loans are there to help you to be able to purchase that new car
The south African Rand has been hit drastically with the recent Plunge of the Turkish Lira.
31 August 2018
Which Way To Pay
Our Homeland Currency South African Rand has taken a drastic hit with the Lira on the drop.
Everyone wants that special vehicle , but cant always afford it straight away
18 April 2017
Which Way To Pay
We all know its nice do drive a new car , but not everyone has the cash available , Vehicle loans are the answer