SA, Indian firms in joint venture to make transformers.(Business Report)

The Star (South Africa) | October 15, 2008 | Copyright

BYLINE: Jabulani Sikhakhane New Delhi

Durban businessman Vivian Reddy is building a transformer manufacturing plant in Vereeniging in a joint venture with an Indian firm to take advantage of the multibillion-rand investments in power projects in South Africa and other countries within the southern African region.

The venture with Emco, India's third-largest maker of transformers, is one of the four deals that Reddy's company, Edison, has struck or is negotiating with Indian companies for investment in India or South Africa. Emco will own 51 percent and ...

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