U.s. Investments Pour Into South Africa 3011

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ae Tn a recent despatch from its South African correspondent, the Well Street Journal gave somo facts and figures about U.S. investment in South ifrica. Total American private investmonts in South Africa aro estimated at over $600 million, a 25% increase in. only two years. Giving roasons as to why South Africa is attracting so much U.S. capital the despatch said"imorican companies doing business in South ..frican industry are averaging profits of 27% on invested capital." Giving some details of particular investments it said that Goodyear Tyre and Rubbor Co, is spending 4.2 million dollars expan ding Uitenhago tyro plant, the First National City Bank will open a new branch in Durban in November and Lilley Laboratories is opening a 30,000 aes foot plant at. Isando,