U.s. Investments Pour Into South. Africa

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= In a recent despatch from its South African correspondent, the Wall Street Journal gave some facts and figures about U.S. investment in South Africa, Total american private investmonts in South ifrica 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 .fricon industry are averaging profits of 27% on invested capital." Giving some details of particular investments it” said that Goodyear Tyre and Rubber Co, is spending 4.2 million dollars expending Uitenhage tyre plant, the Tirst National City Bank will open a new branch in Durban in November and Lilley Laboratcries is opening a 30,000 square foot plant at Isando,