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Billionaire Razon to invest $647 million in South Africa's busiest container hub...
11 Dec, 2025 11:09
448 min read
South Africa has signed its first major port privatization deal, granting a firm led by Filipino billionaire Enrique Razon a concession to upgrade and operate the key Pier 2 terminal in Durban. The agreement includes a R11 billion investment to modernize the hub, which handles over 40% of the nation's containers, and aims to address chronic inefficiencies that have hampered trade. This move signals a strategic shift to attract foreign investment and improve competitiveness at Africa’s busiest container port....
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Sea
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Sea
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Russia is turning Port Sudan into an intelligence foothold on the Red Sea...
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