South Africa ready to invest $250m in Belarus's IT sector


The chairman of the Belarus's Academy of Sciences Mikhail Miasnikovich said after the talks with a delegation from South Africa that this country had an intention to step up cooperation with Belarus in the IT-sector, medicine and exploration of minerals. In particular, the South African company Lines which processes dimonds, was named by Miasnikovich as the one ready to invest $250 million into the Belarus-based High-Tech Park within the next five years.

Minsk is also in talks with the South Africa-based company Sasol to launch a joint venture to process brown coals and produce motor oil.

The joint venture could reach the output of 600,000 tons of fuel annually, Miasnikovich said. The project will require $700 million. The intergovernmental trade commission of Belarus and South Africa will discuss further details at a meeting on July 5-8, reports Interfax.