Chapter 260 Investing in South Africa
As the most developed country in Africa, South Africa has some gaps with other developed countries in the world, but for the African country where it lives, its citizens already have a high standard of living. Moreover, South Africa's economy is relatively stable. It is also relatively developed in finance, law, communication, energy and transportation industries, with a complete hardware infrastructure and stock trading market. The production of gold and diamonds ranks first in the world.
In a country with stable economy and political stability, its industry will also develop rapidly. In fact, many companies have factories in South Africa, and the goods they produce supply to most countries in Africa. In addition, South Africa's salary is quite cheaper than that of local countries, especially the salary of black people in South Africa, which is only half of that of white people in the local area. This is still quite attractive to many industrial enterprises.
However, the various types of corporate groups that Ji Feng owns are not completely advantageous. Ji Feng has always believed that only win-win can last for a long time, and eating alone is the most hated thing.
Jacob attached great importance to Ji Feng's arrival. He held a grand welcome banquet that night. Senior officials of the South African government and the heads of various award-winning business groups were invited to come and welcome Ji Feng, the nominal richest man in the world.
Someone once calculated the calculation for Ji Feng. Although Ji Feng's personal net income last year was more than 100 billion Jinan yuan, close to 200 billion US dollars, no one could calculate the fixed assets he owned, especially with the new islands, sea areas and investments in various places this year, Ji Feng's actual assets definitely exceeded 1 trillion Jinan yuan.
The most important thing is the exclusive wireless power technology mastered by Ji Feng. After Jeju Island began to be fully opened and officially applied, it has been favored by countries around the world. All countries send people to Jeju Energy to discuss it to prove how huge this technology has. Electricity no longer needs to be bound by cables. Within a radius of 500 square kilometers, it can be accessed at any location. This has a huge temptation for mountains, hills and terrain, and even plain areas. At least everyone no longer has to worry about laying electricity bills.
Although South Africa's energy industry is already quite developed for Africa, there is still a huge gap for truly developed countries.
Especially with the increasing number of industrial enterprises in South Africa and the depth of each mine is getting deeper and deeper, it is difficult to imagine the difficulty of laying electricity in mountainous South Africa. Especially as the demand for electricity increases, energy issues have to be placed on the agenda of the South African government.
South Africa, which is suffering from how to implement a new energy strategy, has paid great attention to the radio stations on Jeju Island from the beginning. After the initial test passed, the South African government wanted to introduce this system to South Africa. The blockade of the northern Philippines by the Jeju Island fleet is the most fundamental reason for firming this idea.
Of course, this is also the reason why other countries must introduce wireless power systems. No matter any new technology application, the first thing that comes to mind is military and defense applications. Warships, aircraft, armored vehicles, and tanks that never need to stop are obviously too tempting to various countries.
Although South Africa is the most economic and politically stable country in Africa, they are also threatened by many. There are too many people holding guns in South Africa, and they can easily gather a group of militants. Although the threat to South Africa is not too great, it is not absolute. South Africa must seize the opportunity of the first batch of wireless power development, so that it can transform South Africa's power industry and greatly strengthen the strength of national defense and military.
In this regard, all the brainy countries have seen new ways of war in the future through the Jeju Island fleet, and even the United States wants to postpone the delivery of the remaining Littoral combat ships.
The dinner went smoothly. As a world-renowned wealthy man, Ji Feng highly praised the South African government for inviting him to come and invest, and said that this will bring a good start to Jeju Island and South Africa in various aspects such as economic, trade and finance.
Similarly, South African President Jacob also warmly welcomed Ji Feng's arrival again and expressed his full confidence in Ji Feng's investment in various industries in South Africa. Finally, he even said that Jeju Island is the most popular investment consortium in various countries. South Africa's ability to invite Jeju to South Africa to invest will greatly improve South Africa's economy.
"What is the total investment in South Africa?" After the dinner, Ji Feng arrived and held a meeting in the State Guesthouse to listen to the progress of the achievements of all parties in South Africa in the recent period. More than 100 other people from Jeju Island have also lived here for nearly half a month.
Zhao Yu took out the calculator and immediately added the numbers from each group, and immediately replied: "The total investment of 138 billion yuan is required."
This figure is already small compared to the UK, but for South Africa, it has exceeded its national fiscal revenue for several years, equivalent to one-third of the total GDP of South Africa in a year. No wonder South Africa attaches so much importance to it. It should be noted that the investment in the previous year actually attracted only US$11.7 billion, and Ji Feng's investment figure is at least the sum of foreign investment attracted by more than ten years.
Ji Feng, who was looking at the investment briefings of various groups, nodded slightly, raised a plan in his hand and said to a white middle-aged man with a nervous expression: "Lawrence, your plan is not brave enough. South Africa's infrastructure, construction and real estate will be important economic growth points in the future. And it is still too one-sided to just focus on the real estate industry. Infrastructure and construction will also be our investment focus in South Africa."
"Everyone, South Africa is the most economical and stable country in Africa. I know what everyone is worried about, but you must see that as we enter this market, South Africa or Africa will open a door to greater wealth for us."
"With our support, coupled with the demand for South Africa from other African countries, South Africa's future economic and political stability will be persistent, so we don't have to worry about not being able to recover the investment. Although this payback period will be slow, we are originally doing long-term investments here, so we must look at the long-term, ten, twenty or even fifty years."
"Don't always focus on the energy group. The energy group's model cannot be replicated. Wireless power patents and technology will bring unlimited funds to our future, and it will be an excellent project with long-term benefits. But we must also see that other group companies have their own advantages, such as the reorganized Jeju Real Estate Group, Lawrence has a keen business vision, but it only needs to take a step further."
"For example, Jeju Media Group, our Jeju Island TV station has covered more than one-third of the world's population and is expected to reach one-half by the end of this year. Is this a very impressive number? This has a great boost to our cultural output and will be of great help to our future implementation of new technologies in television."
"There are also Jeju Airlines Group and Jeju Shipping Group. Relying on our advanced aircraft technology, we will have our own aircraft manufacturing plant in the future. I plan to place this calculation under the Aviation Group, so that it has one-stop service from design to manufacturing to operation, and our new passenger aircraft will fly between various intercontinentals with greater advantages. The same is true for the Shipping Group. We have more advanced ship manufacturing technology. After Sabah stabilizes, I plan to build a shipbuilding base in Sabah and place it under the Shipping Group, which will bring more benefits to our shipping group."
"Of course, other group companies will also get better technology and development one after another, but everyone needs to have more patience. Before that, I need you to prove to me your long-term vision. You are indeed decision makers who can bring greater benefits to me or long-term stable returns. I don't need a group of entrepreneurs who only know that they are crazy profits at the moment. It's enough to make money in the short term with Jeju Bank. Spark did not come today, otherwise he will tell you how to maximize your own interests."
More than a dozen people in charge of various groups at the scene were sweating coldly on their foreheads and humbly accepting Ji Feng's speech. You should know that their identities have not many opportunities to get such arise. Even most of Ji Feng knew about it for the first time. Although they attended the conference at the end of the year last year, it was normal that they could not attend the core meeting at that time, so it was normal for Ji Feng to remember them.
The next day, Ji Feng and Jacob had a cordial exchange. With the active response of South African ministers, Ji Feng obtained a license to operate most industries in South Africa and gave Ji Feng the greatest discount to all group companies. They were completely exempted from taxes in the first three years and halved in the next two years. The tax rate will be calculated according to the franchise foreign-operated enterprises, that is, the full tax will be paid in five years after the profit is made, but the tax amount will be returned to Ji Feng's enterprises 30 in the same amount of tax. These things can be any product from South Africa, just given in physical goods, which means that Ji Feng must be replaced with South Africa's products or sold to other regions and countries.
This discount is not bad, but in order to solve the unemployment rate of South Africa that exceeds 25, the South African government is also cruel this time. Ji Feng's investment of over 100,000 unemployed people in South Africa can be at least 100,000 unemployed people in South Africa, not to mention that Ji Feng will also invest in important industries such as infrastructure construction, mining, banking, and steel manufacturing. Especially when he heard that the steel manufacturing group that invested in South Africa will supply Sabah Airlines and Sabah shipping in the future, the South African government's eyes began to shine.
Almost all of the group companies such as banks, agriculture, animal husbandry, energy, steel, mining, aviation, fishery, shipping, communications, media, hotels, catering, real estate, medical care, education and municipalities are on this South Africa investment list, and have all found one or more investment projects. This huge investment plan really excited the South African government. The most important thing is that people do not make any requests, as long as they are preferential policies, there are no other political demands at all. I believe that no country will let such investors go.
The biggest investment is that Jeju Energy will build two 20 million kilowatt-hour radio stations in South Africa and completely replace the mainstream thermal power stations in South Africa in two to three years to supply the electricity demand of the entire South Africa and even most of southern Africa.
South African National Electric Power Company will mortgage all assets and future profits, lending 62 billion Jinyuan from Jeju Bank, occupying 49 shares of the joint venture power company of both parties, and obtaining the company's operating qualifications. Jeju Energy is only responsible for the construction and financial supervision of the radio station.
Chapter completed!