# Sinayo Group and Mingyang Smart Energy form joint venture for manufacturing plants in South Africa

Sinayo Group (South Africa) and Mingyang Smart Energy Group (China) signed a MoU to form a joint venture that will invest R1 billion to establish two manufacturing plants for photovoltaic products and wind turbines in Johannesburg, creating over 1,000 jobs.

- Type: Partnership
- Announced: 2023-08-30
- Where: Johannesburg, South Africa
- Value: $53.0M (1.00B ZAR)
- Jobs: 1,000
- Status: announced
- Products: photovoltaic products, wind turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Mingyang Smart Energy Group](https://endata.com/companies/49865.md) (partner)
- [Sinayo Group](https://endata.com/companies/72321.md) (partner)

## Sources

- [thedtic.gov.za](https://www.thedtic.gov.za/the-dtic-and-brics-business-council-welcome-joint-venture-between-sanya-of-south-africa-and-minyang-smart-energy-group-of-china/), 2023-08-30: "Our Joint Venture will – by leveraging our understanding of the domestic market and Mingyang’s expertise, resources and network; ensure that we give impetus to much-needed local enterprise development and job creation while doing our part to accelerate Southern Africa’s participation in the global s"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.