Mersey Docks Invests In South Africa

Mersey Docks and Harbor Co. is investing 8.8 million pounds in the South African Capespan Group's fruit terminals. Mersey Docks -- Britain's second largest port group -- said it was buying half the equity in Capespan's terminal operations at the ports of Cape Town, Durban, Port Elizabeth and Maputo in Mozambique. "Mersey Docks will gain from being actively involved in the export of all South African fresh produce, not just to the UK through the port of Sheerness but to all corners of the globe," Mersey Docks chief executive Peter Jones said. Mersey Docks and Capespan have already collaborated on a 35 million pound fresh produce terminal opened in Sheerness in 1999. - (Reuters)