Defy to invest an additional R500m in South Africa over next five years

South African home appliance manufacturer Defy will invest an additional R500-million in its local operations over the next five years, CEO Mustafa Soylu said on July 22. Speaking at an event at the company’s Midrand showroom that marked Defy’s 120-year anniversary, he said Defy had already invested more than R2.6-billion in its operations in the country over the past 15 years.