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South Africa Business
Polokwane – The 5th Brics Summit, to be hosted in South Africa in March this year, is expected to benefit the entire African continent, says Minister in the Presidency for Performance Monitoring and Evaluation, Collins Chabane. [Read more…]
Pretoria – Preparations ahead of the fifth BRICS summit to be held in Durban in March are in full swing.
The BRICS countries, which are made up of Brazil, Russia, India, China and South Africa, are likely to finalise the structure for its development bank that will fund infrastructure especially to developing countries. [Read more…]
Aquaculture Ventures
Pretoria – The Departments of Trade and Industry (dti) and Agriculture, Forestry and Fisheries (DAFF) have finalised the Aquaculture Development and Enhancement Programme (ADEP) which will assist new entrants and existing aquaculture ventures. [Read more…]
Rob Davies
Pretoria – Broad-Based Black Economy Empowerment (B-BBEE) will continue to be regarded as an imperative in South Africa, says Trade and Industry Minister Rob Davies. [Read more…]
Hematite
Pretoria – The first train service to transport hematite products from Swaziland to South Africa’s Richards Bay will begin in November and is also expected to stimulate job creation, said Transnet Freight Rail (TFR). [Read more…]
Elizabeth Thabethe
Pretoria – The Deputy Minister of Trade and Industry Elizabeth Thabethe is expected to lead a business delegation on a sector-specific business mission to Cameroon and Gabon on Sunday. [Read more…]
Botswana
South Africa and Botswana have signed a memorandum of understanding to promote trade and investment between the two countries and create opportunities for industrialisation and the manufacturing sectors. [Read more…]
Transnet
Cape Town – South Africa is on track to become a manufacturer of locomotives for the rest of Africa, Transnet chief executive Brian Molefe said today.
Briefing the Portfolio Committee on Economic Development on the parastatal’s R300 billion market demand strategy, Molefe said the R4 billion that Transnet planned to spend over the next seven years on research and development in rail and ports equipment would help develop a locally driven manufacturing industry. [Read more…]
Pretoria – South Africa is the highest ranked country in sub-Saharan Africa, according to a report by the World Economic Forum (WEF).
“South Africa moves up by four places to attain 50th position this year, remaining the highest-ranked country in sub-Saharan Africa and the second-placed among the BRICS economies. The country benefits from the large size of its economy, particularly by regional standards (it is ranked 25th in the market size pillar),” read the Global Competitiveness Report 2011-2012.
The report was released on Wednesday by the WEF and assesses the ability of countries to provide high levels of prosperity to their citizens, depending on how productively they use available resources.
This year’s report features a record number of 142 economies, including developed and developing nations.
South Africa was found to be doing well on measures of the quality of institutions, property rights and the accountability of its private institutions, among others. [Read more…]
South Africa Resources
Durban – South Africa can contribute significantly to African infrastructure development, but there is a need to be realistic about the resources available in the country, cautioned Minister of Public Enterprises Malusi Gigaba.
Speaking at the 13th African Renaissance Conference, Gigaba said African countries can access the core logistics – telecommunications and energy infrastructure – from South Africa, however, there is still a significant infrastructure gap in the country. [Read more…]
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