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Dti, DAFF finalise aquaculture programme

Aquaculture Ventures

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…]

B-BBEE an imperative for SA

Rob Davies

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…]

TFR to transport hematite

Hematite

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…]

Business mission to Cameroon, Gabon

Elizabeth Thabethe

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…]

SA, Botswana sign trade agreement

Botswana

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…]

SA to become locomotives builder

Transnet

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…]

SA highest ranked country in sub-Saharan Africa

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…]

SA must be realistic about its resources

South Africa Resources

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…]

Davies maps route for free trade area

Trade and Industry Minister Rob Davies

Trade and Industry Minister Rob Davies

Cape Town – The first phase of setting up a free trade area across 26 countries in Africa is expected to come into effect in three years, Trade and Industry Minister Rob Davies said on Monday.

Briefing the media in Parliament, following Sunday’s meeting in Sandton to set up a free trade area between the Southern African Development Community (SADC), the Common Market for Eastern and Southern Africa (Comesa) and the East African Community (EAC), Davies said member countries had agreed to carry out negotiations in two phases – with the first to be concluded within 36 months. [Read more…]