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Dti welcomes Caterpillar investment

Trade and Industry Minister Rob Davies has commended Caterpillar for its commitment to source components and related services in South Africa worth a total estimated value of R 1.3 billion. Dti welcomes Caterpillar’s R1.3 billion investment The commitment is for a period of 10 years, in support of local enterprise and supplier development. Caterpillar is […]

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Business – GlobalBuzz SA

Diversification to grow regional economy via SADC

sadc diversification

“The diversification of our economies and industrialisation will ultimately put the region on its rightful path as a global economic player,” said President Jacob Zuma, who is also the chair of the SADC regional bloc, on Tuesday. [Read more…]

SA seeks bigger benefits for Africa in global economy

south africa - flagged

South Africa – With Africa beset by the double scourge of illicit financial outflows and the disparity of the global economy, President Jacob Zuma says the United Nations must play a central role in tackling both issues. [Read more…]

President Zuma returns from 9th BRICS Summit

BRICS 2017

President Jacob Zuma is back in the country after his successful working visit to Xiamen, China, where he attended the ninth BRICS Summit. [Read more…]

SA should grow economy through inclusive growth

Cape Town – Finance Minister Pravin Gordhan says to get the country on a path of better growth, all sectors of the economy should work with government in a manner that promotes inclusive growth. Economy through inclusive growth The Minister said this when he briefed the joint Standing Committees on Appropriations and Finance, on Thursday, […]

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Fires cause drop in agricultural production

Hundreds of Western Cape farmers have suffered damages after fires wreaked havoc on vineyards in Stellenbosch, Overberg, Simonsberg and Kogelberg. The DA in the Western Cape is deeply concerned about the financial burden that this places on the agricultural sector, and the potential job losses that may follow. In my capacity as the Chairperson of […]

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Business – Cape Town

Revitalisation of industrial parks creating jobs

Trade and Industry Minister Rob Davies has launched the first phase of the Komani Industrial Park revitalisation project, saying the revitalisation of industrial parks is creating job opportunities for many locals. Industrial parks creating jobs Speaking at the launch on Monday in Queenstown, Eastern Cape, Minister Davies said the industrial park has created jobs for […]

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Medium-Term Budget Policy Statement delivered

Pravin Gordhan - Budget Policy

Pretoria – Business has welcomed the Medium-Term Budget Policy Statement (MTBPS) delivered by Finance Minister Pravin Gordhan. [Read more…]

Industrial parks, jobs boost

Pretoria – The revitalisation of state-owned industrial parks will promote industrialisation and increase their contribution to job creation and South Africa’s economic growth, says Trade and Industry Minister Rob Davies. The Department of Trade and Industry (the dti) has recognised the need to revitalise industrial parks located in various parts of the country, mainly the […]

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Investment bill is consistent

Investment Bill

Investment Bill – South Africa’s Protection of Investment Act of 2015 provides protection to foreign investors in a manner that is consistent with the Constitution, says the Department of Trade and Industry (dti). [Read more…]