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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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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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Business – GlobalBuzz SA

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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Business – GlobalBuzz SA

No change to government’s fiscal stance

Pretoria – President Jacob Zuma says government will not abandon the fiscal path it has chosen in the last few years. “Government will not abandon…
GlobalBuzz-SA – Business News

Transnet secures R12bn loan

Transnet has secured a R12 billion club loan from five lenders to fund its locomotives fleet acquisition programme. “The acquisition is the single…
GlobalBuzz-SA – Business News

Reserve Bank’s communication head resigns

Pretoria – Head of Group Strategy and Communication at the South African Reserve Bank (SARB), Hlengani Mathebula, has resigned, said the…
GlobalBuzz-SA – Business News

SA companies invited to invest in Cuba

Pretoria – Deputy President Cyril Ramaphosa has encouraged South African companies to travel to Cuba to seek opportunities for investment and…
GlobalBuzz-SA – Business News

Alarming Tourism Statistics

Tourism Statistics – The latest Tourism Business Index (TBI) 3rd quarter results from Tourism Business Council of South Africa (TBCSA) has been released and the findings are alarming.   Business confidence is at a record low, with the second lowest reported since 2010, and the lowest yet this year. The drop in confidence is largely attributed […]

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