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Zuma assures investors

Jacob Zuma - Davos 2013

Jacob Zuma – Davos 2013

Pretoria – President Jacob Zuma has called on the South African delegation attending the World Economic forum in Davos, Switzerland, to present a united voice to assure investors that the country remains in good hands. [Read more…]

Brics to benefit African continent

South Africa Business

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…]

Infrastructure development key to Africa success

Pretoria – Africa must address the challenges of inadequate infrastructure, small and fragmented markets, and inadequate diversification of…
GlobalBuzz-SA – Business News

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…]

Investing in Africa Mining Indaba 2012

 

Africa Mining Indaba

Africa Mining Indaba

Cape Town 6 February, 2012, This year pre-registered 7,200 delegates have registered to attend the 18th annual Investing in Africa Mining Indaba, which is an increase of 20% or 1,200 more delegates, compared to the previous year. The event, which takes place from the 6th to the 9th February, has also attracted 130 media representatives from all over the world. [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…]

Africa, India cement ties

Pretoria – Africa and India have pledged to further strengthen their cooperation in regional and global peace and security, as well as economic and trade areas. In the fields of economic cooperation, the two sides underlined the importance of supporting stable, long-term capital flows to developing countries to stimulate investment. They envisaged a widening […]

Africa, India cement ties is a post from: GlobalBuzz SA

GlobalBuzz SA» Trade

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…]

World Economic Forum on Africa

World Economic Forum 2011

World Economic Forum 2011

Pretoria – The 21st World Economic Forum on Africa, which will be attended by more than 900 participants from 60 countries, kicks off today in Cape Town.

The three-day meeting will discuss how sub-Saharan Africa can sustain its growth path and become one of the pillars of global growth and demand. [Read more…]