* JOHANNESBURG, South Africa – April, 2018 – Africa needs to take advantage of the economic potential of its ports and shipping sector if it is to realise its growth ambitions. Globally, ports are gateways for 80% of merchandise trade by volume and 70% by value. Investment in ports and their related transport infrastructure to [...]

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“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. Diversification to grow regional economy Partnering with the private sector will unlock avenues that southern African governments alone [...]

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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. The current structure of the global economy continues to deepen the divide between the north and south, President [...]

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President Jacob Zuma is back in the country after his successful working visit to Xiamen, China, where he attended the ninth BRICS Summit. President Zuma, who arrived in the country this morning, had joined other BRICS leaders for the summit, which was held under the theme ‘BRICS: Stronger Partnership for a Brighter Future’. They discussed [...]

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Pretoria – Business has welcomed the Medium-Term Budget Policy Statement (MTBPS) delivered by Finance Minister Pravin Gordhan. Medium-Term Budget Policy Statement “The South African Chamber of Commerce and industry (SACCI) welcomes the announcement of the MTBPS delivered by the Honourable Minister of Finance Mr. Pravin Gordhan,” said SACCI following the tabling of the MTBPS in [...]

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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). SA’s investment bill is consistent with the Constitution In a statement on Saturday, the dti said the bill, which has come under [...]

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South Africa - President Jacob Zuma will lead a South African delegation to the World Economic Forum (WEF) in Davos-Klosters, Switzerland.

The delegation to the meeting, scheduled from January 20 - 23, will comprise Cabinet Ministers and business leaders.

To prepare for the meeting, Team South Africa, led by President Zuma and Finance Minister Pravin Gordhan is meeting in Pretoria this morning for a briefing session.

The WEF annual meeting brings together world leaders from business, government, international organisations, academia and civil society in Davos to discuss the global economy.

This year's theme is ‘Mastering the Fourth Industrial Revolution’.

Critical current challenges such as security, climate change and the “new normal” global growth and commodity prices are among the issues on the agenda.

Delegates will also seek ways to improve global governance through public-private cooperation by working in close collaboration with key international organisations and providing input into major multilateral processes.

The meeting will also look at multi-stakeholder efforts to deliver sustainable and inclusive economic growth in the face of slowing growth rates, increasing market volatility and looming global risks.

Another issue for discussion is geo-security, which will see public and private sector leaders meet with defence and intelligence experts in preparation for a rapidly changing security landscape.

The world leaders will also examine in depth the social and economic transformations occurring in all regions of the world through informal interaction with over 250 political leaders on trade and investment-related issues in various national and regional contexts.

Industry and business matters are also on the agenda of the annual meeting. The delegates will work towards shaping the evolution of industry ecosystems and business models, particularly in the context of scientific, technological and policy innovations. - SAnews.gov.za

Pretoria - President Jacob Zuma says government will not abandon the fiscal path it has chosen in the last few years.“Government will not abandon...

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Pretoria - PetroSA and its Group Chief Financial Officer (CFO) Lindiwe Mthimunye Bakoro have agreed to part ways, says the national oil company.

“PetroSA has lifted the suspension of its Group Chief Financial Officer (CFO), Ms Lindiwe Mthimunye Bakoro, and the parties have reached an agreement to terminate her employment as the Group CFO with effect from 30 November 2015 on mutually acceptable and amicable terms,” said PetroSA on Saturday.

The terms of the agreement are confidential, said PetroSA.

Mthimunye-Bakoro and another senior executive were placed on suspension in June.

“PetroSA would like to thank Ms Mthimunye Bakoro for her contribution and wishes her all of the best in her future endeavours,” it said. – SAnews.gov.za

Transnet has secured a R12 billion club loan from five lenders to fund its locomotives fleet acquisition programme.“The acquisition is the single...

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