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Golden Aspirations for Zimbabwe

gold hands

Zim aims to be among top five gold producers in Africa
Harare – Zimbabwe is aiming to become one of the top five gold producing countries in Africa within the next three years, says Finance and Economic Development Minister Patrick Chinamasa. [Read more…]

Working to transform the economy

Pretoria – Government and its social partners continue to work towards transforming the South African economy so as to address unemployment and other challenges, says President Jacob Zuma. “Government, along with our social partners, continues to work hard to implement policies that have a potential to transform the South African economy, including reducing high levels […]

Working to transform the economy is a post from: South Africa Business

South Africa Business» News


Food Tourism Helps Boost Economy

According to Visit Wales, the tourism industry in North Wales already injects £2.1 billion a year into the Welsh economy, with visitors to Wales on average spending almost a fifth of their holiday budget on food & drink, providing over 200,000 people with jobs in the food industry across the country. Producers in North Wales […]

Food Tourism Helps Boost Economy is a post from: Business UK

Business UK» News


Biodiversity contributes to economy

Pretoria – The Minister of Water and Environmental Affairs, Edna Molewa, says the benefits derived from biodiversity or ecosystem services are estimated at R73 billion, contributing to 7 percent of South Africa’s GDP per annum. The biodiversity economy, which is part of the national Green Economy, is therefore South Africa’s competitive edge in growing the […]

Biodiversity contributes to economy is a post from: EconSpire

EconSpire» Business


Invest in hydrogen economy

Midrand – Science and Technology Minister Derek Hanekom says South Africa should invest in the hydrogen fuel economy by taking advantage of the country’s large supply of platinum deposits. Addressing a conference hosted by Mapungubwe Institute for Strategic Reflection (Mistra) – a think-tank that deals with research, policy-making and governance – Hanekom said moving towards […]

Invest in hydrogen economy is a post from: South Africa Business

South Africa Business» News


German investor morale brightens

German Investor

German analyst and investor sentiment climbed more than expected in August, a leading survey showed on Tuesday, suggesting Europe’s largest economy is gradually regaining momentum after suffering a contraction in late 2012 and a weak start to 2013. [Read more…]

ECB Lowers Interest Rates

European Central Bank

European Central Bank

Europe’s interest rates have probably reached a bottom. Although the economy has been in recession since Q4 2011, the European Central Bank (ECB) hesitated until this morning to lower its main refinancing rate at which banks can borrow funds by a quarter percentage point to 0.5%. [Read more…]

AEC seeks to end Japanese dominance

ASEAN Economic Community

ASEAN Economic Community

The implementation of ASEAN Economic Community (AEC) in 2015 is likely to reduce the dominance of big Japanese automakers in the region introducing a more level playing field. Smaller Japanese players such as Suzuki, Mitsubishi and Isuzu and new entrants will gain the most from the implementation of AEC, as the level playing field will make it easier to expand their presence and challenge incumbents. However, big Japanese OEMs are still likely to continue to lead the market. [Read more…]

China GDP Slows

China Economy slows

China Economy slows

China is slowing. Now the second-largest economy, the East Asian giant has to ease its pace to keep from stumbling in its quest for prosperity. The National Bureau for Statistics released numbers today showing annual GDP growth in Q1 2012 of 8.1%, a continuation of the two-year slowing trend that follows the post-crisis rebound. [Read more…]

Tourism sector to boost the economy

Pretoria – The National Tourism Sector Strategy (NTSS) seeks to increase tourism’s total direct and indirect contribution to the economy to R499 billion by 2020 said Tourism Deputy Minister Tokozile Xasa. Through the NTSS, said Xasa, the tourism sector is committed to creating a total of 225 000 additional jobs by the year 2020. “The […]

Tourism sector to boost the economy is a post from: South Africa Business

South Africa Business» News
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