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Treasury projects a R212.2 billion revenue shortfall

South Africa – The National Treasury announced on Wednesday that the gross tax revenue for 2020/21 is expected to be R213.2 billion lower than projections in the 2020 Budget. [Read more…]

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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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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WEF to be used to promote investment

Pretoria – President Jacob Zuma will use the World Economic Forum (WEF) in Davos, Switzerland, as a platform to call for the world’s top economies and business to invest in South Africa’s and Africa’s infrastructural projects for the long term economic growth of the continent. Zuma left South Africa last night to travel to that […]

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Mmamathe Makhekhe-Mokhuane suspended

The South African Revenue Service (SARS) has announced that it has placed Mmamathe Makhekhe-Mokhuane on precautionary suspension pending the finalisation of a disciplinary process in respect of serious allegations of misconduct. Makhekhe-Mokhuane’s precautionary suspension takes effect immediately, the revenue service said in a statement on Wednesday. This brings the number of executives currently on precautionary […]

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Vehicle sales soar in January

Pretoria – New vehicle sales registered substantial gains in the first month of the year, growing by 14.1% compared to the 48 202 vehicles sold in January last year, said the National Association of Automobile Manufacturers of South Africa (NAAMSA). This followed on the positive sales performance seen throughout 2012. On Monday, Naamsa said that […]

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Zuks Ramasia, from flight attendant to Acting CEO

Zuks Ramasia is the perfect example of what people can achieve when they believe in themselves and pursue their ambitions. Ramasia started her career as a flight attendant at the South African Airways (SAA) about 27 years ago, and now she is the Acting CEO of the airline. Zuks Ramasia, from flight attendant to Acting […]

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SONA expected to improve business mood

Johannesburg – South Africa’s economic growth in 2013 will remain positive but unbalanced, Business Unity South Africa (BUSA) said on Monday. This as President Jacob Zuma prepares to deliver the State of the Nation Address (SONA) in Parliament this week, with many hoping he will highlight progress on government’s implementation of the infrastructure programme announced […]

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Funding awarded to Social Innovation

JOHANNESBURG, South Africa, February 10, 2021 – Meat Naturally and Agricool Finance were awarded joint first place in the 10th Annual Social Innovation Awards, while Leafline Washable Sanitary Wear scooped first place in the Disability Empowerment Awards. All three winners were awarded R1.3 million in grant funding. A total amount of R12.6 million in grant […]

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Companies fly high in China

It goes without saying that South Africans are flying the flag high when it comes to doing business abroad and the 2013 South African Expos held in China last week was indicative of this. Innovation, passion to succeed and to give back to one’s country of birth formed the elements of South African companies that […]

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