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Pretoria – Vehicle sales surged in May, rising by 20.7% to 50 229 from 41 625 units in May 2011, the National Association of Automobile Manufacturers of South Africa (Naamsa) said. The 20.7% growth was above the growth rate in industry total sales of 9.4% for the first five months of the year. New car […]
Vehicles sales surge in May is a post from: GlobalBuzz SA
Pretoria – Government says in its Mid Term Review report, released on Friday, in overall at least 6.8 million hectares of land have been transferred to beneficiaries between 1994 and 2011, through its Land Acquisition and Redistribution Programme and the Land Restitution Programme. This represents 27% of the target of transferring 24.5 million hectares by […]
Govt hails improvement on land reform is a post from: GlobalBuzz SA
Pretoria – South Africa’s economic outlook remains modest, says the Reserve Bank in its Monetary Policy Review (MPR). “The economic outlook for South Africa remains modest with a gradual recovery in domestic demand and supply expected, barring further international turbulence,” said the central bank as it released the MPR on Tuesday. In the review that […]
SA economic outlook modest is a post from: TheBizSense Network
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…]
Yukio Edano
Pretoria – Trade and Industry Minister Rob Davies is in Japan on an official visit to promote trade and investment ties between the two countries. [Read more…]
Cape Town – With the uncertainty over supply of oil from Iran, South Africa is looking to Nigeria to purchase its oil, the Deputy President Kgalema Motlanthe said, following the signing of a Memorandum of Agreement with the Vice President of Nigeria, Namadi Sambo, on Wednesday. South Africa may be forced to comply with a […]
SA will look to Nigeria for oil is a post from: GlobalBuzz SA
Pretoria – The European Union (EU) is still South Africa’s largest trade bloc, with the composition of exports to the EU becoming more diverse, the…
GlobalBuzz-SA – Business News
Pretoria – The methods used to calculate the Consumer Price Index (CPI) and the Producer Price Index (PPI) are to be reviewed, Minister in the Presidency for National Planning Trevor Manuel said on Tuesday. [Read more…]
Manufacturing Sector
Cape Town – The manufacturing sector is to get a R5.75 billion injection over six years from the Department of Trade and Industry to help factories become more competitive in the increasingly difficult global economic environment. [Read more…]
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Public comment sought on capital gains taxes
Pretoria – National Treasury has released for public comment proposals related to how increased capital gains tax rates will be applied to long-term…
GlobalBuzz-SA – Business News