The recently launched Industrial Development Zone in Saldanha Bay, a harbour town situated on the south-western coast of South Africa, is already drawing investment interest. In a statement on Thursday, Alan Winde, the Western Cape’s Minister of Finance, Economic...
South Africa’s Reserve Bank is set to invest in currencies such as the Korean Won, Australian Dollar and the New Zealand Dollar. “The bank has also taken steps to invest in new currencies. [It] will be diversifying into currencies such as the Korean Won, Australian...
Transnet’s credit rating has been upgraded to ‘BBB’, with the upgrade affirming the state utility’s ability to raise funds without a government guarantee. The state owned ports and rail operator’s credit rating was upgraded by two notches from a previous...
Economic Development Minister Ebrahim Patel has welcomed the judgement of the North Gauteng High Court to dismiss an application to interdict the implementation of government’s new scrap metal export regulations. The new regulations came into effect on 16 September....
French and South African companies have been encouraged to work together to ensure the industrialisation of South Africa and the African continent. Speaking at a business forum on the sidelines of the state visit by French President Francois Hollande to South Africa,...
