Petrol price to decrease by 55 cents

Pretoria – The petrol price is to come down by 55 cents a litre, the Energy Department said on Friday. The price of 0.05% sulphur diesel and that of… GlobalBuzz-SA – Business News

Vehicles sales surge in May

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...

Govt hails improvement on land reform

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...

SA economic outlook modest

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...

SA to become locomotives builder

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...