R1.2bn Reserve Bank losses

R1.2bn Reserve Bank losses

Pretoria – The South African Reserve Bank reported a R1.2 billion after-tax loss in the year ended March 2011, it said in its Annual Report. According to the document, capital flows to many emerging markets in the final quarter of 2010 and early 2011 with a...

Call to invest in maritime industry

Cape Town – Lack of investment in the maritime sector could undermine the benefits of South Africa’s recent joining of the Brazil, Russia, India and China trading block. The warning was sounded by the South African Maritime Safety Authority (Samsa) chief...
Davies maps route for free trade area

Davies maps route for free trade area

Cape Town – The first phase of setting up a free trade area across 26 countries in Africa is expected to come into effect in three years, Trade and Industry Minister Rob Davies said on Monday. Briefing the media in Parliament, following Sunday’s meeting in Sandton to...
Entrepreneurs must seize the initiative

Entrepreneurs must seize the initiative

East London – Aspirant young Eastern Cape entrepreneurs have been encouraged to take advantage of various government initiatives being offered to assist them. Speaking at a recent summit organised by the Department of Trade and Industry (Dti) and the Buffalo...

SA, UK commit to increasing trade

Pretoria – South Africa and the United Kingdom have recommitted to the target of doubling bilateral trade between the two countries by 2015. Following the 9th SA-UK Bilateral Forum, where the South African delegation was led by  International Relations Minister...