Rob Davies
Pretoria – Broad-Based Black Economy Empowerment (B-BBEE) will continue to be regarded as an imperative in South Africa, says Trade and Industry Minister Rob Davies. [Read more…]
Dti encourages China
October 25, 2012 By Leave a Comment
South Africa and China
Pretoria – Trade and Industry Director General Lionel October on Thursday encouraged Chinese companies to invest in South Africa.
China has invested significantly in Africa with Chinese manufacturer First Automobile Works investing $100 million to build a vehicle and truck assembly plant in Coega, South Africa. The project to date has produced 1000 jobs. [Read more…]
Tax revenue grows
October 22, 2012 By Leave a Comment
South African Revenue Service
Cape Town – Tax revenue grew by R68.5 billion in the last financial year – to total R742.6 billion – R3.9 billion more than forecast by the Minister of Finance Pravin Gordhan when he presented his 2012 Budget in February, the South African Revenue Service (Sars) said on Monday. [Read more…]
TFR to transport hematite
October 17, 2012 By Leave a Comment
Hematite
Pretoria – The first train service to transport hematite products from Swaziland to South Africa’s Richards Bay will begin in November and is also expected to stimulate job creation, said Transnet Freight Rail (TFR). [Read more…]
Business mission to Cameroon, Gabon
September 30, 2012 By Leave a Comment
Elizabeth Thabethe
Pretoria – The Deputy Minister of Trade and Industry Elizabeth Thabethe is expected to lead a business delegation on a sector-specific business mission to Cameroon and Gabon on Sunday. [Read more…]
SA, Czech boost economic relations
September 26, 2012 By Leave a Comment
Pretoria – South Africa and the Czech Republic have recommitted themselves to further enhance trade and economic relations despite the current financial economic crisis negatively affecting many countries. [Read more…]
Denel, Airbus sign a new agreement
September 18, 2012 By 1 Comment
A400M
Pretoria – Denel and Airbus Military have signed a new agreement with revised terms for manufacturing aircraft components on the A400M, in a development that will contribute significantly to the financial turnaround of the South African company. [Read more…]
Praise for Malaysian SME plan
September 17, 2012 By Leave a Comment
Malaysia SME
Johannesburg – Delegates from around the world attending a small business conference held in the city praised a long-term plan by the Malaysian government to assist small businesses, with members from South African business associations holding up the plan as a model that the country could learn from. [Read more…]
Current account deficit widens
September 11, 2012 By Leave a Comment
Pretoria – South Africa’s current account deficit widened to 6.4% of gross domestic product, its biggest since 2008, said the Reserve Bank.
Account Deficit
“With South Africa’s terms of trade also registering a modest further deterioration, the deficit on the current account of the balance of payments widened to 6.4% of gross domestic product, the highest deficit ratio since the third quarter of 2008,” said the Reserve Bank in its September Quarterly Bulletin released on Tuesday. [Read more…]
A strong brick for SA’s development
September 11, 2012 By 1 Comment
Nkoana-Mashabane
Johannesburg – South Africa’s BRICS membership remains crucial for the country’s economic development and that of the continent, International Relations and Cooperation Minister Maite Nkoana-Mashabane said on Tuesday. [Read more…]
