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SA must bolster industrial base to weather economic crisis

Eurozone Crisis

Eurozone Crisis

Johannesburg – South Africa must strengthen the industrial arm of its economy if it is to successfully weather the fallout from the ominous Eurozone crisis, says Trade and Industry Director-General Lionel October. [Read more…]

Govt working with mining industry

Mining Industry

Mining Industry

Midrand – Government remains committed to working with the mining industry to enable it to achieve optimal returns on investment in a manner that will serve the best medium and long term interests of all South Africans. [Read more…]

SA to become locomotives builder

Transnet

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…]

Davies in Japan to boost trade relations

 

Yukio Edano

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…]

CPI methodology to be reviewed

Consumer Price Index

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…]

Boost to manufacturing sector

Manufacturing Sector

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…]

SA wont implement mining super tax

Mining South Africa

Mining South Africa

Cape Town – South Africa will not follow Australia in implementing a mining super tax, Mineral Resources Minister Susan Shabangu said on Thursday. [Read more…]

India, SA trade targets

India - South Africa Trade

India - South Africa Trade

Pretoria – South Africa and India are set to reach a target of 15 billion US dollars of trade before the agreed upon deadline of 2014, President Jacob Zuma stated. [Read more…]

Hope for BRICS Development Bank

BRICS - Development bank

BRICS - Development bank

Pretoria – South Africa says as host of the next BRICS summit next year, it has a duty to ensure that the grouping realises its dream of a Development Bank. [Read more…]

Brics ministers call on G20

World Investment Forum 2012

World Investment Forum 2012

Pretoria – Brics trade ministers have asked their counterparts in the G20 to strengthen coordination in promoting a rigorous response to the current economic uncertainties. [Read more…]