Tourism to boost Economy
Pretoria – The National Tourism Sector Strategy (NTSS) seeks to increase tourism’s total direct and indirect contribution to the economy to R499 billion by 2020 said Tourism Deputy Minister Tokozile Xasa. [Read more…]
Work harder for clean audits
December 14, 2011 By Leave a Comment
Auditor-General Terence Nombembe
Pretoria – Auditor-General Terence Nombembe has urged government departments to work hard towards achieving clean audits, saying sound financial management will go a long way in improving public confidence in state institutions. [Read more…]
GDP grows by 1.4 percent
November 30, 2011 By Leave a Comment
SA’s GDP grows by 1.4%
Pretoria – South Africa’s Gross Domestic Product (GDP) came in lower than expected, increasing by 1.4% in the third quarter of 2011. [Read more…]
Reserve Bank sounds warning
November 23, 2011 By Leave a Comment
South African Reserve Bank
Pretoria – The South African Reserve Bank views risks to the country’s inflation projections as being skewed slightly to the upside.
“Uncertainty regarding future developments in cost–push pressures and the exchange rate pose an upside risk to the outlook, which more than offsets the downside risks from possible contagion effects from the European crisis and associated slow growth,” said the bank in its Monetary Policy Review released on Tuesday. [Read more…]
SA challenges Moody views
November 20, 2011 By Leave a Comment
Moody Downgrade
Pretoria – The decision by bank rating agency Moody’s Investor service to downgrade the stability rating of South African banks from “stable” to “negative” demonstrated the “superficial” way in which world rating agencies tend to conduct their assessments, Deputy President Kgalema Motlanthe said. [Read more…]
Taxation amendments aim to assist economy
November 18, 2011 By Leave a Comment
Taxation Amendments
Pretoria – Adjustments to the country’s taxation bills currently before Parliament aim to help grow the South African economy, and will alleviate the burden on ordinary working citizens, says Finance Minister Pravin Gordhan. [Read more…]
Green Accord to create 300 000 jobs
November 18, 2011 By Leave a Comment
Renewable Energy
Cape Town – Government and its key partners, such as labour and business, have signed an all-comprehensive Accord geared to create 300 000 jobs in the next 10 years.
The Accord, signed by various ministers on Thursday in both Cape Town and Pretoria, is said to be one of the “most comprehensive social partnerships on the green economy anywhere in the world”. [Read more…]
Green Tax Dangers
November 16, 2011 By Leave a Comment
Green Tax Dangers
Cape Town – The Department of Trade and Industry has warned that South African exporters could lose billions of Rands if wealthy nations imposed tough tariffs on energy intensive imports from the developing world.
[Read more…]
SA open for business
November 15, 2011 By Leave a Comment
SA open for business
Pretoria – South Africa has enormous potential as an investment destination that offers promising opportunities in automotive components, aerospace, chemicals and agro-processing, says Trade and Investment Minister Rob Davies. [Read more…]
SA invests R3bn in UAE
November 14, 2011 By Leave a Comment
United Arab Emirates
Pretoria – South Africa has invested R3.33 billion in the United Arab Emirates (UAE) since 2003, making the country the 19th largest investor in the UAE.
Speaking at the SA-UAE Business Forum held in Dubai on Sunday, Trade and Industry Minister Dr Rob Davies said the largest investments were made in the financial services sector, followed by investments in the communications and pharmaceutical sectors. [Read more…]
