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Benefit from economic pact with EU
South Africa stands to benefit from the Economic Partnership Agreement (EPA) that the Southern African Development Community (SADC) countries have negotiated with the European Union (EU), says Trade and Industry Minister Dr Rob Davies. “What we have obtained in this...
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Eskom net profit rises
Electricity parastatal, Eskom, on Friday reported a net profit of R7.1 billion for the year ended 31 March 2014 - up from R5.2 billion in the previous year. The utility reported a R2.1 billion gain on derivatives. The surplus will be reinvested in the company in full,...
Automotive sector moves up a gear
President Jacob Zuma is expected to launch the First Automotive Works (FAW) South Africa assembly plant in the Eastern Cape on Thursday. Industrial Development Zone The R600-million truck assembly plant is based in the Coega Industrial Development Zone at the Nelson...
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