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ECDC loan turns around business
ECDC loan turns around the fortunes of a local business. An R800 000 Eastern Cape Development Corporation (ECDC) loan has helped to turn around the fortunes of a local filling station. The Mtembu family’s Caltex filing station in Ulundi has in less than two years...
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Saldanha Bay attracts investment
The recently launched Industrial Development Zone in Saldanha Bay, a harbour town situated on the south-western coast of South Africa, is already drawing investment interest. In a statement on Thursday, Alan Winde, the Western Cape’s Minister of Finance, Economic...
SA to diversify reserves
South Africa’s Reserve Bank is set to invest in currencies such as the Korean Won, Australian Dollar and the New Zealand Dollar. “The bank has also taken steps to invest in new currencies. [It] will be diversifying into currencies such as the Korean Won, Australian...
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Regulations for tax free savings
The final notice and regulations that allow for the introduction of Tax Free Savings and Investment Accounts (TFSAs) have been approved by Finance Minister Nhlanhla Nene. This will come into effect from 1 March 2015, the start of the new tax year. The incentive, said...