South African Airways
Pretoria – Public Enterprises Minister Malusi Gigaba has appointed South African Airways (SAA) executive chairperson Vuyisile Kona as the airline’s acting CEO. [Read more…]
GDP expected to come in lower than 2%
November 27, 2012 By Leave a Comment
South Africa Mining Industry
Pretoria – The Gross Domestic Product for the third quarter is expected to come in lower than the growth seen in the second quarter, largely due to recent industrial action in the mining sector. [Read more…]
Cuba economic assistance package
November 8, 2012 By Leave a Comment
Pretoria – Minister of Trade and Industry Rob Davies met with the Vice-President of the Cuban National Institute of Water Resources, Aymee Aguirre Hernanddez, in Cuba, to discuss implementation of the Economic Assistance Package that South Africa is providing to that country. [Read more…]
B-BBEE an imperative for SA
October 29, 2012 By Leave a Comment
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…]
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…]
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…]
SA, Botswana sign trade agreement
September 3, 2012 By Leave a Comment
Botswana
South Africa and Botswana have signed a memorandum of understanding to promote trade and investment between the two countries and create opportunities for industrialisation and the manufacturing sectors. [Read more…]
