SA is “more than ready” for the Fifa World Cup tournament, President Jacob Zuma said. Zuma was speaking at the opening of the newly constructed Central Terminal Building at OR Tambo International Airport. A transport action plan was developed in 2005 in preparation for the World Cup, as part of which R20bn was put into […]
Category: business
Tourism Minister Van Schalkwyk leads the way to Zimbabwe
Tourism Minister Marthinus van Schalkwyk ’s trip to Zimbabwe this week, where he will conclude a tourism accord with his Zimbabwean counterpart Walter Mzembi, signals a clear change in sentiment towards that country. After years on the sidelines, the trip reflects a new optimism among hotel operators who believe that it is time to re-enter […]
“A new way to exploit Africa” – Angelo Paoluzzi
An interesting feature was published today in Italian daily newspaper ‘Europa’. “Un nuovo modo di sfruttare l’Africa“ (A new way to exploit Africa), is the headline of the feature written by Angelo Paoluzzi who focus on the different exploitation of the past century and today’s ways of using Africans lands. Many western and eastern corporations […]
IMF warns Zimbabwe on arrears
International Monetary Fund (IMF) financing to Zimbabwe remained subject to the clearing of arrears and further reforms in the fragile economy, the fund said. Zimbabwe’s economy has stabilised following a 10-year slump after the unity government formed by rivals President Robert Mugabe and Prime Minister Morgan Tsvangirai last year adopted the use of multiple foreign […]
Zambian economy strengthens
Zambia’s currency might gain 18% and stocks of Africa’s biggest copper producer were likely to rally 15% this year as the nation’s economy and earnings improved, Renaissance Capital (Rencap) said yesterday. The Lusaka Stock Exchange all share index might climb to 3200 by the end of the year, up from 2794,89 at the end of […]
South Africa: IDC, Kores work together
The Industrial Development Corporation (IDC) yesterday (23 March) signed a memorandum of understanding with the Korea Resources Corporation (Kores) for strategic co-operation in the field of mineral resources. Kores is a state-financed institution and a representative mining company of South Korea. The IDC said the objective of the agreement was to establish a strategic alliance […]
Comparing development
This little list just show how different development is between Kenya and the UK.
Finnish investors eye Nigeria's energy sector
INVESTORS from the Republic of Finland are to invest in the energy sector in Nigeria, as part of efforts to assist the country boost its power base and jumpstart industrialisation in the country, according to the Finnish Minister of Foreign Trade and Development, Paavo Vayrynen. Vayryne disclosed in Abuja yesterday that a trade delegation has […]
Euro economies dash SA hopes – busrep.co.za
Eurozone economies including Greece have put a dampener on early optimism about South Africa’s recovery, as Europe remains the country’s biggest trading partner, BoE Private Clients said on Wednesday. The featured appeared on busrep.co.za and it quotes Daryll Owen, chief investment officer for BoE Private Clients. “Currently there are clear stresses in the system, evidenced […]
Too few black and women Directors – BUSA
Blacks and women continue to be grossly under-represented in all directorships and top executive leadership positions in companies listed on the JSE. This is according to a survey by Business Unity SA (Busa) conducted on the demographic and age profile of the top management echelons of all 295 listed companies, which was conducted between April […]