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African News Agency

Sluggish economy hurting young South Africans – Zuma

17th June 2015 Despite acquiring education, many young South Africans are struggling to secure employment, President Jacob Zuma said on Tuesday. “Our youth has responded positively to our promotion of education. They continue to flock to higher education institutions each year, seeking education. However,... 

Nene says SA tax processes are by necessity boring

15th June 2015 South Africa’s tax system is deeply consultative with major taxes taking many years to implement and minor changes allowing two opportunities during the budget cycle of a year before legislation is brought to parliament, according to Finance Minister Nhlanhla Nene. “Tax policy and tax legislation... 

Africa’s different languages halt ‘standardised’ tertiary education

12th June 2015 Africa’s different languages prevent the continent from having the same standard of higher education, said African Union commissioner on human resources, science and technology, Dr Martial De-Paul Ikounga. ”Language barrier is a big obstacle on our continent that we need to overcome, and this has... 

State has responsibility to help drive private sector growth – deputy finance minister

12th June 2015 Government must acknowledge that it has a responsibility to create an environment that drives private sector growth, especially since the bulk of employment is in the private sector. Speaking at the launch of the World Bank report Doing Business in South Africa 2015 on Friday, Deputy Finance... 

Mapisa-Nqakula warns against ill-discipline in the army

12th June 2015 Acts of ill-discipline amongst members of the SA National Defence Force will not be tolerated, Defence Minister Nosiviwe Mapisa-Nqakula said. “The military is a family unit, where in a war situation the duty to protect life doesn’t lie with you, but with your fellow soldier,” said Mapisa-Nqakula,... 

Infrastructure investment spending has quadrupled – Zuma

11th June 2015 Infrastructure investment spending in South Africa had increased and was being taken seriously as Africa was receiving a growing share of foreign direct investment, President Jacob Zuma said on Thursday. “Infrastructure investment spending has quadrupled, exports have increased and Africa is... 

Eskom to move to stage 2 load-shedding from 16:00

11th June 2015 Eskom has announced that it will move to Stage 2 load-shedding from 16:00 on Thursday. The power utility said the electricity blackouts were likely to continue until 22:00. 

New ministerial team to look at immigration regulations – SAfrican Cabinet

11th June 2015 A team of ministers are to be assembled to address concerns raised about new immigration regulations, including those relating to travelling with minors, a statement from the South African cabinet said on Thursday. In the media statement following President Jacob Zuma’s fortnightly meeting with... 

World Bank warns developing world of bumpy ride ahead

11th June 2015 The World Bank has warned that developing countries, “an engine of global growth following the financial crisis”, could expect a more bumpy ride in the year ahead. The Bank’s latest Global Economic Prospects report released this week predicted that growth in Sub-Saharan Africa would slow to 4.2%,... 

Continental free trade a reality – African Union commission

11th June 2015 The plan by African Union (AU) member states to establish a continental free trade area by 2017 was on track, the AU commission on trade and industry said on Wednesday. ”As you know, the free trade area will not be built from scratch, the regional economic communities provide the building blocs... 

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