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News24Wire

SA a frontrunner to $2.7bn Gulf investment

19th November 2015 South Africa is the second most preferred investment destination by Gulf companies, which have invested as much as $2.7-billion into sub-Saharan Africa during the first half of the current year. Companies from the Gulf region, whose investments into the region surged to $9.2-billion between 2005... 

KZN farmers hardest hit by drought

19th November 2015 The KwaZulu-Natal farming community has thus far been the hardest hit during the national drought crisis, the provincial cabinet said. It was announced on Wednesday that the preliminary assessment of the extent of damage to the province, especially to livestock and crops, stood at above... 

Skills authority told to bring Setas in line with objectives

19th November 2015 The National Skills Authority (NSA) was told to “concentrate” and bring the country's Sector Education and Training Authorities (Setas) in line with its objective of getting people learning on the job in critical skills. In an awkward briefing to Parliament's education committee, representatives... 

SAA cuts 484 jobs to stabilise turbulent finances

18th November 2015 South African Airways (SAA) has reduced its headcount by 484 staff as the airline works to stabilise its turbulent finances. New acting CEO Musa Zwane told parliament on Wednesday that by freezing all non-critical positions, SAA managed to reduce the headcount from 8 747 to 8 263. 

Disgruntled staff SAA's top priority, says new boss Musa Zwane

18th November 2015 The freshly appointed South African Airways (SAA) acting CEO has spoken his first words in the new role. Musa Zwane, the seventh permanent or acting CEO at SAA in less than four years, told the standing committee on finance in Parliament on Wednesday that SAA needs to engage with all disgruntled... 

Did Gauteng violate Sanral Act with e-tolls payment?

18th November 2015 Gauteng’s allocation of R123-million to help fund the gap needed for the new e-tolls dispensation could be in direct contravention with the Sanral Act, the anti-toll group said on Tuesday. The act states that there could be no cross subsidisation between tolled and non-tolled funding and... 

Zuma happy with Dutch economic ties

18th November 2015 Dutch Prime Minister Mark Rutte's trade mission to South Africa has continued to strengthen the solid partnership between the two countries since 1994, according to the Presidency. Rutte's official visit to SA follows an invitation by President Jacob Zuma when they met at the World Economic Forum... 

Davies tables investment Bill, says it won’t dent SA

17th November 2015 Amid criticism from opposition parties, the Promotion and Protection of Investments Bill was tabled in the National Assembly in Cape Town on Tuesday. The Bill that clarifies the protection an investor may expect in South Africa will not chase away foreign investors, said Trade and Industry... 

SA, US ink poultry deal

17th November 2015 Trade and Industry Minister Dr Rob Davies expects key negotiations over agricultural exports with the US to be completed "well before" the expiry deadline. Briefing media in Parliament on Tuesday, Davies said South Africa was a step closer to keeping its African Growth and Opportunties Act (AGOA)... 

Gauteng allocates R123m for e-tolls in 2015

17th November 2015 Gauteng will spend R123-million in 2015 to subsidise an e-toll fees gap which occurred as a result of the reduced user charge dispensation, it announced on Tuesday. Finance and e-Government MEC Barbara Creecy announced this during her mini budget speech for Gauteng. 

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