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Petrol price to rise by 45 cents a litre – SA energy department

28th October 2016 The retail price of petrol will go up by 45 cents a litre for both 93 octane and 95 octane on Wednesday, November 2, South Africa’s energy department announced on Friday. Diesel rises by 63 cents a litre, while the wholesale price of illuminating paraffin increases by 57 cents a litre, the... 

Avoid junk status at all costs, says South African Chief Justice

28th October 2016 South Africa was facing trying times and needed its citizens to unite and work together to avoid the country being downgraded to junk status by rating agencies, Chief Justice Mogoeng Mogoeng said as he delivered the annual Oliver Tambo Memorial Lecture in Johannesburg. “The economy of South... 

Preferential trade area between Sacu, Mercosur now in force

27th October 2016 The Preferential Trade Agreement (PTA) between the Common Market of the South America (Mercosur) and the Southern African Customs Union (Sacu) has come into force, the Department of Trade and Industry (DTI) said on Friday. Sidwell Medupe, DTI spokesperson said in a statement: “South Africa has... 

20 cruise liners to dock in South African ports over the next six months

27th October 2016 At least 20 cruise vessels, including the Queen Mary 2 and the Queen Elizabeth, are set to dock in South Africa’s ports in the next six months. Transnet National Ports Authority spokeswoman Lunga Ngcobo said in a statement release on Wednesday that the first cruise liner to dock will be the MSC... 

R500m allocated to drought relief

26th October 2016 More than half a billion rand would be allocated to drought relief measures, Finance Minister Pravin Gordhan revealed when he tabled the medium-term budget policy statement (MTBPS) in Parliament on Wednesday. “The 2016 adjusted estimates of national expenditure allocates a further R553.3-million... 

Sub-Saharan Africa making progress in closing gender gap – WEF

26th October 2016 Sub-Saharan Africa was progressing solidly in making gender equality a reality, but still faced key obstacles such as getting women out of low-skilled employment. Four nations from Sub-Saharan Africa – Rwanda (5), Burundi (12), Namibia (14) and South Africa (15) made it into the top 20 of the... 

Zuma confident that under Myeni & Co SAA will prosper

25th October 2016 President Jacob Zuma on Tuesday expressed confidence in the newly-appointed board of South African Airways (SAA), under the leadership of Dudu Myeni, to effect a turnaround at the cash-strapped State-owned airline. “The appointment of the board, including the chair, is for the interests of the... 

Chamber of Mines rejects criticism of SADC mining industry’s record

25th October 2016 The Chamber of Mines has rejected the view that the mining industry has had a purely negative impact on society in mineral-rich sub-Saharan Africa. Instead, the Chamber said that the industry had been the basis for economic development in South Africa and many other parts of the developing world. 

Liquidator retrenches all 5 000 workers at mothballed Botswana nickel miner

24th October 2016 All 5 000 employees of the moth-balled Botswana nickel miner Bamangwato Concession Limited (BCL) and its subsidiaries Tati Nickel Mining Company (TNMC) and BCL Investments will receive their last salaries in October 2016, the mine’s provisional liquidator has said. In a letter sent directly to... 

Botswana diamond miner announces four-month plant closure

21st October 2016 Contract miner Basil Read Mining Botswana (BRMD) has announced an immediate cessation of all mining operations at Lerala Diamond Mine (LDM), which is owned by Australian gem miner Kimberely Diamonds. BRMD, which was contracted to conduct mining operations on behalf of Kimberley Diamonds Limited... 

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