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African News Agency

Africa key market for South African exports – Davies

12th December 2018 South African businesses should consider the continent an extremely important market, especially for trade in value added products, Trade and Industry Minister Dr Rob Davies has said. Launching the South African stand at the inaugural Intra-Africa Trade Fair (IATF) in Cairo, Egypt, Davies said... 

No more 'grand plans', fix what you have, Ramaphosa tells municipal delegates

11th December 2018 President Cyril Ramaphosa on Tuesday told representatives of local government to stop producing “grand plans for new projects” when existing infrastructure was lying in disrepair. Addressing the South African Local Government Agency (Salga) national member’s assembly at the Inkosi Albert Luthuli... 

SA employment down 0.2 pct in Q3 – statistics agency

11th December 2018 Employment in South Africa's formal non-agricultural sector fell by 0.2 percent or 16 000 jobs to 9.733-million in the third quarter compared with the previous three months, the national statistics agency said on Tuesday. The number however reflects a 0.2 percent or 17 000 increase over the same... 

KZN’s 'agricultural master plan' is key to transformation, says MEC

11th December 2018 KwaZulu-Natal’s MEC for agriculture and rural development, Themba Mthembu, on Tuesday reiterated that an “agricultural master plan” being developed would drive transformation and act as a foundation for development.   Mthembu made the remarks at an Agribusiness breakfast dialogue hosted by the... 

Cape Town MyCiti bus petrol bombed, driver seriously injured

11th December 2018 A MyCiti bus driver was seriously injured when the bus he was driving was petrol bombed in Roodebloem street, Woodstock, in Cape Town, on Monday night at about 22:00. The spokesperson for the city's fire department, Theo Layne, said a passenger was also injured, but was not in a critical... 

National Treasury introduces Bill to govern conduct of financial institutions

11th December 2018 The National Treasury on Tuesday announced the publication of a bill that aims to strengthen the regulation of how the financial services industry treats consumers. The Conduct of Financial Institutions (COFI) Bill is a follow up to the Financial Sector Regulation (FSR) Act of 2017, which... 

No load shedding scheduled for Tuesday but risk remains high, says Eskom

11th December 2018 Power utility Eskom said on Tuesday that it will not implement Stage 1 rotational load shedding from 9am as usual, but warned that the electricity system remains tight and the risk of load shedding still remained high should power station units fail to return as planned. Eskom had said on Monday... 

Rooibos tea enjoys a rosy outlook from international markets

10th December 2018 Rooibos, which is exclusively farmed in the Cederberg and Sandveld areas of the Western Cape, is fast becoming one of the most attractive agricultural products to invest in, the South African Rooibos Council (SARC) said on Monday. The SARC said that South Africa holds a competitive advantage in a... 

Eskom says no load shedding scheduled for Monday, but risk remains high

10th December 2018 Power utility Eskom said on Monday that it will not implement Stage 1 rotational load shedding from 9am as usual, but warned that the electricity system remains tight and the risk of load shedding still remained high should power station units fail to return as planned. The troubled power utility... 

National minimum wage of R20 an hour to take effect on Jan 1

7th December 2018 The national minimum wage will kick in on January 1, meaning no South African worker will earn less than R20 an hour in the new year, President Cyril Ramaphosa announced on Friday. "We are here to declare that from 1 January 2019 the national minimum wage shall be introduced. No worker in South... 

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