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African News Agency

Numsa plastic sector workers to strike over wages

15th October 2018 Thousands of National Union of Metalworkers of South Africa are expected to strike in more than 450 companies in the plastic sector on Monday over wages and benefits, the union said. Numsa said these workers had, until 2016, enjoyed the same rights and benefits as those in engineering, but the... 

Renewable energy sector could provide jobs boost to SA

15th October 2018 The renewable energy sector could provide an unexpected but much-needed jobs boost to South Africa’s employment levels, as the sector continues to mature, solar enery company SOLA Future Energy said on Monday. SOLA Future Energy is the company that replaced Robben Island’s diesel-powered... 

Reconstruction of Clanwilliam Dam in WCape to create thousands of jobs

12th October 2018 The construction of the Clanwilliam Dam in the Cederberg district in the Western Cape is envisaged to create more than 4,000 job opportunities, according to the department of water and sanitation. In a statement on Friday,  the department said: “A new-look Clanwilliam Dam is envisaged to create... 

August manufacturing production gains 1.3% on food and beverages

11th October 2018 Manufacturing production for August came in far better than the purchasing managers' index (PMI) for the same month had suggested, expanding 1.3% year-on-year from 2.8% in July. Statistics South Africa reported on Tuesday that manufacturing production increased by 1.3% in August 2018 compared... 

Funding to sustain road network insufficient – Sanral

11th October 2018 The total estimated funding requirements to sustain South Africa's road network, including addressing backlogs in surfacing and capacity expansion, is nearly R120-billion, and the country's fuel levy provides insufficient funding, the CEO of the national roads agency has said. In remarks at a... 

Govt, fuels industry mull alternative pricing framework for petrol

11th October 2018 Government was considering capping the price of 93 unleaded petrol, Energy Minister Jeff Radebe said on Thursday. Radebe, who joined his communications counterpart, Nomvula Mokonyane, during the post-cabinet media briefing, said they were consulting the industry on the proposal. 

Political, economic uncertainty and perception of corruption cloud sentiment on SA – PwC

11th October 2018 Recent political and economic uncertainty, including the perception of corruption, have clouded investor sentiment in South Africa, auditing firm PricewaterhouseCoopers (PwC) said on Thursday. A PwC report said trade openness and the efficiency of government regulation were among the most... 

IMF warns African countries against spiraling levels of public debt

11th October 2018 The International Monetary Fund (IMF) on Wednesday warned African countries that their increasing indebtedness and failure to service their public debts was creating poverty for its citizens. Montfort Mlachila, senior resident representative for IMF in South Africa, said that countries like... 

Policy certainty key to business confidence – Sacci

10th October 2018 Market and economic developments continue to have adverse effects on the activities of companies in South Africa, despite an uptick in a key business confidence index (BCI) in September, a survey showed on Wednesday. The South African Chamber of Commerce and Industry's (Sacci) BCI, comprising of... 

UK expresses faith in South Africa's economy, backs Ramaphosa's stimulus package

9th October 2018 The United Kingdom's trade commissioner for Africa, Emma Wade-Smith, said on Tuesday that the UK had full confidence in South Africa's "stimulus package" and was more likely to continue to invest in South Africa despite the country's troubled economy going through a technical recession. President... 

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