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SA on a hard sell at World Economic Forum

22nd January 2019 South Africa is on a hard sell strategy at the World Economic Forum (WEF) in Davos in Switzerland, eager to position itself as a primary emerging market allied to world-class infrastructure. President Cyril Ramaphosa will lead a strong team to the 2019 WEF annual meeting as South Africa aims to... 

Excise tax increases cost South Africa billions of rand in lost revenue – Econometrix

22nd January 2019 The drop in sales volumes of excise-paid tobacco products has resulted in a significant loss of revenue for the government as consumers move to cheaper illicit products, economic research house Econometrix said on Tuesday. Citing National Treasury data, Econometrix said income from tobacco excise... 

Ramaphosa arrives in Geneva for ILO report launch

22nd January 2019 President Cyril Ramaphosa arrived in  Geneva, Switzerland on Tuesday morning to launch the International Labour Organization’s (ILO's) Global Commission on the Future of Work Report, his spokesperson Khusela Diko said in a statement.  Ramaphosa and Swedish Prime Minister Stefan Löfven are... 

PIC inquiry appeals for information as probe gathers momentum

21st January 2019 The sittings of the judicial commission of inquiry into allegations of impropriety at the Public Investment Commission (PIC) kicked off in Pretoria on Monday. The chairperson of the inquiry, former president of the Supreme Court of Appeal, Justice Lex Mpati appealed to individuals to come forward... 

President Ramaphosa says Education Lekgotla will focus on improving basic education

21st January 2019 President Cyril Ramaphosa said on Monday that the Education Lekgotla in Boksburg will focus on improving basic education. He said the gathering would look at steps to be taken this year and beyond to make basic education a more effective and efficient platform for the creation of an... 

AGCO to take farm mechanisation into rural African communities

21st January 2019 Global agriculture company AGCO has launched an initiative to take farm mechanization deep into rural communities in Africa to facilitate food security and unlock the potential of small-scale farming. AGCO, a worldwide manufacturer and distributor of agricultural equipment, unveiled the Farm in a... 

SA has good policies but lacks implementation – Trade and Industry official

18th January 2019 South Africa has some of the best economic policies in the world but fails when it comes to implementing them, a senior government official said on Friday. The deputy director-general of special economic zones and economic transformation at the department of trade and industry Sipho Zikode also... 

Eskom faces coal supply shortfall, long term contracts coming to an end – manager

18th January 2019 State-owned electricity utility Eskom is grappling with a coal supply shortfall at several power stations with long term contracts coming to an end, a senior company executive has said. South Africa is also experiencing lack of new mining investments in large scale coal mines and execution of... 

Roads Agency Limpopo accepts CEO's resignation

18th January 2019 Provincial road infrastructure delivery parastatal Roads Agency Limpopo said on Friday it had accepted the resignation of CEO Maselaganye Matji with effect from March 31, for personal reasons. Matji was appointed on a five-year contract ending February 2020 after the agency was effectively... 

No pleasantries as KZN consumers challenge Eskom’s proposed tariff increase

18th January 2019 Instead of granting increases to Eskom’s “fat cats”, the state-owned energy supplier should be told to reclaim money stolen through corruption, representatives from the National Energy Regulator of South Africa (Nersa) were told on Thursday. “We propose a radical shift in how electricity is... 

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