President Ramaphosa lauds Total discovery of gas condensate
Total’s discovery of the gas condensate off the coast of South Africa will have significant consequences for the country’s energy security and the development of the industry, says President Cyril Ramaphosa. On Thursday, Total announced that it had made a significant gas condensate discovery on the Brulpadda prospects, located... Read more
SA exporters urged to take advantage of German opportunities
South African exporters should take advantage of new initiatives introduced by Germany. South Africa’s Foreign Economic Representative in Germany, Jacob Moatshe, urged local companies to take advantage of new initiatives which the western European country has introduced for Africa. The initiatives are geared towards stimulating business, trade and economic... Read more
SONA 2019 budget cut by 47% amid economic conditions
Speaker of the National Assembly Baleka Mbete says the budget for next week’s State of the Nation Address (SONA) has been cut by 47% as Parliament remains committed to cutting costs. Mbete said this when the Presiding Officers of Parliament briefed the media at the National Assembly on the... Read more
Efforts to boost investment in SA
A roundtable on the margins of the upcoming annual Investing in the African Mining Indaba is set to boost South Africa’s investment potential. The Departments of Trade and Industry, Mineral Resources and Brand South Africa will host an investment roundtable on the margins of the annual indaba as part... Read more
Business insolvencies to increase by +2% in 2019
South Africa’s increase is in line with global insolvencies, which confirmed their upward trend from 2017 after seven consecutive years of sizable declines.  Indeed, Euler Herme’s Global Insolvency Index which covers 43 countries totaling 83% of global GDP is to post a +10% y/y increase for 2018. Overall, we... Read more
ILO report calls for human-centred future of work
The International Labour Organisation (ILO) Global Commission has called for a human-centred agenda for a decent future of work. The call is contained in the commission’s report released on Tuesday. The release of the report serves as a precursor for the annual meetings of the World Economic Forum (WEF),... Read more
Business services industry key to job creation
The Business Process Services (BPS) industry offers South Africa the largest job creation potential across all service sectors, says Trade and Industry Minister Rob Davies. Launching the revised Global Business Services (GBS) Incentive in London, United Kingdom recently, Davies said the industry has been stimulating economic growth and it... Read more
Dti welcomes judgment on interest rate regulations
Trade and Industry Minister Rob Davies has welcomed the Supreme Court of Appeal’s decision to dismiss the application of Micro Finance South Africa (MFSA) challenging the regulations reducing the interest rate on short-term loans. In 2016, MFSA challenged the regulations in the High Court, which were introduced by the... Read more
McKinsey shows Africa is the world’s next big growth market
A new book by McKinsey confirms that Africa is poised for economic acceleration, akin to the Asian boom. While other geographies are seeing incremental growth, global companies that get in early and join the African champions shaping the right strategies, can sustain double-digit profit growth over the next few decades.... Read more
Trade, Industry Committee adopts copyright bills
Parliament’s Portfolio Committee on Trade and Industry has adopted reports on the Copyright Amendment Bill and the Performers Protection Amendment Bill which seek to establish and protect the rights of creators and copyright owners. “The copyright legislation seeks to establish and protect the rights of creators and copyright owners... Read more