Have your say on financial law bill
National Treasury has published the Financial Sector Laws Amendment Bill, which will strengthen the Reserve Bank to manage the orderly resolution or winding down of a failing financial institution for public consultation. Treasury published the Bill for public comment on Tuesday after its approval by Cabinet. “The amendments will... Read more
Bold plans to ignite SA’s economic revival
President Cyril Ramaphosa on Friday announced the details of an economic stimulus and recovery plan, adopted by Cabinet, which is set to amongst others, ignite growth in the South African economy, boost much needed job creation and restore investor confidence. The ambitious and bold measures, which in the main... Read more
Presidential envoy happy with investment mission to Japan
Presidential investment envoy Phumzile Langeni says she is satisfied with progress in the Department of Trade and Industry’s investment mission to Japan. “We are having fruitful engagements with government and the private sector, and they are both very open to us. The discussions are frank and constructive as we... Read more
Wait almost over for stimulus package details
President Cyril Ramaphosa is on Friday expected to deliver the much-anticipated stimulus package aimed at uplifting the country’s distressed economy. The plan was deliberated and approved in this week’s Cabinet meeting. The planned stimulus package proposes measures to reignite the country’s economy from a number of related portfolios, Communications... Read more
Russia a major destination for SA fresh produce exports
Russia continues to be an important market for South African fresh produce, says the Fresh Produce Exporters’ Forum (FPEF). “Russia continues to be an important market for us, as 10% out of 2.7 million tons of fresh fruit exported from South Africa goes to Russia,” said the forum’s CEO,... Read more
SA, Saudi Arabia solidify bilateral relations
International Relations and Cooperation Minister Lindiwe Sisulu and her Saudi Arabia counterpart have reaffirmed the importance of the two states solidifying already strong bilateral relations in all fields. Ahmed bin Abdulaziz Kattan, Saudi Arabia’s Minister of State for African Affairs, and Sisulu reached the agreement during a meeting held... Read more
Lifestyle audits to strengthen financial disclosures, fight corruption
President Cyril Ramaphosa says lifestyle audits will strengthen the system of financial disclosures by Ministers and civil servants and also contribute greatly in the fight against corruption. He said this when he responded to oral questions in the National Council of Provinces on Tuesday. The President’s remarks come after... Read more
SA likely to exit technical recession in 3rd quarter
South Africa is likely to exit its technical recession in the third quarter, the Bureau of Economic Research (BER) said on Tuesday. “In terms of our forecast, I think that we will exit the recession in the third quarter,“ said senior economist at the BER, Hugo Pienaar. Gross domestic product... Read more
South Africa, China lift ties to a new level
South Africa and China have entered into several agreements that will enable economic growth and educational opportunities, the Presidency said on Monday. One agreement signed during the state visit by President Cyril Ramaphosa – on investment and trade promotion between the two countries – carries a monetary value of... Read more
SA companies hopeful of trade opportunities in Peru
Finding investors and exploring trade opportunities are the prime objectives of South African businesses who are participating in the Department of Trade and Industry’s (dti) Outward Selling Mission to Peru. The mission kicks off today in Lima. “Our objective is to find businesspeople who can invest in our company,... Read more