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
Parliament approves Division of Revenue Amendment Bill
The National Assembly on Tuesday approved the Division of Revenue Amendment Bill, which will adjust the equitable share among the three spheres of government. The bill, which Finance Minister Tito Mboweni tabled when he presented his maiden Medium Term Budget Policy Statement (MTBPS) last month, also changes the specific... Read more
SA organisations take part in Chinese import expo
A total of 27 South African organisations are hoping to clinch trade deals at the China International Import Expo (CIIE) this week. The organisations, from agro-processing, footwear and leather, engineering, petrochemicals, railway components, defense, and information and communication technology sectors, will take part in a number of platforms to... Read more
SA positions itself to attract investment
President Cyril Ramaphosa says government has prioritised several key reforms aimed at attracting investment into minerals and petroleum exploration, tourism and agriculture. The President said this during a question and answer session in the National Assembly on Tuesday. ANC MP Bhekizizwe Radebe had asked the President what government would... Read more
SA investment climate is improving
Foreign investment, if targeted and nurtured, can drive economic growth and in turn contribute to much-needed job creation and economic inclusion for all, says Trade and Industry Minister Rob Davies. The Minister was addressing the South African Investment Seminar on the margins of the first China International Import Expo... Read more
German investment aids SA renewal efforts
President Cyril Ramaphosa has commended German investors for their continued investment in the country, while also assuring them that concerns will be attended to as a matter of urgency. “President Cyril Ramaphosa has commended German investors for their continued engagement with South Africa. There are around 600 German companies... Read more
Investment Conference bags R290 billion for SA
The inaugural South Africa Investment Conference has secured nearly R290 billion worth of investment announcements for the country. “This R290 billion is what we have now in our hands and these are in addition to the R400 billion which were received during the investment drive by the special envoys... Read more
Govt welcomes audit results
Government has welcomed the 2017/18 financial year audit results of various departments, tabled in Parliament last week. The audit reports of the Audior General contribute to a culture of public sector accountability and this makes a difference in the lives of South African citizens. Over the past few years,... Read more
Petrol prices: Consumers in for a shock at petrol pumps
Consumers are in for a shock at the pumps – as the petrol price is set to rise by between 99 cents and a Rand as of Wednesday. The Department of Energy (DoE) on Monday announced that a litre of petrol 93 (ULP and LRP) will rise by 99 cents... Read more