Archive | Government

Maluti-a-Phofung SEZ launched

President Jacob Zuma on Tuesday launched the much anticipated Maluti-a-Phofung Special Economic Zone (MAP-SEZ) demonstrating government’s promotion of industrial development. “This launch and the development of the Maluti-a-Phofung SEZ demonstrates our promotion of industrial development which is key to the nation’s long-term economic success and prosperity,” said President Zuma. He said South Africa wants to […]

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Historically disadvantaged universities get R2.5b funding

Higher Education and Training Minister Blade Nzimande has announced major new investment in university infrastructure, which will see government spending R7 billion on a range of projects countrywide. Making the announcement on Wednesday, Minister Nzimande said the investment will be spent over the next two years on new student housing, laboratories, communications technology, and other […]

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SACAP drives transformation through RPL programme

The South African Council for the Architectural Profession (SACAP) is about to unveil an online platform that will launch its Recognition of Prior Learning (RPL) programme, a key transformation driver of the fourth term council’s plan that aims to realise economic redress within the profession and the broader built environment. SACAP president, Yashaen Luckan said […]

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Black business laments S&P downgrade

Following the announcement by Standard & Poor Global Ratings Agency to downgrade South Africa to sub-investment grade, the Black Business Council (BBC) believes that this is a  questionable and a bad judgment by the agency. This comes on the back of S&P’s pronouncement that in their opinion the executive changes undertaken by President Zuma have […]

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Peter Moyo new Old Mutual Emerging Markets CEO

Old Mutual plc has announced the appointment of Peter Moyo as chief executive officer of Old Mutual Emerging Markets (OMEM). The company said Myo will take up his new position on 1 June 2017. Moyo has deep financial services experience, having been CEO of Alexander Forbes from 2005 to 2008 and prior to that Deputy […]

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W Cape to help improve business skills

The Western Cape Department of Economic Development and Tourism says it would train about 1 000 entrepreneurs to improve their business skills. This was announced by the MEC for Economic Development and Tourism, Alan Winde, when he delivered his Budget Speech in the Western Cape legislature on Wednesday. “Through our Emerging Business Support Programmes, 2 […]

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WRC launches world’s first ’mine water atlas’

The Water Research Commission (WRC) today set the trend as world leaders with the launch of the world’s first ’mine water atlas’ in partnership with consulting firm Golder Associates. The event was also part of the World Water Day Celebrations that saw the global Launch of the UN World Water Development Report 2017: “Wastewater: The […]

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Public buildings to be converted in aim to unlock economic potential

The Gauteng provincial government wants to convert some of its public buildings, including schools, clinics and hospitals into centres of economic activity; saying this could unlock R42 billion in value and create 190 000 jobs. Infrastructure Development MEC Jacob Mamabolo said they wanted to unlock the economic potential of these assets through working with the private […]

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Posted in Government, Infrastructure0 Comments

Black Industrialists Programme to be fast-tracked by Government

Trade and Industry Minister Rob Davies says government plans to accelerate the creation of black industrialists with an aim of creating 100 black industrialists by the end of the coming financial year. The Minister said this when the Economic Sectors, Employment and Economic Infrastructure Development Cluster briefed the media, on Tuesday, on the implementation of […]

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Posted in B-BBEE, Government0 Comments

New perspective on economic transformation needed, Minister Pravin Gordhan

South Africa needs a new perspective on economic transformation, Finance Minister Pravin Gordhan said on Wednesday. “To achieve sustained higher growth, there are also more fundamental, more radical transformation measures that are needed. These relate, in particular, to economic power,” said Minister Gordhan, who tabled the 2017 Budget in Parliament. He said the relationships between […]

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