Wednesday, 31 August 2016 14:38

Sod turning ceremony to mark R11bn investment

The Coega Development Corporation (CDC) on Tuesday hosted a sod turning ceremony to mark the R11 billion investment by the Beijing Automobile International Corporation (BAIC) at the Coega Industrial Development Zone.

Ratings agency Standard and Poor’s will today make its decision public on South Africa’s credit rating.

According to Instinctif Partners, the rapid acceleration in the depreciation of the South African exchange rate in December 2015 has widely been seen as evidence of South Africa’s poor macro policy and ultimately a reflection of worsened foreign investor sentiment following the controversial changes at the National Treasury.

Last year was a mediocre one for South Africa: the JSE ALSI ended 2015 only 5.13% up over the 12 months and GDP growth was well south of 2% for the full year.

A country renowned for breaking world records, this is one we do not want.

President Zuma surprised markets on Wednesday evening by recalling South Africa’s well-respected Finance Minister, Nhlanhla Nene, and appointing David van Rooyen, an ANC veteran, as the head of National Treasury.  

Given the threat of both an energy and water crisis, President Jacob Zuma has encouraged the private sector to “go green”, with government now looking to increase the energy efficiency incentives on offer. 

Friday, 13 February 2015 17:13

Government caps foreign land ownership

The annual State of the Nation Address (SONA) in South Africa is an event that is closely watched in the hope of it offering a clear indication on policy direction.

Gauteng roads and transport department is looking for investment partners for its plan to build an aerotropolis at OR Tambo International Airport. 

The official opening of the Department of Environmental Affairs' new head office a 6 Green Star SA Office Design rated building in Pretoria.

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