South African investors demand 100 acres of land in Gwadar for Industrial zone under CPEC. South Africa Expanding Trade Links with China and Oman. 28 de marzo de 2017, 10:51 Pretoria, Mar 28 (Prensa Latina) South Africa has reportedly embarked on a roadshow in China to attract investment in Special Economic Zones (SEZs), while enhancing cooperation with Oman on trade.
Trade and Industry Minister Rob Davies oversaw the signing of a Memorandum of Understanding (MoU) between the Department of Trade and Industry (DTI) and the Bank of China on Monday, reports today SA News. After the signing ceremony in Johannesburg, Minister Davies said the move would bear immediate results when the roadshow to promote SEZs kicks off in May.
Through the MoU on strategic cooperation, the DTI and the Bank of China have agreed to cooperate on issues of investment promotion and facilitation, trade promotion and projects support. The bank will also mobilise international and domestic resources to promote investments for South Africa in its capacity as a commercial bank. At the same time, Minister Davies and his Omani counterpart, Dr. Mr. For his part, Dr. World - South Africa Introduces $260 Minimum Wage, Nigeria Struggles With $60 Per Month. 66 000 South Africans in top 1% of wealthiest. Johannesburg - About 66 000 South Africans are members of the top 1% of global wealth holders – and 45 000 are US dollar millionaires, according to the latest annual Credit Suisse Global Wealth Report, released this week.
Figures show local household wealth in South Africa grew exponentially before the 2008 global economic crisis from $8 400 (R119 161) in 2000 to $25 800 in 2007. “Recent drops in the exchange rate have resulted in wealth per adult continuing to be well below its 2007 peak in US dollar terms,” the report states. “Along with Brazil and Indonesia, South Africa has a distribution of wealth that is roughly similar to the distribution for the world as a whole, although a smaller fraction of individuals have wealth above $100 000,” Credit Suisse said. Lobby group for electric cars launched in South Africa. Lobby group for electric cars launched in South Africa A Tesla Motors mass-market Model 3 electric car is seen in this handout picture from Tesla Motors on March 31, 2016.
Image by: HANDOUT / REUTERS A consortium aimed at accelerating the development of electric cars‚ stimulate investor confidence in the sector and meet government’s commitments to reduce emissions‚ was launched in Johannesburg on Monday. Two Steve Jobs Schools opened in South Africa. 6 July 2016 The founder of Steve Jobs Schools (SJS), Dutch market researcher and entrepreneur Maurice de Hond, wants to use the creative philosophies that have made Apple one of the most innovative and successful companies in the world, to revolutionise the traditional method of classroom teaching through embracing technology to give students the freedom to learn at their own pace.
The Jobs philosophy on business, design and life revolved around self- actualisation, having the confidence to find and listen to your inner voice, and never settling, even when you had succeeded. De Hond believes these pillars, along with the advantages of technology, can help learners uncover their hidden potential and use it effectively in attaining success. The new South African schools, one in Sundowner, Randburg and the other in Ruimsig, Roodepoort, are the pilot programmes for the idea outside the 12 established schools in Holland. UPDATE 1-South Africa's trade balance swings to record surplus as commodities boost exports.
(Adds details, market reaction, background) JOHANNESBURG, June 30 (Reuters) - South Africa in May recorded its biggest monthly trade surplus since the revenue service introduced a revised series in 2010 to incorporate trade with neighbouring states, as firmer commodity prices boosted exports.
The data points to a narrowing in South Africa's longstanding current account deficit, which widened to 5 percent of GDP in the first quarter of the year, and has traditionally been a source of vulnerability for the rand. Exports rose 14 percent to 104.68 billion rand on a month-on-month basis, while imports were down 6.6 percent to 85.95 billion rand, the South African Revenue Service said in a statement. This resulted in a bigger-than-expected trade surplus of 18.73 billion rand ($1.3 billion) for May, compared with a revised 127 million rand shortfall in April. Analysts polled by Reuters had expected a trade surplus of 3.1 billion rand. South Africans drowning in debt. Johannesburg - As South Africans celebrate Freedom Day, more of them have fallen into the debt trap made worse by the increase in the general cost of living, said debt counsellor Wendy Monkley.
Monkley said for many, debt stood in the way of achieving true freedom. “It has been twenty two years since we stood united as a nation at the country’s first non-racial elections, we now stand united again, but this time with one common enemy that enslaves all races and income groups, and prevents us from achieving true freedom. South Africa exceeds foreign investment target by R20-billion. 4 March 2016 South Africa attracted R64.3-billion in foreign direct investment (FDI) between 1 April and 31 December 2015, the first three quarters of the financial year - surpassing its target of R45-billion by almost R20-billion.
This was announced by Minister Siyabonga Cwele, chair of the International Cooperation, Trade and Security cluster, during a media briefing in Cape Town last week. South Africa, he said, remains a competitive investment destination, despite a troubled global economy. "For citizens, the investment means an opportunity to work, to develop their skills, earn a sustainable income and feed a family," Cwele said. S.Africa has 46,800 millionaires, Indians ahead of blacks: report. By: Trust Matsilele Last Updated: 16 May 2015|14:19 GMT S.Africa has 46,800 millionaires, Indians ahead of blacks.
PHOTOS: alresalah Empowerment policies are failing black South Africans in terms of wealth growth while favouring Indian South Africans. These findings emerged from the South Africa 2015 Wealth Report. SUNDAY TIMES - SA growth could be fuelled by a 'big push into Africa' But it's a script that the country, Africa's most developed, needn't follow.
South Africa's Geographic Challenge. South Africa Legalises Drones. SA-West Africa multi-purpose trade expected to grow in 2015 - Cape Business News. According to SafmarineMPV’s James Lewer, “Intra-Africa trade of value-added, manufactured goods has grown faster than African exports to the rest of the world, according to a recent Economic Outlook Report published by the African Development Bank, OECD Development Centre and United Nations Development Programme (UNDP.)
“South African companies such as Gauteng-based Dominex – which provides infrastructure parts and manufactured goods to railway and mining companies in Africa – have seemingly proven their competitiveness globally as well as their ability to respond to West Africa’s needs for goods and services.” Earlier this year Dominex was awarded a tender to supply Angola’s major railway line, Caminho de Ferro de Benguela (CFB) with 11 rail wagons, following a global tender process. Dominex had previously supplied two train sets to CFB in 2011 and were chosen again as the preferred supplier for the new tender as a result of their proven ability.
West Africa’s oil and gas industry lures Cape Town fabricator - Cape Business News. “Securing a substantial fabrication contract in Ghana for Subsea 7 is the entrée into establishing a fully-fledged fabrication subsidiary to service the oil and gas industry in West Africa”, managing director of Bellville based Belmet Marine and Engineering, declared, Pieter Kroon, declared. The 46 year old specialist steel fabrication company established operations in Ghana two years ago to exploit the opportunities of the region’s off-shore and on-shore oil, gas and mining activities. “Establishing ourselves in Ghana was a strategic decision – geographically, it is ideally placed amongst the offshore oil and gas fields of the Gulf of Guinea. Ghana is a stable, English speaking country where the population are keen to work and the government welcomes foreign investment with a minimum of red tape, realising that establishing new industries contributes to the nation’s development and economy by creating jobs and acquiring skills,” explained Kroon.
Fabrication details Background to success. SA vineyards make African inroads. SOUTH African wine producers are trying to capitalise on the booming middle-class market in Africa. But not many seem to have developed strategies to pounce on opportunities presented to them, according to Mike Ratcliffe, owner of the Warwick wine estate in Stellenbosch. Anthony Hamilton Russell, owner of Hamilton Russell Vineyards, prefers to say the booming African middle class is taking advantage of the spectacular value and ever-improving quality to be found in the South African wine industry. “There is without doubt a growing interest in wine, which is benefiting both consumers and the industry,” Russell said.
The past decade has seen improved political stability and economic reforms resulting in average real gross domestic product (GDP) growth of more than 5% a year on the continent. Shoprite shifts investment focus to Africa - Industrials. As local growth continues to stall, supermarket retailer Shoprite has shifted its investment focus from South Africa to the rest of Africa. The group plans to invest R1.5 billion in opening 30 new stores and strengthening distribution infrastructure in Africa’s fastest growing economies, taking its store base on the continent to 200 stores in 2015. Nigeria, Mozambique, Angola and Zambia are Africa’s fastest growing economies, and Shoprite plans to focus its investment in these resource-rich countries - where GDP growth averages 6.5%.
In comparison, the group will invest R697 million in opening 50 stores in South Africa - which has seen GDP growth rates fall to below 2% this year. This is much slower than the 86 stores opened in the last financial year. Africa - First African military aircraft takes to the skies, making aviation history. South Africa’s Credit Rating Cut to One Level Above Junk by S&P. South Africa’s credit rating was cut to one level above junk by Standard & Poor’s as the longest mining strike in the nation’s history threatens to drag the economy into recession, curbing government revenue. The foreign-currency rating was lowered to BBB- from BBB and the local-currency rating was reduced to BBB+ from A-, S&P said in a statement yesterday.
The outlook on the ratings were raised to stable from negative. Fitch Ratings also lowered the outlook on its BBB grading to negative from stable. 5 Top Industries to Start-up a new company in South Africa. By Stephanie Marz | 02 June 2014 With the talk of starting up a small business being the way of the future, being or at least entering the entrepreneurial world in South Africa has become a big topic of interest. Keeping to grips with modernisation, people looking to start-up a new business have to-do the ground work that involves researching the ‘un-tapped’ markets, what has been seen and done and what industries are evidently lacking or not exposed enough in South Africa. By focusing industries that opens the gap to new companies could give light to markets that not reached its full potential and directly address the country’s continuous socioeconomic issues such as unemployment. Here are the top five industries to consider when starting up a company in South Africa: 1.
Being that South Africa is a developing country, when it comes to the latest technology, software and digital innovation – we are lagging behind in receiving these new ‘techy’ developments. 2. 3. 4. 5. South Africa enters economic deep freeze. SA entrepreneur launches world’s first bitcoin-only betting site: BetVIP. South Africa - and Johannesburg - the richest in Africa. A view of the Sandton central business district in northern Johannesburg, which has the largest square metreage of office space in South Africa. The nearby suburb of Sandhurst is home to the largest number of dollar millionaires on the continent. Nafuna TV's Nqobizitha 'Enqore' Mlilo, named top innovator by Google. Nqobizitha Mlilo, founder of Nafuna TV has been been named one of the 20 innovative and entrepreneurial web adopters from across sub-Saharan Africa and becomes a semi-finalists for the Google’s Africa Connected prize. Nqobizitha, through Nafuna TV, has been selected for using YouTube to provide his audience with animation and HD video content.
According to the Google brief on him, he’s also used Google Search to teach himself the trade. Nqobizitha, or Enqore as he’s popularly known, is building a business providing animation and high quality video production. You can visit their YouTube channel here where they have about 35 videos consisting music videos, arts festival footage, animated productions, animation tutorials, interviews with arts people and other videos. Unwrapping the mysteries of SA’s venture metrics landscape [Infographic] South Africans spent R3.3bn shopping online in 2012; your business needs superior eCommerce solutions. Goldman Sachs Sees IPO Wave on South Africa Private-Equity Exits. Goldman Sachs Group Inc. SABC Interview BPO / Offshoring South Africa.
Africa's first start-up bus hits the road. 28 November 2013Last updated at 19:18 ET By Salome van Zyl Johannesburg Of the 30 entrepreneurs on the bus, 15 were from Africa and 15 were from the rest of the world Imagine a bus, jam-packed with uber-geeks from different countries, taking on a four-day brainstorming marathon across Southern Africa. Well, imagine no more because it has just become a reality.
Founded by Elias Bizannes in 2010, StartupBus is a voluntarily run programme by entrepreneurs for entrepreneurs who are devoted to problem-solving around the world through technology. StartupBus has completed several journeys throughout Europe and the US since 2010, and now for the first time it has touched African soil, completing 1,500 miles from Zimbabwe to South Africa. "I'm very excited about StartupBus Africa because the growth potential of Africa is enormous and we have had a huge interest," says Fabian-Carlos Guhl, co-conductor of StartupBus.
South Africa to Issue Shale-Gas Permits in First Quarter of 2014. Richards Bay Industrial Development Zone promotional video. Ten potential special economic zones set for scrutiny - eProp - Commercial Property News Properties. The Department of Trade and Industry was also very close to finalising Saldanha Bay as a special economic zone, he told members of the trade and industry committee.
Director-general Lionel October noted that three potential zones showed the greatest promise — Upington as a centre for solar energy; the Dube trade port, which elicited interested by Indian business during the recent Brics (Brazil, Russia, India, China and South Africa) summit in Durban; and a platinum beneficiation SEZ. The feasibility study of Saldanha Bay showed it had strong potential as a hub on the West Coast for the oil and gas industry, he said.
Mr October told MPs the department had been given six months to finalise the selection of zones from those identified and studied. Mr Davies noted that the existing industrial development zones (IDZs) were beginning to gain traction because of the way they were managed and promoted. "IT'S AFRICA'S TIME" - Episode 7. South Africa Investing Heavily In Africa. "IT'S AFRICA'S TIME" - Episode 2. Gateway to Africa, June 2013 – Read online – Free download. South Africa's telecoms costs have fallen by 90 per cent in past decade - and BPO has taken note. Capturing the bottom of the pyramid: big brands target South Africa's marginal consumers. The top 10 richest South African women of 2013. Plans to turn Johannesburg into Africa's 'New York'