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South Africa

AfDB’s bold move for women-owned businesses

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Banks operating in Africa have been urged to accelerate funding for women-owned businesses or risk limited lending from the African Development Bank (AfDB), the institution cautioned on Wednesday.

Heads roll over VBS in Limpopo

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Officials from local municipalities in Limpopo have been shown the door for their involvement in the VBS Mutual Bank.

VBS in the red by R372 million

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Reserve Bank Deputy Governor Kuben Naidoo says unaudited restated financial statements show that VBS Mutual Bank has a negative equity position of R372 million.

African development changes course from aid to investment

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African Presidents have been saluted at the inaugural Africa Investment Forum for embracing the continent’s economic growth project, with event organisers on Wednesday saying this will go a long way in attracting tangible investment.

President talks tough on ethnic chauvinism

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The National Assembly’s house chairperson of internal arrangements, Thoko Didiza, had to suspend a question and answer session for a few minutes to restore order after an exchange between Members of Parliament went from a series of point of orders to unparliamentary insults.

SA positions itself to attract investment

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President Cyril Ramaphosa says government has prioritised several key reforms aimed at attracting investment into minerals and petroleum exploration, tourism and agriculture.

Home Affairs seeks legal advice to enforce Fireblade court order

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Home Affairs Minister Malusi Gigaba says there is no policy framework that can enable the department to formalise an arrangement to enable Fireblade Aviation to have immigration services at the VVIP terminal at OR Tambo International Airport.

Cleaning sector minimum wage review underway

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The Bargaining Forum in the contract cleaning sector has proposed revised wages ahead of the review of the current sectoral determination, said the Department of Labour.

SA investment climate is improving

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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.

Security tight for Africa Investment Forum

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The National Joint Operational and Intelligence Structure (NATJOINTS) has assured that all plans are in place for a safe and secure Africa Investment Forum.