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Mining sector fails to perform: Gordhan

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Cape Town - South Africa's mining sector has failed to capitalise on escalating commodity prices and has performed poorly in recent years when compared to the mining sectors of other countries, the Finance Minister Pravin Gordhan revealed today.

Infected bananas email a hoax

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Pretoria - An email claiming that certain bananas from KwaZulu-Natal have been poisoned with a flesh-eating bacterium has been clarified as a hoax email by the Department of Agriculture, Forestry and Fisheries.

Gordhan moots setting aside of 'policy reserve'

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Cape Town - The National Treasury is looking at creating a separate nest-egg of funds or "policy reserve" by drawing from its existing investments and revenue to support economic growth, the Minister of Finance Pravin Gordhan said today.

Notice period for cities wanting to host Afcon matches

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Pretoria - The South African Football Association (Safa) has issued a notice to municipalities interested in serving as host cities of the 2013 African Cup of Nations (Afcon) and the 2014 African Nations Champions (CHAN).

Gloves off at COP 17

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Durban - A group of 54 African countries at the UN Climate Change Conference in Durban has flexed its muscles on Monday, expressing concern at what it described as attempts by some developed countries to kill the Kyoto Protocol.

Industrial development zones to get R25bn

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Cape Town - The Minister of Finance Pravin Gordhan today revealed plans to provide R25 billion over the next six years to stimulate industrial development zones, boost investments in enterprises and job creation, support green initiatives and to get the private sector to partner with the public sector to invest in infrastructure.

Zuma commends DRC on elections

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Pretoria - President Jacob Zuma has applauded the people of the Democratic Republic of Congo (DRC) following the successful conclusion of the presidential and parliamentary elections.

Crunch time for climate talks

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Durban - As Heads of State and ministers start arriving in Durban today for the UN climate talks, negotiators are hoping that come end of the week, some kind of political compromise will be reached to break the stalemate on a whole range of issues.

Koeberg's Unit 2 returns to service

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Pretoria - Unit 2 of the Koeberg power station has returned to service as repairs to the generator have been completed, Eskom said on Monday.

R500m to fund NHI pilot sites

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Cape Town - About R500 million is expected to be set aside in the 2012 Budget to fund pilot sites for the National Health Insurance (NHI) system, the Minister of Finance Pravin Gordhan revealed today.

Commitment to Kyoto Protocol essential

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Pretoria - It is of utmost importance that at the end of COP17, there is an agreement on the second commitment period of the Kyoto Protocol, says Home Affairs Minister Nkosazana Dlamini Zuma.

More focus on infrastructure development

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Cape Town - Government is to place more emphasis on funding the development of long-term infrastructure the Minister of Finance Pravin Gordhan said today.

Cabinet changes come into effect

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Pretoria - The changes to the National Executive announced by President Jacob Zuma on Monday will come into effect when the new ministers and deputy ministers are sworn in to office during a ceremony at Tuynhuys this afternoon.