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South Africa

Finance Minister to meet business leaders

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Pretoria - Finance Minister Malusi Gigaba is set to meet with business following news that South Africa’s Gross Domestic Product (GDP) contracted by 0.7% in the first quarter of 2017 putting the country into recession.

Youth empowerment key to poverty eradication

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Pretoria – Tourism Deputy Minister Elizabeth Thabethe says poverty eradication and job creation through youth empowerment programmes is one of government’s key focus area.

SA's GDP contracts to -0.7%

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Cape Town – The country’s Gross Domestic Product (GDP) has contracted to -0.7% in the first quarter of 2017, Statistics South Africa announced on Tuesday.

Municipal consumer debt at R128.3bn

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Pretoria – The aggregate municipal consumer debt amounted to R128.3 billion in the third quarter of the 2016/17 financial year, compared to R117.7 billion which was reported in the second quarter, says National Treasury.

SA participates in UN Conference

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Pretoria - Environmental Affairs Minister Edna Molewa is currently in New York, attending a United Nations Conference.

Telkom reports growth in operating revenues

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Pretoria – Telkom has reported growth in its operating revenues, including its mobile business which is making money again after reporting losses for four years.

Cape Town on standby ahead of weather warning

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Pretoria – The City of Cape Town is on standby following a warning from the South African Weather Service (SAWS) of high rainfall, gale-force wind and possible snowfalls later this week.

Probe into attempted sale of spaces at med school underway

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Pretoria – Higher Education and Training Minister Blade Nzimande has welcomed the continuing probe by law enforcement agencies of claims of people attempting to sell places to study medicine at the University of KwaZulu-Natal.

R200m investment a vote of confidence in SA

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Pretoria - The R200 million investment by Lucchini South Africa is a vote of confidence in the South African economy, says Acting Head of Investment South Africa (InvestSA), Yunus Hoosen.