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South Africa: Capital Expenditure Spending Decreases In 2017

South Africa: Capital Expenditure Spending Decreases In 2017

  While capital expenditure by public sector institutions decreased in 2017, significant amounts were spent on service delivery orientated aspects, Statistics South Africa (Stats SA) said on Monday. The findings of the 2017 Capital Expenditure by the Public Sector report showed that total capital expenditure by public sector institutions decreased by R12 068 million from R283 276 […]

BRICS Alliance, A Distinct Global Brand – Research

  The political alliance of BRICS nations has become a distinct global brand in its own right, according to a research conducted by Brand South Africa. “In an ironic twist of geopolitical fate in the 21st century, the five developing nations of BRICS (Brazil, Russia, India, China and South Africa) have become advocates of free […]

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Nigeria: Reps Investigation Of Tax Waivers To Multi-Nationals Aimed At Protecting Nigerians – Speaker Dogara

  By Joseph Edegbo The House of Representatives’ investigation into incentives/waivers granted to multi-national corporations is aimed at ensuring that Nigeria is not short-changed from benefits derivable from foreign direct investment, Speaker Yakubu Dogara, has said. Speaking at the opening of an investigative hearing organised by the House Joint Committee on Finance and Public Accounts at […]

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South Africa: Push For Economic Transformation Continues

  South African Government is pushing ahead in implementing the ring-fencing of certain economic sectors to achieve economic transformation, says Deputy President David Mabuza. “Among the measures we must practically implement without wasting time is the issue of localisation and ring-fencing of certain economic sectors to achieve real economic transformation,” said the Deputy President on […]

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South Africa: Repo Rate Unchanged At 6.5%

  The South African Monetary Policy Committee (MPC) has unanimously decided to keep the repurchase rate unchanged at 6.5% per annum. Making the announcement on Thursday, South African Reserve Bank Governor, Lesetja Kganyago, said the MPC still sees the stance of monetary policy to be accommodative and appropriate, given the current state of the economy. […]

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SADC Finance Ministers Agree To Deepen Regional Integration

  The Southern African Development Community (SADC) Ministers of Finance have agreed that regional integration within the finance and investment sector should be deepened. The Ministers met under the chairmanship of the South African Minister of Finance Nhlanhla Nene on Wednesday. “With an expanding regional integration agenda, Ministers are spearheading a process to deliver, in […]

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South Africa: Eskom Welcomes McKinsey Apology

  South Africa’s power company, Eskom says it has welcomed McKinsey’s apology to South Africa for its role in State capture. “Eskom welcomes the apology made by McKinsey & Company Global Managing Partner, Kevin Sneader, to the people of South Africa at the University of Pretoria’s Gordon Institute of Business Science (GIBS) forum earlier today,” […]

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South Africa: Ramaphosa Attends Customs Union Summit In Botswana

  President Cyril Ramaphosa arrived in Botswana for the 6th Southern African Customs Union (SACU) Summit. SACU is the oldest customs union in the world and is constituted of Botswana, Lesotho, Namibia, South Africa and Swaziland. The Summit of Heads of States and Government meets on an annual basis to discuss progress on the implementation […]

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