South Africa

South Africa to Re-Export Irish Cheese

South Africa to Re-Export Irish Cheese

It has been reported that about 22 tones of cheddar cheese had to be destroyed as they were found to be carrying super bug E. coli. The revelation about the cheese being affected with E. coli was made by an independent investigation.

E. coli has been found responsible for causing food poisoning and other stomach and digestion problem in human. A warning has been issued to the public, asking them not to consume Irish cheese. Moreover, the Irish cheese products won’t be allowed to enter South Africa unless and until it is assured that they are free from E. coli bacteria.

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ACE Africa Cable to Go Online by Mid-2012: France Telecom

ACE Africa Cable to Go Online by Mid-2012: France Telecom

With the intent of introducing high-speed Internet links to West African nations, France Telecom on Wednesday revealed an innovative plan. As per the scheme, a fibre-optic cable reaching South Africa from France will go online by the mid of 2012.

As per the statement released by France Telecom, which chairs the 17-member consortium working on the revolutionary project, the 10,500-mile (17,000km) underwater from Africa Coast to Europe (ACE) cable was initially scheduled to instigate during the early phase of next year.

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SA PMI Increases But Insignificantly

SA PMI Increases But Insignificantly

The slow economic growth around the world and difficult economic conditions in Europe are not the only reasons for a hold up in manufacturing. South Africa too might be facing economic uncertainty.

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Unexpected Fall in SA’s Unemployment

Unexpected Fall in SA’s Unemployment

Not only has South Africa’s unemployment rate fallen to 25% in the third quarter manufacturing and retail sales rose. This indicates that economic growth may get better from a slowdown that had inflicted the economy in the second quarter.

In a report released by the Statistics South Africa it was said that the unemployment rate had gone down from 25.7% in the second quarter. According to the median estimate of five analysts in a Bloomberg survey an increase of 26% was slatted.

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SA Factories Still Suffering Price Hike Crisis

SA Factories Still Suffering Price Hike Crisis

According to reports, the current hike in the PPI does not portend well for the trajectory of consumer price rise problems.

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Taxpayers Wait for Gordhan’s Statement

Taxpayers Wait for Gordhan’s Statement

Taxpayers will probably learn tomorrow that in case they are encountering elevated levels of taxes in the fiscal year to follow. The coming Friday, motorists are likely to hear that starting next year, they will have to pay increased prices for petrol, which will be cleanly the fourth monthly increase in a row.

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ANCYL to Hold Protest for Employment for Young People

ANCYL to Hold Protest for Employment for Young People

In what seems like South Africa's major political fiasco, President Jacob Zuma's observation of the affairs of the African National Congress (ANC) comes across as sad. Zuma said that the problem of division and ill-discipline in the ANC had reached new levels.

Cosatu General Secretary Zwelinzima Vavi warned that the alliance was being portrayed by divisions and fast forming cliques and cabals, pigeonholing of unsuspecting individuals, innuendos, gossip, back-stabbing, character assassination, political assassination and even physical assassination.

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Massmart-Walmart Deal In Danger

Massmart-Walmart Deal In Danger

It seems that road is tough ahead of the business association of the Massmart-Walmart, as opposition has grown against the deal. It’s being said that though Wal-Mart had assured that it would create as many as 15,000 jobs in South Africa within five years, there are very weak chances that it could actually happen.

As the news of the merger worth 16.5 billion-rand for a stake of 51% in Johannesburg-based retailer Massmart hit the contours of the community, words of opposition were being heard to derail the project, which could put the future of local retail chains into threat.

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Sales Distortion Made Retail Sector to Show Growth By 7%

Sales Distortion Made Retail Sector to Show Growth By 7%

International news was flashing only one thing, that South Africa has showed tremendous improvement on retail front, and has witnessed rise in its sale by 7%.

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Donen Commission’s Report Sparks Controversy

Donen Commission’s Report Sparks Controversy

The announcement that the controversial report of the Donen Commission surrounding the role of South Africans in the Iraq oil-for-food programme has sparked controversy. It has been confirmed that the report could derail the reputation of bosses of the ANC and the main threat would on Deputy President Kgalema Motlanthe and Minister for Human Settlements Tokyo Sexwale.

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