South Africa

Employment Rates See a Rise in South Africa

Employment Rates See a Rise in South Africa

It has been revealed in recent reports that the rate of employment in South Africa has apparently gone up by 7.7%. These are the statistics about the informal employment sector of the nation. This has resulted in making South Africa a hub for future investment opportunities.

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Ethos: New Shareholders of Universal Industries Corporation

Ethos: New Shareholders of Universal Industries Corporation

Ethos, a private equity firm, has taken a step further to make its position stronger in the market by acquiring South Africa’s Universal Industries Corporation for ZAR 1.3 billion.

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Telkom Confirms Talks with Korea Telecom

Telkom Confirms Talks with Korea Telecom

As per reported information, it has been revealed that Telkom has recently accepted that the company is in talks to sell off nearly 20% of its stakes to Korea Telecom.

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SA Consumers Felt More Vulnerable in Second Quarter

SA-Consumers

As per reported information, the recently released consumer financial vulnerability index has revealed that consumers were feeling the heat of extensive vulnerability regarding their savings and income in the recently concluded second quarter of 2011.

The consumer’s financial vulnerability index was released on Tuesday.

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Trade Unions Warn Against Consequences of Wal-Mart Deal

Trade Unions Warn Against Consequences of Wal-Mart Deal

Ebrahim Patel, the Economic Development Minister, along with Rob Davies, the Trade and Industry Minister and Tina Joemat-Pettersson, the Forestry and Fisheries Minister have lodged an application in Competition Appeal Court, as an attempt to estimate and hold forecasted 51% Massmart overtake by Walmart's.

“Conditions must be imposed that address the pre-merger retrenchments, the impact of the merger on workers' conditions in the retail sector and its supply chain”, added Saccawu while briefing its main goal.

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Bailiffs Seized MMD‘s Property for Rental Arrears

Bailiffs Seized MMD‘s Property for Rental Arrears

Bailiffs apprehended property of Kwacha from Movement for Multiparty Democracy (MMD) secretariat in order to recover an amount of K461 million. The amount had accumulated from the rental amount over due's to be paid to National Pension Scheme Authority (NAPSA).

The MMD has its secretariat office at top floor of NAPSA building in Lusaka. The MMD was provided a legal notice to clear rental dues that were not paid. The Bailiff Officer Mr. Masautso Banda ordered to get hold of all office furniture and computers from the MMD secretariat office.

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Canterbury Archbishop Plans 9 Day Trip to Central SA

Rowan-Williams

Taking an initiative to decrease the distances of the Zimbabwe Church that came in 2007, the Archbishop of Canterbury Dr. Rowan Williams has planned a nine days trip, which would start from Malawi and would end in Zambia.

He would also visit the Anglican Church, where celebration would be organized as it gets 150 year old. His main motive is to sort out the differences that have erupted between the Anglicans. He would also meet President Robert Mugabe, in this regard, but it is thought that President would take it as an opportunity to fulfil some of his political motives.

Will Dalai Lama Get South African Visa?

Dalai Lama

Archbishop Desmond Tutu has stated the President Jacob Zuma's administration as worst that South Africa could witness as they are not allowing the spiritual leader Dalai Lama to enter the country for sharing a peace lecture on his 80th birthday.

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South Africa and Turkey Looking Forward to Establish Healthy Trade Relations

South Africa and Turkey Looking Forward to Establish Healthy Trade Relations

The Deputy President of South Africa, Kgalema Motlanthe, announced at a press conference that the nation is looking forward to improve trade relations with Turkey. The announcement was made in the presence of the Prime Minister of Turkey, Recep Tayyip Erdogan, in Pretoria.

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Suu Kyi Questions SA for Disapproval of Visa Applied by Dalai Lama

Suu Kyi Questions SA for Disapproval of Visa Applied by Dalai Lama

Aung San Suu Kyi, the democratic activist of Myanmar, has criticized South Africa for hesitating in providing the Dalai Lama a visa to visit their country. Earlier in the year 2009, the Dalai Lama, was denied for visa by South Africa.

Suu Kyi questions the government of South Africa for their denial to issue visa to Dalai Lama. She further questions their involvement in supporting nations who were fighting for social equality and human rights.

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