Economy

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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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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Zimbabwe Might Be the New Investment Hub

Zimbabwe Might Be the New Investment Hub

It has been revealed in recent reports that Zimbabwe could soon see an upsurge in the number of investments being made. They might soon witness a surge in the number of huge retail chains coming to their country from South Africa. This might be able to occupy space at the huge shopping emporium being constructed in the country by McCormick Property Development and Augur Investments.

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Petroleum Subsidies Could Derail Economic Growth

Petroleum Subsidies Could Derail Economic Growth

It seems that financial scarcity is pinching the organized private sector to an extent that voices are being heard to dissolve the so called subsidies offered to general public in petroleum products. The Federal Government has shown interest in loosening the controls over the private sector.

National Assembly Says No To Proposed Budget

National Assembly Says No To Proposed Budget

It has been reported that the National Assembly of Nigeria has refused to pass the proposed budget of President Goodluck Jonathan. The lawmakers have urged to redraft the proposed budget under proper consultation.

It has come to light that President Goodluck Jonathan proposed to add further funds to the budget so that the goals of the ministries of Niger Delta Affairs, Federal Capital Territory Administra-tion, Federal Ministry of Agriculture and Rural Deve-lopment, Federal Ministry of Education, Police Formations and Com-mands and Federal Ministry of Justice could be met.

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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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Africa Becoming More Inclined Towards Space Technology

Africa Becoming More Inclined Towards Space Technology

It has been revealed by Rob Davies, the trade and industry Minister from South Africa, that the nation is slowly becoming more and more involved towards space technology. He revealed this on the 62nd International Astronautical Congress that was held in Cape Town and indicated that the nation is soon going to be involved in some of the major projects in this direction.

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