Economy and business
Swedish army prefers SA vehicle
- Details
- 18 December 2008
South African military vehicle manufacturer BAE Systems Land Systems SA has landed a lucrative contract for a further 60 armoured patrol vehicles with the Swedish Armed Forces – a deal that is said to be worth around €18-million (R256-million).
Incentive scheme for the poor
- Details
- 18 December 2008
An innovative incentive scheme developed by technology buff MarcAnthony Zimmermann uses the profits from a mobile phone package aimed at the poor to fund an incentive scheme that rewards the poor for positive behaviour such as keeping their children in school or taking an HIV test.
MTN in new empowerment deal
- Details
- 17 December 2008
MTN, South Africa’s mobile phone giant and the largest mobile phone operator in Africa, has announced a new black economic empowerment deal transferring ownership up to 30% of its local operations to black South Africans.
Highest global quality fuel in SA
- Details
- 14 November 2008
South Africa’s new multibillion-dollar state-of-the art crude oil refinery, set to go online in 2014 with a capacity of 400 000 barrels a day, would produce fuel to the very highest global standards, state-owned oil company PetroSA said on Thursday.
Eskom gets $500m for upgrade
- Details
- 11 November 2008
In the face of the global credit crunch, South African power utility Eskom has secured a US$500-million loan from the African Development Bank for its electricity-generation expansion programme, a sign of increased African independence in economic development.
Boost for SA motor trade
- Details
- 10 November 2008
Two major investments into South Africa’s motor industry were announced at the end of October. The local operations of Marcopolo and Volkswagen are to pump a total of R3.1-billion into their respective manufacturing plants.
Local service industry in focus
- Details
- 04 November 2008
The eyes of the global services trade industry are on South Africa in November, as the country hosts the annual Service Exporter Network conference, which takes place for the first time ever outside Europe. The high-profile conference is held under the aegis of the International Trade Centre and is regarded as a major coup for the country.
