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Apr 15, 2011

PUSHING AHEAD:

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Many question were asked about the wisdom of continuing to pursue a nuclear energy programme after the challenging events associated with Japan’s earthquake- and tsunami-stricken Fukushima Dai-ichi nuclear plant. But, as the crisis was unfolding, South Africa approved a new power generation mix for the coming 20 years, which incorporates nuclear. To be sure, the environmental approval process and the associated public consultations will be entirely unlike a weekend fishing trip. Prepare for a battle!
 

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National Assembly Speaker Baleka Mbete may have laid the blame squarely on the Department of State Security for the unlawful use of a cell-phone jamming device ahead of the State of the Nation address on February 12. But that does not exonerate her from a range of...
South Africa’s weak economic performance is already making it hard for investors, domestic or foreign, to put money into expansionary projects. But add into the mix the country’s electricity instability, which appears set to be with us for some time, and the outlook...
There is no question that consumers are enjoying a nice little windfall as a result of the dramatic fall in the oil price. But translating this short-term gain into sustainable benefits for households and the economy is easier said that done.
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Latest News
Updated 29 minutes ago Business activity in South Africa's private sector stabilised in February after shrinking for two months, a survey showed on Wednesday, with falling fuel prices offering companies some respite. South Africa's HSBC Purchasing Managers' Index (PMI) inched up to 50 in...
Updated 33 minutes ago South Africa's rand recouped some of the previous day's sharp losses on Wednesday, but remained on shaky ground after Fitch ratings agency warned of a possible credit downgrade this year. At 0714 GMT the local unit was trading at 11.7600 to the dollar, from Tuesday's...
Updated 1 hour 11 minutes ago South Africa's central bank will keep interest rates unchanged in the short term as it lowered its inflation outlook but will monitor European and US economic events closely, deputy governor Daniel Mminele said on Tuesday. "The more benign projected inflation path......
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National flag carrier South African Airways (SAA) is in an advanced stage of renegotiating its deal with European airliner manufacturer Airbus to acquire A320 single-aisle (or narrow body) aircraft. The aim is to replace ten of the aircraft still on order with five...
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