Aug 02, 2012
Real Economy ReportBack
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NHBRC engineer Paimaan Byron
The World Bank has lowered its gross domestic product growth outlook for South Africa from 3.1% in November to 2.5% and has warned that the performance of Africa’s largest economy could be weaker still if the eurozone crisis deepens further.
World Bank lead economist for South Africa Sandeep Mahajan
Minister Marthinus van Schalkwyk says government and the private sector should work together on a framework to promote responsible tourism in South Africa.
Minister Marthinus van Schalkwyk
The US, Denmark, France and the Netherlands are the most food-secure countries in the world, according to research institute the Economist Intelligence Unit’s Global Food Security Index.
EIU Regional Director: Middle East & Africa Pat Thaker
That’s Creamer Media’s Real Economy Report. Join us again next week for more news and insight into South Africa’s real economy.
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Updated 12 minutes ago The world’s biggest mining company BHP Billiton has agreed a R10-billion, five-year liquid metal supply contract with a black-controlled consortium in a transaction that gives the South African aluminium industry a shot in the arm. The diversified major, which is in...
Updated 1 hour 4 minutes ago Much like South Africa was seen as an automotive hub, white appliance manufacturer Defy aimed to establish the country as a hub for the export of white appliances, Koc chairperson Mustafa Koc said on Monday. As Koc subsidiary Arcelik Group leveraged its $324-million...
Updated 1 hour 8 minutes ago South African radar company Reutech Radar Systems (RRS) is planning to develop new products next year, while remaining focused on its core businesses. "This is to maintain our momentum in both the defence and commercial markets," RRS CEO Carl Kies told Engineering...
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This Week's Magazine
JSE-listed real estate investment trust (REIT) Rebosis Property Fund achieved a distribution growth of 8.1% to 99.45c per linked unit in the financial year ended August 31, despite volatile market conditions.
A low-cost, inflatable incubator won this year’s international James Dyson design award, which aims to encourage and inspire the next generation of design engineers.
The World Bank released its ‘Doing Business 2015: Going Beyond Efficiency’ report last month and ranked South Africa 43 out of 189 global economies for its ease of doing business, with Singapore topping the rankings.
Air Products South Africa officially launched its R300-million Eastern Cape air- separation unit (ASU), at its new manufacturing facility in the Coega Industrial Development Zone (IDZ), earlier this month. It is the second facility that Air Products launched in South...
BMW South Africa (SA) has signed a power purchasing agreement with energy company Bio2Watt. The offtake partnership will bring renewable energy to the carmaker’s Rosslyn plant, north of Pretoria.