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Reserve Bank: Damage wreaked by State capture even worse than we thought

By: News24Wire      18th April 2019 The damage done by State capture is worse than previously understood, and its effects, coupled with load-shedding, are bound to hit economic growth hard, according to the Reserve Bank Monetary Policy Review. In a document outlining growth prospects for the country, the Pretoria-based institution... 

Van der Merwe to lead establishment of Gauteng Transport Authority 

By: Irma Venter     18th April 2019 Gautrain Management Agency (GMA) CEO Jack van der Merwe will, in the short term, steer the establishment of the Gauteng Transport Authority (GTA), says Gauteng Roads and Transport MEC Dr Ismail Vadi. ‘Short term’ refers to a period of six months. Van der Merwe will remain in his position as... 

SARB says too early to claim inflation win

By: Bloomberg     18th April 2019 The South African Reserve Bank says it’s premature to claim victory in the war against inflation and sees price growth stabilising at 4.5% only by the end of 2021. While inflation has been inside the central bank’s target band of 3% to 6% for two years and was at the midpoint of this range in... 

NUM members on strike at PPC Cement in Pretoria

By: African News Agency      17th April 2019 The National Union of Mineworkers (NUM) on Wednesday confirmed a strike by workers at cement producing company PPC, at Hercules, in Pretoria, over wage increases.  NUM PPC branch secretary Surprise Baloyi, said workers were embarking on a protected strike over the company’s refusal to bargain on... 

Fourth Industrial Revolution Centre launched in South Africa  

By: Rebecca Campbell     16th April 2019 South African Science and Technology Minister Mmamoloko Kubayi-Ngubane on Tuesday highlighted that the country's future development probably depended on how fast it mastered the technologies of the Fourth Industrial Revolution. She was addressing a breakfast forum to mark the setting up of a... 

N1 highway pedestrian bridge to be ready for use soon

By: Simone Liedtke     15th April 2019 The new pedestrian bridge over the N1 at Erasmusrand will soon be ready for use by pedestrians and cyclists near Hoërskool Waterkloof, in Pretoria, says the South African National Roads Agency Limited (Sanral). The bridge, which was built in under 20 hours over this past weekend, only needs to... 

South Africa and World Economic Forum announce intention to establish 4IR Affiliate Centre

15th April 2019 South Africa will soon join the World Economic Forum's Centre for the Fourth Industrial Revolution Network (C4IR Network) alongside China, India and Japan by launching an Affiliate Centre. This comes as the world prepares for the unprecedented transformation of the Fourth Industrial Revolution... 

Nzimande instructs PRASA board to improve the reliability of trains

By: African News Agency      12th April 2019 Transport Minister Blade Nzimande has instructed the Passenger Rail Agency of South Africa (PRASA) board to improve reliability of trains and trains cancellations by 60% and 41% improvement respectively. This comes after a meeting Nzimande had with PRASA which was prompted when president Cyril... 

Nissan to produce award-winning Navara pickup in South Africa

10th April 2019 Major investment in plant, equipment and training Rosslyn facility to expand role as LCV export hub for Navara, NP200 and NP300 Significant job creation at plant and supply chain Full range of Navara models to be produced on new, flexible production line South Africa (Wednesday, April 10) Nissan... 

Nissan invests R3bn in Rosslyn plant to build Navara pickup  

By: Irma Venter     10th April 2019 Japanese vehicle manufacturer Nissan will invest R3-billion to prepare its Rosslyn plant, in Pretoria, for production of the Navara pickup.  Assembly will start in November 2020, and will add to current production of the NP300 one-ton bakkie and NP200 half-ton bakkie, which is set to continue. 

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