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Morgan Stanley-backed fund to buy virus-hit South African firms

By: Bloomberg     6th May 2020 Capitalworks Investment Partners plans to invest R5-billion of newly raised cash in mid-sized South African companies hit by a shrinking local economy and the coronavirus pandemic. The firm raised 25% more than planned for its Private Equity Fund III from Morgan Stanley’s Alternative Investments... 

US gives Greenland $12m, but says it's not to buy

By: Bloomberg     24th April 2020 The US is giving $12.1-million in aid to Greenland but denies the help is part of a long-term scheme to buy the island from Denmark, regardless of what President Donald Trump may have said in the past. While the money involved is small, it’s revived a furor in Denmark over reports last year that... 

Black rhino population doubles owing to concerted conservation

By: Donna Slater     3rd April 2020 Nature conservation organisation, the International Union for Conservation of Nature (IUCN), reports that the world population of black rhino has risen from about 2 500 in the 1990s to 5 600. Independent conservation organisation, the World Wide Fund for Nature (WWF) attributes some of that... 

International air transport body urges global economic group to act to save aviation

By: Rebecca Campbell     27th March 2020 On March 26 the International Air Transport Association (Iata) addressed an appeal, on behalf of the global airline industry, to the leaders of the Group of 20 leading economic powers (G20). The G20 members together accounted for some 85% of the world’s gross domestic product, more than 75% of... 

IMF chief says coronavirus erases hopes for stronger growth in 2020

By: Reuters     5th March 2020 The global spread of the novel coronavirus has crushed hopes for stronger growth this year and will hold 2020 global output gains to their slowest pace since the 2008/9 financial crisis, International Monetary Fund (IMF) MD Kristalina Georgieva said on Wednesday. The IMF now expects 2020 world... 

As virus spreads to three continents, markets brace for recession

By: News24Wire      28th February 2020 Countries on three continents reported their first cases of the coronavirus on Friday as the world prepared for a pandemic of the disease and investors dumped equities in expectation of a global recession. Share prices were on track for the worst week since the global financial crisis in 2008 as... 

Virgin Atlantic Returns To The Mother City

13th February 2020 Virgin Atlantic Announces Seasonal Route From Cape Town To London Heathrow Route Commences October 2020 

Dube TradePort facilitating growth in KwaZulu-Natal

By: Tasneem Bulbulia     24th January 2020 The King Shaka International Airport in KwaZulu-Natal continued to experience steady growth in passenger volumes over the December festive season, with international passenger volumes up by 9% and domestic passenger volumes up by 12%, DubeTrade Port Corporation reported this week. Dube TradePort... 

Public, private sector collaboration bearing fruit across various sectors

By: Marleny Arnoldi     24th January 2020 The private sector and government have made progress in several areas of South African industry since launching the Public Private Growth Initiative (PPGI). In particular, progress has been made in terms of water use licences and the recapitalisation of State forestry assets.  

Expanding the Free State provincial economy through small business development

By: Creamer Media Reporter      21st January 2020 The Free State Provincial Government’s endorsement and support of the 2nd Annual Smart Procurement World Conference and Enterprise & Supplier Development (ESD) Expo will see the building of sustainable local industries. In addition, says Debbie Tagg, COO of Smart Procurement (the organisers of... 

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