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TIPS says GDP has recovered greatly since April

By: Marleny Arnoldi     11th September 2020 In a latest Real Economy Bulletin, Trade & Industrial Policy Strategies (TIPS) finds that gross domestic product (GDP) has bounced back significantly since May, following the hard lockdown imposed in April. While GDP shrank by 16% in the second quarter of the year, seasonally adjusted but not... 

Tourism sector appealing to govt to reopen borders

By: Simone Liedtke     11th September 2020 Adding its weight to the call for urgently lifting restrictions to save South Africa’s economy is the tourism sector, which was among the first and hardest hit by the lockdown measures instituted in the State of Disaster. The second-quarter gross domestic product (GDP) contraction indicates the... 

Dube-Ncube to inspect Margate Airport renovations

By: Sane Dhlamini     11th September 2020 KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Nomusa Dube-Ncube will visit Margate on Saturday to inspect R10-million worth of renovations at the Margate Airport as the country observes Tourism Month. Dube-Ncube will be accompanied by KwaZulu-Natal Transport, Community... 

Ghana wants to invest gold royalty IPO proceeds in similar funds

By: Reuters     8th September 2020 Ghana plans to use part of the proceeds from an initial public offering (IPO) in a gold royalty fund to invest in similar entities. Africa’s biggest gold producer wants to use about 20% of the $500 million it seeks to raise through the IPO later this year to buy stakes in other royalty... 

Dube-Ncube congratulates CHEM Energy for opening S Africa’s first fuel cell factory 

By: Sane Dhlamini     7th September 2020 KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Nomusa Dube-Ncube has congratulated CHEM ENERGY, a subsidiary of Taiwanese conglomerate CHEM Corporation, which has opened its $200-million fuel cell production factory in KwaZulu-Natal at the Dube TradePort Special... 

Lesotho aims to ‘go big’ on agriculture amid Agoa textiles uncertainty 

By: Terence Creamer     4th September 2020 Lesotho Prime Minister Dr Moeketsi Majoro reports that the country aims to overhaul its underperforming agricultural sector with the objective of improving both food security and attracting export-oriented investment into the production of high-value crops, such as fruit, vegetables and... 

Key court case in tourist business interruption claims against insurers on Tuesday

By: Rebecca Campbell     31st August 2020 A case of the greatest importance for the hospitality and tourism sector, on the one hand, and the insurance sector, on the other, is to be heard by a full bench of the Western Cape High Court on Tuesday. The case is Ma-Afrika Hotels and the Stellenbosch Kitchen restaurant versus insurance group... 

South Africa working towards reopening international borders

By: African News Agency      31st August 2020 Tourism Minister Mmamoloko Kubayi-Ngubane on Monday said the South African government was working towards the reopening of international travel, which had been put on ice for months since President Cyril Ramaphosa imposed a nationwide lockdown to curb the spread of Covid-19.  “Our next step is to... 

TIPS Tracker: The economy and the pandemic

24th August 2020 Trade and Industrial Policy Strategies' (TIPS's) 'Tracker: The economy and the pandemic' highlights important trends in the Covid-19 pandemic in South Africa and how they affect the economy. The number of reported new cases fell to an average of 3 350 a day in the week to 23 August, from a peak... 

Public Enterprises department reports unsolicited investor interest in SAA 

By: Rebecca Campbell     24th August 2020 The Department of Public Enterprises reported on Monday that the South African government had, by the start of this month, received more than ten unsolicited offers of interest in South African Airways and its subsidiaries. SAA is the State-owned national flag carrier, and its subsidiaries are... 

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