The recent Cricket World Cup brought in the region of R1-billion into the South African economy, says Sports Minister Ngconde Balfour, who told Members of Parliament on Tuesday that South Africa was now casting its net for the 2020 Olympic Games and the 2014 Commonwealth Games.
Africa will have to find its own way and develop its own growth agenda, which will not be either the Indian or Chinese way of forging economic development, Mvelaphanda Holdings executive chairperson Tokyo Sexwale argued on Wednesday at a World Economic Forum media briefing at the start of the forum conversation on Africa.
Patricia de Lille's Independent Democrats seems to be on the comeback trail in the Western Cape. And the reason appears to be its decision to delink itself from the ANC. In last week's by-election in Riviersonderend -- part of the Theewaterskloof municipality, jointly governed by the DA and ID -- the ID increased its votes from 2,49% in the municipal election in 2006 to 16,4%.
The Department of Minerals and Energy is working on regulations to govern "the norms and standards" of energy appliances so as to reduce the use of energy, Minerals and Energy Minister Buyelwa Sonjica said on Wednesday. Speaking ahead of her budget vote, the minister acknowledged that people would be obligated "to be energy efficient".
South African Trade and Industry Minister Mandisi Mpahlwa says he expects to make an announcement on the National Lottery on Thursday. At a media briefing at Parliament on Wednesday, he said he was awaiting a report from the National Lotteries Board on the matter.
The Zimbabwe opposition Movement for Democratic Change's economics spokesperson, Eddie Cross, says that judging from his own bakery business, the country's inflation rate now exceeds 10 000%. He said on Wednesday that he was told by a supplier that flour for his bakery would now cost Z 000 for a 50kg bag, which cost Z 000 just recently.
The National Treasury has gazetted the details of municipalities whose 2006/07 municipal infrastructure grant allocations have been stopped -- because of non-compliance with the 2006 Division of Revenue Act. It amounts to R503-million. The main reason for the funds being stopped is "significant under-expenditure".
A lack of capacity to spend their allocations from the integrated housing and human-settlement development grant has resulted in the Eastern Cape and Mpumalanga being stripped of R145-million by the national Housing Department, the Cape Town-based South African Local Government Research Centre has reported.
Free Stater Sandra Botha, a former caucus chairperson of the opposition DA, has narrowly won the race for leader of the official opposition by 31 votes to 25 over former National Party minister Tertius Delport. She is the first woman to hold the post of leader of the opposition in South Africa. Past holders of the post have included Jan Smuts, Sir De Villiers Graaf and Dr Fredrick van Zyl Slabbert.