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/ 6 February 2004
Political reactions on Friday streamed in to President Thabo Mbeki’s opening of Parliament and State of the Nation speech in Cape Town. Tony Leon, leader of the official opposition Democratic Alliance, said: ”He [Mbeki] did not address the real failures of crime, unemployment and HIV/Aids.”
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/ 6 February 2004
The South African government will "soon" be inviting proposals for private-sector participation in certain port operations, starting with the Durban Container Terminal, according to Minister of Public Enterprises Jeff Radebe, who was speaking at the opening of the second African Intermodal conference in Cape Town.
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/ 3 February 2004
One of the United Kingdom’s fastest-growing insurance companies, the Budget Group, has announced its decision to set up a call centre in Cape Town, in an investment valued at R100-million. The call-centre industry in Cape Town already comprises more than 70 companies.
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/ 2 February 2004
South Africa’s Coega industrial development zone and neighbouring deepwater port of Ngqura outside Port Elizabeth in the Eastern Cape have firm funding commitments totalling about R7,4-billion from the public sector for their ongoing development.
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/ 23 January 2004
In addition to the actions the South African wine industry has taken in the past to curb alcohol abuse, a combined effort by the industry and others is needed to rid the country of the ”tot” system, where farm workers receive part of their wages in the form of liquor, according to the CEO of the South African Wine and Brandy Company.
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/ 23 January 2004
Healthcare-related shares on the JSE Securities Exchange South Africa have come under selling pressure in the past week, sparked by investor fears that company profits and margins will be harmed by draft regulations from the government that would see the listed manufacturer’s selling price of all medicines cut by 50%.
Shares in South African retailer Woolworths lost ground in morning trade on Thursday after the group released a trading update for the six months to July showing a disappointing performance from its Australian subsidiary and slightly softer-than-expected sales for the Christmas period.
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/ 30 December 2003
KWV International, the export subsidiary of KWV Ltd, one of South Africa’s largest producers of wine and spirits, has continued to see its export volumes grow in the first half of its financial year, but financially the strong rand is having a negative impact on the group, according to managing director Vernon Davis.
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/ 16 December 2003
The Industrial Development Corporation (IDC), the government-owned development financing group, says it will continue to be actively involved in facilitating the co-production of films in South Africa, and opportunities for further black economic empowerment (BEE) in the industry were growing.
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/ 15 December 2003
The Industrial Development Corporation (IDC), South Africa’s government-owned development financing institution focused on providing funding for a broad range of projects, has approved funding for new projects totalling R6,2-billion in its financial year to the end of June 2003, a 26% increase from the previous year.