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/ 15 December 2003
Boosted largely by ongoing expansion of the harbour and a number of major businesses in the area, the residential property market in Richards Bay in KwaZulu-Natal is experiencing strong demand, according to Pam Golding Properties. Growth has resulted in an influx of new employees and a constant stream of contractors.
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/ 11 December 2003
Sun International, one of South Africa’s largest listed hotel and gaming groups, is planning a significant expansion of its Fish River Sun resort in the Eastern Cape, including the sale of some of the property by Pam Golding Properties, in a project that will represent sizeable investment for the region.
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/ 10 December 2003
With consumer confidence rising and inflation and interest rates falling in the wider economy, South African retailers are anticipating strong sales for the key December period, making up for a first-half of 2003 characterised by sluggish performances.
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/ 4 December 2003
Anglo American Farms said on Thursday it has, "after a rigorous two-year process", sold the Boschendal wine farm, located outside Franschhoek in South Africa’s winelands, to a consortium of investors with a 30% empowerment stake for a total consideration of R323-million.
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/ 25 November 2003
Wind-generated energy "could and should" play an important role in South Africa’s energy economy and sustainable development, according to Minister of Minerals and Energy, Phumzile Mlambo-Ngcuka, with the first draft of the country’s Renewable Energy Strategy expected in February 2004.
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/ 13 November 2003
After receiving what he described as ”significant interest” in the government’s Exchange Control Amnesty, South African Finance Minister Trevor Manuel has extended the due date of the amnesty from November 30, 2003 to February 29, 2004.
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/ 12 November 2003
The South African government’s expansionary Budget policy for the next four years would not have an inflationary impact on the economy, according to South African Reserve Bank Governor Tito Mboweni. He said that he was confident there would be no "fiscal dominance" arising out of the higher budget deficits projected through 2006-07.
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/ 12 November 2003
The South African Cabinet has approved a comprehensive business plan for the implementation of the Expanded Public Works Programme, which will target the employment of one-million unemployed people over five years, according to President Thabo Mbeki.
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/ 3 November 2003
Many foreign investors are currently adopting a "wait and see" attitude towards investing in South Africa, despite the country’s many positive factors and perceptions of it having a relatively moderate risk-reward payoff over five years, according to a newly released report on foreign investor perceptions of South Africa.
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/ 30 October 2003
Southern Sun Hotels, South Africa’s largest black empowerment hotel and gaming group, has signed a R100-million management contract with the Pezula Group for a multimillion rand luxury resort hotel to be located in Knysna at the Pezula private estate.