South African Finance minister Trevor Manuel has become the first finance minister to address the International Labour Organisation in its 85-year history.
South African Finance Minister Trevor Manuel has unveiled the government’s new royalties regime for minerals, oil and gas, which sees royalties ranging from 1% to 8% of gross sales value charged on a quarterly basis.
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/ 26 February 2003
As part of its fight against the proliferation of plastic bags across the South African landscape, the government has decided to introduce a levy on plastic bags, with some of the revenues earmarked for the recycling of the bags.
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/ 21 February 2003
The South African economy is buffered to some extent from the current downturn in economic growth experienced globally thanks to its improved export competitiveness and rising share of export markets, according to Minister of Trade and Industry Alec Erwin.
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/ 20 February 2003
Canadian-listed diamond exploration group Afri-Can Marine Minerals Corporation has announced a major diamond discovery offshore Namibia which has the potential to be the largest-ever diamond field in that country in terms of area.
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/ 13 February 2003
Strate, the 50% JSE-owned electronic settlement and custodian company, is starting to move into the black, the company said on Thursday, thanks to a revised fee structure.
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/ 10 February 2003
South Africa has moved up from sixth to fourth position in the UK retail wine sector and increased its share of the market in 2002 to 9,5% from 7,9% in 2001, according to Wines of South Africa.
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/ 31 January 2003
One of the US’s most highly regarded wine magazines, Wine Spectator, has recently awarded top ratings to three South African red wines, an encouraging sign for the local industry in its export endeavors, as well as the ongoing drive to give its wines a reputation for higher quality.
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/ 28 January 2003
Trading in shares of retailer Edgars Consolidated Stores has proved particularly frenzied in Tuesday’s morning session, with 2,23-million shares worth R131,56-million changing hands in 53 trades by 1300 local time.
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/ 27 January 2003
The South African wine industry is gearing up for this year’s 29th Nederburg Auction, its most prestigious event of the year.