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SAA says the funding will be used for working and capital expenditure and to help manage outstanding debt.
The president’s persistent scandals and missteps are undermining the efforts of the finance minister to avoid the country’s plunge into junk status.
The finance minister targeted civil-servant jobs and increased wealth taxes in an effort to prevent a credit-rating downgrade.
The president will reportedly look to patch up ties with business leaders on Tuesday – just two days before the State of the Nation address.
With South Africa facing the very real possibility of a recession this year, every policy decision becomes extremely difficult for the Reserve Bank.
Construction’s most basic ingredient is what will make this continent boom, says Africa’s richest man.
The very industries that should benefit from the rand’s slump are the ones being hobbled.
The awarding of contracts to build SA’s nuclear plants is nearing. Who will pay for the big project?
Both the Pretoria high court and the International Criminal Court face a key test of credibility after al-Bashir’s free passage.
African nations are facing mounting risks as they seek to extend two decades of stellar economic growth.
Road users in Gauteng will pay up to 50% less a month in toll fees, according to Deputy President Cyril Ramaphosa.
Treasury will consider partnerships with the private sector to extend some of SA’s infrastructure build despite it being politically impossible.
GDP data is expected to show SA rebounded from a contraction but there still remains little momentum to spur economic growth.
The economic development minister says government is seeking a restitution package from colluding construction firms following a R1.5-billion fine.
Investors are beginning to favour the Eastern European country over South Africa as strike in mining and metals overshadow the seizure of Crimea.
Apart from its scenic tourist attractions, the Mother City will soon boast a massive commercial fly farm with 8.5-billion insects.
Government officials have begun to review the proposed changes to the Mineral and Petroleum Resources Development Act.
The president is under pressure to buoy investor confidence with his State of the Nation Address amid a credit-rating downgrade and ongoing strike.
The prime lending rate remains at 9% in the wake of Reserve Bank governor Gill Marcus’s announcement that the repurchase rate will be kept at 5.5%.
Inflation in South Africa increased to 6.1% in April, exceeding the Reserve Bank’s target of between 3% and 6%.