Doing business with SA
South African Airways will allocate at least 50% of its procurement budget of R20-billion over the
next three years to black industrialists. The decision has been welcomed by business and
The next step in South Africa's big fast results plan, Operation Phakisa, targets the mining
sector. Work begins in August. In the run-up to the first collaborations, the final Mining Charter
report has found that many rights holders are not meeting the charter targets.
Black industrialists are to benefit from a R23-billion fund, while the Industrial Development
Corporation has earmarked R100-billion over five years to grow industrialisation, transformation
and job creation. The moves are intended to bring more South Africans into the economic
The Airports Company South Africa says its expansion plans for Cape Town International include
the upgrading of the domestic and international terminals and the realignment of the runway.
Despite tough conditions, the Department of Mineral Resources had approved more than 36 new
mining rights projects in the past year that have the potential to create about 6 000 jobs, Minister
Ngoako Ramathlodi told Parliament during the tabling of his department's budget.
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