As the country battles with an erratic power supply, recent financial data from
Statistics South Africa indicates increased investment by players in the electricity, gas
and water supply industry, with capital expenditure rising by almost 92% to R24,3-
billion in the third quarter 2014.
A company that farms abalone in Hermanus in the Western Cape, exports 275 tons of
abalone a year to the Far East. Using funds from a Department
of Trade and Industry aquaculture incentive, Abagold will soon push up exports
to 500 tons, creating more than 100 new jobs in the process.
The unveiling of a new high-powered locomotive at Cape Town station on Monday
marks a turning point in South Africa's strategy to modernise and rehabilitate the
country's railway services, the Passenger Rail Agency of SA said.
The South African economy grew by 1.4% in the third quarter according to data
released on Tuesday by Statistics SA – and analysts say the recovery is expected to
gain moderate momentum in the final quarter of 2014.
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