Economy

South Africans must work for good of economy

President Jacob Zuma referred to our "collective responsibility" to get the economy to perform at its full potential. South Africans can support the economy by buying a locally made products – each purchase stimulates demand and builds our industries and creates jobs.

South African fishers. Image: Marine Research Unit, UCT fishers, fishermen, linefish, fish, stocks, marine 
ecology, conservation, fishing

SAA procurement plan is welcomed

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 government departments.


Mining Operation Phakisa gets going

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.


South Africa sets up fund for new industrialists

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 mainstream.

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Business update

South African finance and economy news.

Infrastructure

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Development

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Economy overview

South Africa has the most advanced, broad-based industrial sector on the continent.

Global ratings

Recent international reports support South Africa's strengths as an investment destination.

Success stories

SA companies and products making their mark globally.