Economy

R12.5bn water project launched in E Cape

The R12.5-billion Mzimvubu Water Project, which will involve the construction of two major dams, a hydropower plant and bulk water distribution infrastructure to supply over 720 000 households, was launched in the Eastern Cape on Friday.

Launch of the Mzimvubu Water Project

SA economy 'needs structural shift to grow'

South Africa's economy needs to undergo a structural shift, away from exporting mining commodities to producing value-added products, if it is to create jobs and growth, Trade and Industry Minister Rob Davies said at the unveiling of the latest version of the country's Industrial Policy Action Plan.


South African tax revenue 'buoyant'

Finance Minister Pravin Gordhan praised South Africa's resilience in the face of global economic turmoil on Tuesday as he announced that the SA Revenue Service had collected R899.7-billion in taxes for 2013/14, R0.7-billion more than the revised estimate of R895-billion.


SA, Lesotho start phase two of mega water project

South Africa and Lesotho have launched the R15.5-billion second phase of the Lesotho Highlands Water Project, which will generate hydro-electric power for Lesotho while increasing the volume of water transferred to South Africa from the current 10-billion to about 15-billion cubic metres a year.

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